Agribusiness Loan Accountant
Ag Credit

Job Info

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JOB DESCRIPTION

Agribusiness Loan Accountant, Wellington, OH

About AgCredit

Our mission at AgCredit is to create lifelong opportunities for our customers and employees by striving to be the premier cooperative lender and employer in our rural communities. Our core values focus on relationships, respect, integrity, service, accountability, teamwork and courage for our customers' and employees' success. As a cooperative agricultural lending institution, our commitment is to our customer-owners.

Headquartered in Fostoria, OH, AgCredit serves over 7,000 member-owners in 15 lending offices throughout 18 counties across northwest and central Ohio. As part of the nationwide Farm Credit System, we are proud to return our profits back to our members through our patronage program. We hope you'll consider joining our experienced lending team as we continue to serve our customers, employees and communities.

Agribusiness Loan Accountant, Wellington, OH

Perform essential duties to maintain detailed and accurate loan accounting records, data and reports for the Agribusiness Department. Provide administrative support to the Agribusiness lending team through loan origination, bond purchases, participations & syndications, servicing, and reporting. Provide prompt and courteous customer service to internal and external customers. Assist with various other functions relating to the daily operations of the lending office.

Responsibilities

Executes all loan operations and accounting functions including but not limited to: books loans to the loan systems; executes rate lock-in closings; maintains loan and member data on the loan and member systems; processes receipts and disbursements; calculates loan payoffs; processes daily transactions; and coordinates loan transactions with loan investors as needed.

Primarily responsible for the Agribusiness department's member and loan data integrity:

• Reviews and monitors loan system data;
• Works with the Agribusiness team members to maintain accurate member data, including but not limited to Customer Relationship Manager (CRM);
• Compiles, reviews, and submits loan system and member data reports as required and in a timely manner;
• Follows the loan accounting calendar of duties;
• Processes needed changes to member and loan system data;
• Performs post-closing loan verification processes for originated and purchased loans;
• Complies with special information requests as needed.

Performs the Agribusiness department's cash management, daily banking, GL accounting, accounts payable processing, and asset management functions.

Generates and reviews member, syndicate, participant, and bond-related billing notices and monitors accounts receivable.

Primarily responsible for transmitting loan documents to loan investors:

• Coordinates with the Agribusiness Loan Processor to transmit relevant pre-closing loan documentation to potential loan investors in a timely manner;
• Ensures loan and servicing documents are transmitted to loan investors as appropriate and in a timely manner and responds to inquiries by loan investors related to loan documentation.

Primarily responsible for the Agribusiness department's loan and bond legal documents post-closing:

• Collaborates with the Agribusiness team members to obtain all loan action support documentation and executed legal documents;
• Reviews loan and bond legal documents post-closing to ensure correct execution;
• Takes steps and coordinates with Agribusiness team members as needed to correct any identified deficiencies or errors in loan legal documents in a timely manner;
• Scans and maintains all loan and bond documents in the Association's loan file systems and updates, as appropriate, the scanning log.
• Coordinates with the Agribusiness Loan Processor to ensure all documents are available to be transmitted to loan investors as appropriate.

Collaborates with the Agribusiness Loan Processor to verify insurance coverage for loans and monitor insurance coverage on collateral.

Performs public record searches and provides results in a timely manner to the Agribusiness team members for review.

Reviews periodic operations and credit-related reports and implements corrective action as needed in a timely manner.

Compiles Agribusiness department loan servicing reports as needed, including but not limited to delinquency lists and loan pricing reports, and distributes the reports to the Agribusiness lending team. Assists the lending team in follow-up action as needed.

Completes all periodic guaranteed loan and bond activity reporting in a timely manner and in accordance with the guaranteeing agency's guidelines.

Coordinates the Agribusiness department's crop insurance program and assists external crop insurance providers as needed.

Files or verifies filing of vehicle liens as required by loan procedures to ensure the Association's lien position and ability to collect each loan.

Provides general clerical and administrative support to Agribusiness team members including but not limited to answering phones.

Assists and provides back-up support to the Agribusiness Loan Processor as needed in areas including but not limited to: scanning and maintaining purchased loan documents; loan collateral management; transmitting documents to loan investors; maintaining loss payables and servicing reminders; and public records searches.

Efficiently handles the position responsibilities to enhance the financial performance of the Agribusiness department and the Association.

Performs other duties as assigned.

Knowledge, Skills and Abilities

• Two-year degree in Business, Accounting or related field and two years of account-related work experience OR high school graduate with four years of accounting-related work experience.
• Working knowledge of and experience with general accounting functions, loan documents and legal documents.
• Ability to work independently and effectively with a diverse group of people under general supervision.
• Demonstrates attention to detail.
• Ability to communicate effectively both orally and in writing.
• Use of discretionary judgment in making decisions and problem solving.
• Working knowledge of general business machines, i.e. PC, Calculator, copier, fax, etc.
• Working experience with Microsoft Office products.
• Knowledge in the area of agriculture is beneficial.
• Knowledge of grammar, spelling, punctuation, and formats to recognize and correct correspondence and reports.

Benefits Offered

• Competitive compensation
• Top-rated benefits program
• 401k Plan with company match
• Tuition reimbursement, sponsored training and career development opportunities
• Generous paid time off with 11 holidays observed
• Employee Assistance Program
• Community Service PTO
• "Dress for your day" dress code

Schedule

• Monday to Friday, 8:00am-4:30pm

Diversity Statement / EEO Statement

We are an Equal Opportunity/Affirmative Action Employer. AgCredit strives to recruit, hire, train, and promote individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, parental status, marital status, political affiliation, military service, or any other non-merit based factor. EOE including disability/veterans.

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