Loan Accounting Analyst

Loan Accounting Specialist

This position is National Remote. You'll enjoy the flexibility to telecommute from anywhere within the U.S. as you take on some tough challenges. For all hires in Minneapolis, Virginia, Maryland, or Washington, D.C. area, you will be required to work in the office for a minimum of four (4) days per week.

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

This position is full time. Employees are required to have flexibility to work any of our 8-hour shift schedules during our normal business hours of 8:00 am - 5:00 pm MST with flexibility to adjust hours based on business needs. It may be necessary, given the business need, to work occasional overtime.

We offer weeks of paid training. The hours of the training will be during normal business hours.

Primary Responsibilities:

• Accurately manage and process all loan-related transactions, including funding, payment processing, draws, and disbursements. Ensure the precise handling of complex transactions, such as stub interest, origination fees, and principal balances, within our Loan Accounting System (LAS)
• Receive and review funding documentation from the Closing team via AdobeSign, ensuring all necessary documentation (Credit Approval Summary, Closing Statement, Wire Request/Instructions) are complete and accurate
• Collaborate closely with the Closing team to reconcile all payments and disbursements regarding the closing of loans housed within the Loan Accounting System (LAS)
• Validate the amounts to be distributed from loan proceeds, particularly when the commitment amount exceeds the original distribution. Ensure that initial transactions align with the expected loan balance and identify any additional available funds for future use
• Ensure the accurate reconciliation of Demand Deposit Accounts (DDAs) associated with our partners
• Responsible for ensuring the accuracy and accountability of all transactions. It is crucial that a high level of diligence and attention to detail are maintained, as each transaction directly impacts the financial integrity of our operations
• Adhere to all internal procedures/policies and external regulations, maintaining accurate and detailed records for audit and compliance purposes
• Assist senior team members with various accounting tasks and collaborate with other departments to ensure smooth loan processing
• Identify and suggest process improvements to enhance efficiency and accuracy in loan accounting. See it, Own it, Solve it, Do it (SOSD)

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• High School Diploma / GED
• Must be 18 years of age OR older
• 3+ years of experience in loan or general accounting
• 1+ years of experience in creating and documenting processes and procedures, with a focus on developing clear and effective methodologies and practices
• Experience in payment processing including leasing, syndications, mortgages, or other related financial products/services
• Experience with Microsoft Word (create correspondence and work within templates), Microsoft Excel (data entry, sort / filter, and work within tables) and Microsoft Outlook (email and calendar management)
• Ability to travel up to 10% of the time domestically for onsite meetings and other business-related needs
• Ability to work full time. Employees are required to have flexibility to work any of our 8-hour shift schedules during our normal business hours of 8:00 am - 5:00 pm MST with flexibility to adjust hours based on business needs. It may be necessary, given the business need, to work occasional overtime

Preferred Qualifications:

• Experience with SQL or Power BI
• Familiarity with loan management systems (LAS)
• Familiarity with commercial and consumer loan operations
• Basic knowledge of the necessary documentation and procedures to secure and perfect the bank's collateral
• Basic understanding of commercial and consumer lending regulatory and compliance components
• Reside within the state of Utah

Telecommuting Requirements:

• Ability to keep all company sensitive documents secure (if applicable)
• Required to have a dedicated work area established that is separated from other living areas and provides information privacy.
• Must live in a location that can receive a UnitedHealth Group approved high-speed internet connection or leverage an existing high-speed internet service.

Soft Skills:

• Proven excellent communication and interpersonal skills
• Proven ability to work in a fast-paced environment and manage multiple tasks simultaneously
• Strong attention to detail and accuracy

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The hourly pay for this role will range from $29.00 to $52.00 per hour based on full-time employment. We comply with all minimum wage laws as applicable.

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location, and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups, and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.