AgWest Farm Credit is a member-owned financial cooperative that provides financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in a seven-state territory in the Western United States. AgWest is part of the 100+ year-old Farm Credit System – the leading provider of credit to American agriculture.
AgWest champions the growth and advancement of agriculture, the value of rural communities, and the vital contribution our customers make to the economy and society. We serve customers in 59 locations throughout the West.
We are in search of a Loan Accounting Specialist I or Loan Accounting Specialist II to join our Loan Accounting department in Spokane, Washington (Headquarters). This full-time position reports to the Manager, Loan Accounting and provides centralized operational and loan accounting support to monitor, analyze and service the organization’s loan portfolio.
After an initial in-office training period, this position is eligible for workplace flexibility and a one-time home office stipend. Employees are expected to continue working from their office location a minimum of 50% or 60% of the time depending on location.

JOB REQUIREMENTS

• Perform analysis and loan accounting for exceptions, reversals, corrections, account closures, and other maintenance as required.
• Review monitoring reports and take appropriate action to ensure loan accounting transactions and daily operations activities comply with loan terms, regulations, policies and procedures.
• Make accurate accounting entries for loan fees and costs.
• Process, analyze and balance daily payment functions of monetary receipts.
• Process disbursements for customers, including our purchased loan portfolio.
• Process funding requests, fees, and general ledger transactions; reconcile related GL accounts.
• Set up, review, and approve transfers to or from external bank accounts or loans as requested by customers.
• Correspond with external financial partners to obtain information, research discrepancies and coordinate accounting entries.
• Disperse work queue and group email requests appropriately within the team.
• Provide assistance and excellent customer service to internal and external stakeholders.
• Prepare detailed and organized work papers to support daily work and reconcilements.
• Participate in various projects as assigned, both within the department and in collaboration with other functional areas.
• Perform all duties and maintain all standards in accordance with company policies, procedures and internal controls.
• Other duties as assigned, including backup support to various team functions.

MINIMUM REQUIREMENTS

• Generally, requires one to two years’ experience with payment processing, accounts receivable, cash handling, banking, or other related experience.
• Ability to follow internal control procedures to prevent fraud deficiencies, mishandling of funds and monetary transactions.
• Demonstrated written and verbal communication skills.
• Ability to provide excellent customer service and timely, sound solutions for internal/external requests.
• Ability to problem-solve through effective use of procedures and understanding of systems reporting, internal controls and loan accounting.
• Knowledge of finance and accounting principles.

PREFERRED REQUIREMENTS

• Associate’s degree in accounting, finance, or related field, or an equivalent combination of education and experience.
• General understanding of credit related laws and regulations.

Please refer the Job description for details