Loan Accountant

Job Title:  Loan Accountant - Chatsworth

Overview:

The Loan Accountant is responsible for the accounting, reconciliation, financial reporting, and control activities associated with the loan portfolio. The position supports a diversified portfolio consisting of consumer loans, commercial and commercial real estate loans, loan participations purchased and sold, and loans originated for sale through secondary-market channels.

This position serves as a key liaison between Accounting, Lending, Loan Operations, Credit Administration, Secondary Marketing, Investments/ Treasury, and Financial Planning & Analysis and is responsible for ensuring that loan-related transactions are accurately recorded in accordance with US GAAP, regulatory reporting requirements, policies, and established internal controls.

The role also provides accounting and analytical support for CECL, delinquency and nonaccrual reporting, loan modifications, charge-offs and recoveries, deferred loan fees and costs, secondary-market activity, and investment accounting; also helps safeguard the organization’s financial integrity by ensuring loan transactions are recorded accurately, account reconciliations are completed timely, and exceptions are researched and resolved.

What You Will Do:

• Loan Accounting and Reconciliation: Record, review, and reconcile loan transactions, including payments, disbursements, adjustments, accruals, and related account activity, to ensure accuracy, completeness, and compliance with internal policies and applicable requirements.
• Financial Reporting: Prepare and support monthly, quarterly, and annual reporting deliverables, including loan activity reports, interest schedules, aging reports, reconciliations, and supporting documentation for management review.
• Regulatory Compliance: Support compliance with accounting standards, internal controls, company policies, and applicable regulatory requirements by maintaining accurate records and providing documentation for audits, examinations, and reviews.
• Exception Management: Research, investigate, and resolve loan-related discrepancies, variances, system exceptions, and reporting errors in a timely manner, escalating complex issues as appropriate.
• Cross-Functional Collaboration: Partner with Lending, Loan Operations, Accounting, Accounts Payable, and other internal teams to support accurate loan servicing, timely issue resolution, and efficient accounting processes.
• System and Process Support: Assist with loan accounting system maintenance, testing, enhancements, and process improvements to ensure systems and workflows support business needs, reporting accuracy, and control requirements.