What are the responsibilities and job description for the Senior Accountant (Onsite/Hybrid) position at AgriBank (St. Paul, MN)?
Position Overview
This Senior Accountant position provides support to AgriBank, SunStream, Foundations and Association accounting staff in regards to cash, general and wholesale loan accounting. Support includes monitoring and reconciling general ledger accounts, creating journal entries, resolving issues and other general accounting duties.
Job Functions*
Accounting & Planning Preparation
Wholesale Loan Processing
This Senior Accountant position provides support to AgriBank, SunStream, Foundations and Association accounting staff in regards to cash, general and wholesale loan accounting. Support includes monitoring and reconciling general ledger accounts, creating journal entries, resolving issues and other general accounting duties.
Job Functions*
Accounting & Planning Preparation
Wholesale Loan Processing
- Processes and reconciles daily cash settlements for clients off-loan accounting and GL systems
- Reconciles clients cash clearing accounts ADBs and ensure remains within threshold
- Adjustments are made to ensure interest expense calculation on wholesale loan is accurate
- Creates wholesale loan records and inputs maintenance on commitment details in loan accounting system
- Calculates MCD rate for wholesale loan and updates system as appropriate
- Notifies stakeholders of changes to wholesale notes as needed
- Processes wholesale and retail fees
- Administration of reconciliation system
- Assists team members on Bank balancing system
- Monitors and reconciles assigned accounts on daily, weekly and/or monthly basis
- Identifies, researches, and resolves reconciling items, escalating items to achieve resolution
- Contacts clients or other Bank departments to gather information to resolve issues
- Prepares and submits journal entries to correct items discovered in reconciling duties
- Provides guidance to team members on cash account reconciliation
- Performs weekly reconciliation of Wholesale loan disbursement account
- Resolves issues with Bank and clients, follows up on outstanding issues to ensure timely and accurate resolution and compiles and distributes quarterly outstanding check registers to clients
- Prepares and calculates significant and/or complex accounting processes for AgriBank and associations
- Performs and participates in training for new/promoted team members and new/revised processes, as needed
- Prepares reporting calendar and daily/weekly/monthly tasks and proposes timelines required to meeting reporting and daily deadlines
- Coordinates requests from Bank departments, auditors and other third parties
- Reviews requested deliverables from Bank departments, auditors and other third parties
- Prepares and submits requested information to Bank departments, auditors and other third parties
- Executes test plans
- Maintains and updates documentation on assigned procedures
- Reviews processes and recommends improvements
- Leads process improvement efforts as SME
- This job description is subject to change without notice.
- Advanced knowledge of accounting including general ledger entries, accounts payable, accounts receivable, fixed assets
- Advanced knowledge of loan accounting, cash operations, general ledger practices, and internal controls
- Intermediate knowledge of financial reporting standards and processes and GAAP
- Basic knowledge of FCA reporting regulations and requirements
- Advanced proficiency in Microsoft Office Suite, general ledger/accounts payable systems, and reconciliation systems
- Intermediate proficiency in enterprise performance management (e.g. EPM)