Loan Accountant

Life at Amplify

As a growing, tech-focused credit union, Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reason we’ve been named a Top Workplace by the Austin American-Statesman six years in a row. We’re also proud to say that we’re the only full-service financial institution that doesn’t have deposit fees of any kind. We’re looking for teammates who are inspired by our mission and ready to grow their careers. As they do, our employees can expect Amplify to uphold our commitments to culture, community, inclusion, and more.

Position Summary

The Loan Accountant performs duties pertaining to loan activity and investor transactions, accounting entries, reconciliations, and related tasks. This role generally focuses on responsibilities regarding reconciliations of GLs used by the accounting and lending departments and for the investor relationships entered into by Amplify. This position monitors and analyzes loan operation financial activity and works across departments as necessary to understand, reconcile, communicate, and account for related transactions.

RESPONSIBILITIES include the following. Other duties may be assigned.

• Prepares daily, weekly, and monthly reconciliations of loan related general ledger accounts to ensure transactions are processed and recorded correctly by the lending teams

• Analyzes and prepares monthly bank reconciliations of various Clearing and Investor Custodial bank accounts

• Works closely with the lending teams to resolve any outstanding reconciling items on general ledger and bank reconciliations

• Reconciles and posts journal entries for Investor loan sales and purchases

• Prepares and posts month-end journal entries and updates monthly reports within the monthly close schedule timeline

• Analyzes and researches any loan balance differences between our core system (Fiserv DNA) and the General Ledger

• Assists with gathering and providing requested documentation for internal and external auditors

• Cross-trains in other areas of the accounting department to assist with other daily reconciliations, entries, and tasks

• Prepares and updates SOP (Standard Operating Procedures) documentation

• Participates in department projects, as assigned

• Upholds credit union policies and procedures and champions organizational culture both internally and externally

Supervisory Responsibilities                                             

This job has no supervisory responsibilities.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience                                            

Associate’s degree in business-related field or a minimum of 2 years of business experience, or equivalent combination of education and experience.  Requires some previous accounting/financial experience. Preference given to candidates with working knowledge of and practical experience with credit union or other financial institution operating areas, functions, products and services.

Certificates, Licenses, Registrations

Must be bondable.     

Software and Equipment Requirements 

To perform this job successfully, an individual should have knowledge of Fiserv DNA or other loan servicing software. This role also requires working knowledge of Microsoft Office with an emphasis on Excel that includes vlookup, pivot tables, etc.

Must have reliable internet access of 50MBPS which is the minimum speed required to connect to several of our systems and platforms.

Other Qualifications

Must have a strong understanding of GAAP accounting and financial statements, be able to perform tasks in accordance with Credit Union standard operating procedures and possess a working knowledge of certain Financial Accounting Standards Board pronouncements (FASB), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), relevant government regulations, and NCUA accounting procedures. Must work independently and effectively manage multiple projects simultaneously in a deadline-driven environment. Must possess excellent communication skills to proactively raise concerns and issues with the Accounting Manager.

What We Offer

To build a better bank, you must build a better team. That’s why we’re committed to offering the best benefits to our team members. We want your time at Amplify to be a jumping-off point for personal and professional success, and this means offering benefits – including paid volunteer hours and development programs – that will engage your role in our community.

• Medical, Dental, and 401(k) programs for team members.

• Customized volunteer opportunities with our signature partners (Saint Louise House).

• Additional paid time off for volunteer-related activities.

• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members.

Location

This position is eligible to work fully remote from the following states: Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, Wisconsin.

Starting Pay & Benefits

This position offers an hourly rate of $22.84-$34.26, depending on experience. It also entails the benefits available to all Amplify employees.

Team Member Testimonials

Read about some of your potential coworkers and why they enjoy working at Amplify. Or check us out on Comparably.

Amplify is an Equal Employment Opportunity Employer, seeking people from all backgrounds, life experiences, and world views. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.