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Business Line Accountant - Lending

Company: First Mid Bank & Trust
Location: Mattoon
Posted on: September 17, 2022

Job Description:

Responsible for various accounting responsibilities within the loan servicing department including reporting and exception tracking of lending activities surrounding the Bank's Commercial and Consumer loan portfolio. Responsible for providing expertise and escalation resolution to the loan servicing department, branches, customers, and loan officers.Responsibilities include, but are not limited to:

  • Performs various accounting functions as assigned in accordance with internal controls, procedures, bank lending policies and banking regulations. Ensures customer and financial transactions are accurately recorded.
  • Manages the Bank's portfolio of Participation loans processing payments and advances, reconciling accounts to lead bank reports, and supporting participation sold activity and reporting to/from participant banks.
  • Responsible for ensuring the Bank's credit bureau reporting is accurate, exceptions are analyzed and cleared. As well as works all disputes to ensure they are resolved within the appropriate timeframes.
  • Reconciliation of various reports/systems including non-posted transactions/ACH transactions, exception reports, etc. Researches, analyzes, and resolves exceptions.
  • Monitors and verifies adequate flood insurance coverage is maintained on all properties in a current flood zone in compliance with current regulations. Calculates required flood coverage by property and monitors changes in flood maps to ensure the Bank is covered for potential losses.
  • Handles complex account maintenance and transactions, including reversals, port merges, non-accrual loans, charged-off loans, Repossessed collateral.
  • Identifies, researches, and resolves complex issues that do not have established guidelines determining correction action and guiding the Loan Servicing Staff on processing corrections. Works with core vendor to determine solutions. Shares knowledge of resolution with the staff to further their loan servicing knowledge.
  • Identifies customer bankruptcy filings, ensuring the system is updated to ensure compliance with bankruptcy laws. Works with attorneys as appropriate to ensure legal notices are provided in a timely manner.
  • Maintains full, in-depth knowledge and is highly skilled in all areas of loan servicing and loan operations. Participates in training for staff. Knowledgeable on local, state, and federal regulations affecting Loan Servicing.
  • Completes required training associated with job functions.
  • Performs other related duties as assigned.QualificationsEducation/Experience:
    • Associates degree in accounting required; Bachelor's is Business preferred
    • 2+ years of bank or accounting experience preferredSkills:
      • Professional level of knowledge of accounting.
      • High level of interpersonal skills to effectively communicate issues to employees, management, and outside vendors.
      • Good analytical skills to analyze financial and procedural data and design workflows and procedures.
      • Adequate knowledge of internal policies and procedures and any respective laws and regulations governing accounting functions to ensure performance of job duties.
      • Proficient in Microsoft Office.
      • Thorough knowledge of loan operations, servicing, and regulations.First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENTHP123LP-POST

Keywords: First Mid Bank & Trust, Decatur , Business Line Accountant - Lending, Accounting, Auditing , Mattoon, Illinois

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