Loan Accounting Specialist

Job Description

Job Description

Position Summary : The Loan Accounting Specialist is responsible for ensuring the accuracy and integrity of all loan accounting transactions within the Bank’s portfolio. This role supports the daily, monthly, and quarterly reconciliation of loan systems to the general ledger, manages loan-level accounting adjustments, and assists with internal and regulatory reporting. The ideal candidate will bring strong analytical skills, high attention to detail, and a solid understanding of commercial loan structures and accounting principles.

Key Responsibilities

Loan Accounting & Reconciliation

• Reconcile loan subledger balances to the general ledger and ensure accuracy of all loan-related entries.
• Post loan payments, fee income, interest accruals, charge-offs, and recoveries.
• Research and resolve accounting discrepancies and exceptions in a timely manner.
• Review daily loan activity for accuracy and compliance with established accounting policies.

Reporting & Analysis

Process Improvement & Controls

Compliance & Governance

Skills and Experience :

Position Type :

This position is a full-time, exempt position. Typical work hours are Monday through Friday, 8 : 00am to 5 : 00pm.

Direct Reports : None

Travel : None

Work Environment :

This job operates in a professional office environment. This position uses office equipment such as computers, phones, copy and fax machines, calculators, filing cabinets and printers.

Physical Demands :

This position will be responsible for writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.

Mental Demands :

The incumbent in this position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.