Loan Accounting Analyst

Responsibilities

• Reconcile payment activity, research and resolve discrepancies, and correct misapplied or returned payments.
• Prepare, balance, and maintain daily reports, payment batches, and transaction records for audit and compliance.
• Communicate with borrowers, branches, and internal teams to resolve payment issues and account inquiries.
• Apply loan payments to customer accounts with accuracy and attention to detail.
• Ensure all payment processing and account adjustments comply with company policies and applicable regulations (e.g., FDCPA, Fair Credit Reporting Act).
• Assist with payoff requests, payment adjustments, and loan modifications after securing required approvals.
• Maintain borrowing base loans and related ticklers, and review and approve advances for construction loans and reserve accounts.
• Prepare and review payoff quotes for commercial and business loans.
• Analyze loan-related general ledger accounts and prepare monthly fee income reports.
• Execute system maintenance, post special transactions (charge-offs, OREO, etc.), and verify outgoing loan-related wires.
• Conduct reporting and transaction processing for consumer loan collection agencies and SBA-guaranteed loans.
• Generate and analyze ad-hoc and scheduled reports.
• Utilize RPA tools to automate repetitive tasks and monitor process accuracy.
• Participate in process improvement initiatives and projects to enhance loan operations.
• Complete monthly training in a timely manner to ensure knowledge of bank regulatory requirements, policies, and procedures.