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Syndicated Loan Accountant

GreenStone Farm Credit Services
Posted 2 months ago, valid for 17 days
Location

East Lansing, Ingham 48826, MI

Salary

Competitive

Contract type

Full Time

Wellness Program

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Sonic Summary

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  • We are looking for a Syndicated Loan Accountant to join our Loan Accounting team, focusing on syndicated lending transactions such as disbursements and payments.
  • The position requires at least 1 year of experience in accounting or loan operations within a financial institution, with a preference for candidates having 3 or more years of experience.
  • The role involves coordinating with internal and external loan participants, managing complex loan terms, and ensuring accurate pricing.
  • GreenStone offers a competitive Total Rewards package, including 15 vacation days, 12 sick days, and a 401(k) plan with up to a 9% employer match.
  • Join a company that values customer service, teamwork, and professional development, while working in a relaxed environment with flexible schedules.

We are seeking a Syndicated Loan Accountant to join our Loan Accounting team. This role provides direction on syndicated lending transactions, including disbursements, payments, and fees. You will use strong customer service skills to coordinate with internal and external loan participants on funding activity, while managing pricing changes on syndicated loans.

 

Get to know GreenStone

Our $15 billion portfolio of customers, ranging from rural homeowners to global agriculture and food businesses, provides our employees with a unique opportunity to maintain a local presence while working for a top workplace. Our diverse business structure provides exciting opportunities for passionate, talented professionals in many areas. Additionally, many of our team members are highly respected in their area of expertise at both the state and national level making GreenStone one of the top Farm Credit associations in the country.

 

Culture

 

Core Four values steer everything we do at GreenStone. Customer First, Deliver Quality, Get involved, Do the right thing. Employees work as a team to create a company fueled by the desire to best serve each other and our customers every day. Greenstone culture promotes innovative thinking, professional development, health and wellness, and a relaxed work environment with flexible schedules.

 

What can we offer you?

 

GreenStone trusts the people we hire. We empower employees to make the best decisions for the customer and the company.

 

GreenStone has an outstanding Total Rewards package, which includes, but is not limited to:

  • 15 vacation days, 12 sick days, and 12 paid holidays per year
  • 16 hours of volunteer time
  • Paid parental leave
  • 401(k) plan – up to a 9% employer contribution/match
  • Medical, Dental, Vision, STD, LTD, Life/AD&D benefits, etc.
  • $150/year Logo Wear allowance
  • $400/year Wellness Subsidy/Reimbursement & wellness programs
  • $6,000 lifetime maximum Student Debt repayment program
  • Yearly bonus/incentive opportunity available to all benefit eligible employees

 

Key Responsibilities

 

Funding

  • Process timely funding, payments, and fees for syndicated loans.
  • Review reports and resolve delinquencies or exceptions.
  • Coordinate with participating banks on funding activity.
  • Handle complex foreign fund transactions.
  • Serve as a subject matter expert for internal accounting inquiries.

 

 

Loan Participant Servicing

•            Manage requests and inquiries for loans typically greater than $5M with complex terms.

•            Review and interpret loan agreements to accurately book syndicated loans.

•            Ensure correct loan pricing to maximize internal spreads.

•            Perform quality control for new loans and modifications.

•            Research and reconcile loan issues with internal and external parties.

•            Provide operational support to commercial banks, farm credit associations, and loan participants.

•            Conduct daily reconciliation of general ledger participation accounts.

•            Respond to complex inquiries regarding syndication servicing and GL research.

 

Qualifications

 

Education

  • HS diploma or equivalent is required
  • Bachelor’s degree preferred, majors include Business Administration, Economics, Finance, or Agricultural Business.
  •  

 

Experience

1+ year of experience in an accounting, loan accounting, or operations at a financial institution is required.

3+ years of accounting loan accounting, or operations experience at a financial institution  preferred.

Experience with ACBS/CLS or other comparable high-end loan accounting system preferred.

 

Skills

•            Proficiency in Microsoft Office and financial systems.

•            Strong interpersonal and communication skills (verbal & written).

•            Ability to learn and adapt quickly to new processes.

•            Team-oriented with relationship-building skills.

•            High accuracy and efficiency in work.

•            Strong reading comprehension and deductive reasoning.

•            Solid foundation in accounting principles.

•            Knowledge of commercial lending, credit, risk, and funding terminology.

•            Critical thinking and sound accounting judgment.

 

GreenStone Farm Credit Services is an equal opportunity employer. It is our policy to provide equal employment opportunity to all persons regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, genetic information, or any other characteristic protected by law. We comply with all federal, state and local equal employment opportunity regulations. We conduct all personnel decisions and processes relating to our employees and job applicants in an environment free of discrimination and harassment.

 




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