10 days old

Customer & Syndication Accounting Specialist

Omaha, NE 68137
JobTitle: Customer & Syndication Accounting Specialist
Job ID: 1613_en-us
Salary Range: 56830.0- 83810.0
Job Category: Finance & Accounting
Grade Level: 19C
Employment type: Full-Time
Relocation Available: No
Closing Date: Jan 23, 2020
Team: ABF Loan Accounting

Position Description:

POSITION SUMMARY:

Customer and Syndication Accounting Specialists support the Agribusiness Capital and Retail Commercial Lending teams for Farm Credit Services of America/Frontier Farm Credit (PCA & FLCA) and are responsible for the servicing and administration of their portfolios; including complex originated, syndicated, and participated loans where Farm Credit Services of America/Frontier Farm Credit may be the administrative agent, a syndicate lender, or participant. The Customer and Syndication Accounting Specialist is the liaison and operational point of contact for all commercial lenders, Farm Credit System partners, and internal Farm Credit Services of America/Frontier Farm Credit departments. The Customer and Syndication Accounting Specialists maintain the soundness of our control environment by using critical thinking and problem-solving skills to analyze and resolve issues and answer questions. Monitor assigned loans to ensure funding and payments are compliant with loan servicing agreements, loan documentation and lender/investor instructions. The Customer and Syndication Accounting Specialists are responsible for researching, analyzing, processing, verifying, and reconciling activity for assigned general ledger accounts. It is essential to develop and maintain strong working relationships with internal teammates such as Account Specialists, Relationship Managers, Finance, Legal and Audit teams along with the external lending institutions. This is accomplished by providing consistent high-quality service that is timely and accurate. It is crucial to work as part of a team in a collaborative team environment to provide excellent customer service to all the teams, individuals, customers and groups the Customer and Syndication Accounting Specialist supports. 

DUTIES AND RESPONSIBILITIES:

Essential functions of the position include, but are not limited to: 

  1. Loan Accounting-Perform day-to-day processing of loan accounting requests and transactions in expected time frames and according to documented policies and procedures including:
    1. Process payment application, funds disbursement, and rate setting transactions in LoanIQ and notify syndicate members and sold participations of transactions. Sending and receiving wires while meeting posting deadlines. As needed, research discrepancies and perform interest calculations using various accrual methods to validate correct accruals.
    2. Book new borrowers, credit facilities, loans, letters of credit and fees in LoanIQ. Review and interpret loan documents (i.e. participation certification, credit agreements, promissory notes, legal documents). Coordinate closely with Account Specialists to ensure accuracy of information entered.
    3. Complete ongoing customer, credit facility, and loan level maintenance in LoanIQ for all originated, syndicated, participated, internal traded, USDA, and foreign funded loans and letter of credits 
    4. Daily Settlement – Process daily settlement activity with lending partners including reconciliation of settlement statements. Ensure accurate settlement and balance information is shared with lending partners. Timely processing of incoming and outgoing wires. In instances of discrepancies, perform in-depth analysis ensuring timely and accurate settlement resolution with lending partners. Process monthly pricing index changes and communicate changes to lending partners. 
    5. Reconciliation – Reconcile loan clearing accounts to ensure proper application of funds. Monitor, reconcile, and coordinate the necessary entries to maintain assigned general ledger accounts. This includes investor general ledger accounts for direct customer sold activity (syndicated and participated), along with general ledger accounts for Agribusiness Capital and Retail Commercial Lending for both Farm Credit Services of America and Frontier Farm Credit. 
    6. Quality Control – Audit and verify other teammates’ processed activities to ensure accuracy, adherence to procedures, and internal controls maintained within the Loan Accounting System. 
    7. Reports – Review daily activity reports; follow up with appropriate team members and process any necessary corrective transactions. Responsible to monitor exception reports and take appropriate action to clear exceptions. 
    8. Internal and External Relationships – Establish and develop strong relationships with Account Specialists, Relationship Managers, Finance teams, Legal and other lending institutions by providing a consistent quality level of service that is timely, thorough, and responsive to the needs of the customer. Frequent contact with other lending institutions to share customer balances and to reconcile differences is required. 
    9. Other Related Duties-Writing and review of team procedures, patronage processing, participating in workgroups, training teammates, backup coverage,

      Additional functions of the position may include:

      1. Performs other related duties as assigned. 

        JOB SPECIFICATIONS:

        Two year degree in Accounting or related field, and 3 to 5 years related experience, or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions. Duties require: 

        • Extensive working knowledge of the credit process
        • Knowledge of Association credit policies, procedures, standards and guidelines
        • High level of accuracy and attention to detail
        • Strong human relations, written and oral communication skills
        • Proficient in Windows environment using Microsoft Word, Excel, and Internet Explorer
        • Loan experience specific to complex commercial lending portfolios
        • Working in a loan accounting system 

          MENTAL AND PHYSICAL REQUIREMENTS:

          • Ability to understand and use loan accounting system and receipt and disbursements system, and additional computer systems and software applications
          • Ability to understand Agribusiness Capital and Retail Commercial Lending account portfolio
          • Ability to understand and perform interest calculations using various accrual methods
          • Ability to appropriately handle highly confidential materials and reports
          • Ability to initiate, organize, and prioritize work.
          • Ability to work effectively in a team environment and effectively demonstrate team building attitude and skills
          • Ability to operate a computer and related peripheral equipment, telephone, laser printer, copier, fax machine and calculator proficiently, and perform repetitive motions for extended periods of time.
          • Provide sound technical advice to clients in the subject field(s) related to this position.
          • Ability to complete work in acceptable time-frame and manage a variety of detailed tasks and responsibilities simultaneously and with accuracy to meet deadlines, goals, and objectives and satisfy internal and external client needs related to the job.
          • Ability to maintain a filing system by sorting, indexing and collating information.
          • Move from one location to another within the general office to utilize support services, use copiers and printers, accesses storage areas, file materials, and communicate one-on-one with team members and visitors.
          • Ability to move about the office with occasional lifting, reaching and bending.
          • Ability to sit for long periods of time to accomplish work at desk.
          • Ability to operate telephone and respond to calls and take messages as required.
          • Ability to reason, judge, compare, calculate, evaluate, decide, and critique such information as written material, numerical data, responses to customer needs, and/or other related work activities. 

            Requirements of the job include the ability to do the work, with or without reasonable accommodations. It is the Association's policy to make reasonable accommodations for individuals with disabilities. Leadership retains the right to add, subtract or change duties of the position at any time. 

            This document does not create an employment contract, implied or otherwise, other than \"at will\" employment relationship.

            We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Categories

Industry

  • Banking / Finance
Posted: 2020-01-09 Expires: 2020-02-08

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Customer & Syndication Accounting Specialist

Farm Credit Services of America
Omaha, NE 68137

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