Senior Loan Accountant

Job Description

Job Description

Summary: 

The Senior Loan Accountant is responsible for the accurate accounting, reconciliation, analysis, and reporting of the Company’s residential and commercial loan portfolios. This position uses SBO as the primary loan subledger and system of record for key loan-level data and Abrigo Sageworks to support allowance for credit loss calculations.

The ideal candidate is a dependable, hands-on team player with strong potential for professional growth. This individual should be motivated to learn the loan accounting function from the ground up, willing to perform detailed processing work, and eager to take on greater responsibility as their knowledge and capabilities develop. Success in this role requires intellectual curiosity, initiative, sound judgment, flexibility, and a commitment to accurate and timely work.

Essential Job Duties & Responsibilities (Include but are not limited to):

• Maintain accurate loan balances, payment activity, accrual status, interest calculations, and other loan-level data in SBO.
• Process and reconcile residential and commercial loan servicer remittances.
• Prepare accrual and nonaccrual adjustments and perform related loan yield analysis.
• Record and reconcile loan charge-off recoveries and related allowance activity.
• Analyze loan- and portfolio-level data to identify trends, exceptions, data-quality concerns, and unusual activity.
• Use Excel, SQL queries, and other reporting tools to extract, validate, reconcile, and analyze data from multiple systems.
• Research accounting guidance and company policies applicable to loan-related transactions and document conclusions.
• Support monthly and quarterly allowance calculations using Abrigo Sageworks, including data validation, reconciliations, and review of results.
• Prepare journal entries, supporting schedules, and documentation for month-end and quarter-end reporting.
• Provide information and supporting documentation requested by management, auditors, and examiners.
• Support internal controls, system implementations, data validation, and procedure documentation.
• Provide backup support to other team members and perform recurring transaction processing as needed.

Qualifications (Education, Experience, Computer Skills, Certifications, Etc.):

• Bachelor’s degree in accounting, finance, or a related field.
• Strong accounting background with knowledge of journal entries, reconciliations, general ledger accounting, and financial reporting.
• Experience with loan accounting and familiarity with both residential and commercial loan products.
• Strong analytical, critical-thinking, and problem-solving skills.
• Ability to work with large or complex datasets and identify trends, exceptions, and inconsistencies.
• Proficiency in Microsoft Excel, including formulas, pivot tables, lookups, and data reconciliation.
• Experience with SQL or the demonstrated interest and ability to learn basic SQL coding and other analytical tools.
• Ability to research accounting guidance and apply it to loan-related questions.
• Strong attention to detail, organization, and written and verbal communication skills.
• Ability to balance recurring processing responsibilities with analytical and project-based assignments.

• Experience with SBO, Abrigo Sageworks, Power Query, or comparable systems is preferred. 
• Experience in a bank, loan servicer, or other financial institution is also preferred.

Benefits options include: 

• Medical, dental and vision coverage
• 401K with company match
• 11 paid holidays 
• Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
• Applicant may be eligible for annual discretionary bonus

No relocation assistance provided.

If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you. 

Beal Bank, Beal Bank USA, and their affiliates are Equal Opportunity Employers. Beal Bank, Beal Bank USA, and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.

All applicants have rights under federal employment laws. To view your rights and government notices on the Family Medical Leave Act (FMLA), the Equal Employment Opportunity (EEO) and the Employee Polygraph Projection Act (EPPA), please see the following Department of Labor links:  FMLA   EEO   EPPA

Notice to California Residents: Beal Bank, Beal Bank USA, Beal Service Corporation, Beal Nevada Service Corporation, CLMG Corp., and CSG Investments, Inc. may collect personal information about you as part of the job application or employment process. Please see the California Privacy Rights Act Policies at CPRA Policy, CPRA Policy | CLMG Corp, CPRA | CSG Investments CPRA Policy |  for details.