The Loan Accounting Officer oversees and ensures completion of various phases of the Bank’s Loan Accounting and Allowance for Credit Losses (ACL) model and related documentation and reporting requirements. Current Expected Credit Losses (CECL) is an accounting standard that estimates allowances for credit losses.  

Essential Job Duties and Responsibilities

• Calculating and documenting the quarterly ACL in conjunction with the Credit Risk Department.
• Monitoring of the lending software in accordance with the ACL policy.
• Input and output validations of ACL model data.  
• Prepare reconciliation of Sageworks model data to the general ledger.
• Work with lending software and/or internal resources to update loan data feeds into the model and process data changes to the model. 
• Charge-off and recovery reconciliation and reporting.
• Shadow accounting reconciliation.
• Prepare loan and ACL footnotes/tables for Forms 10-K and 10-Q.  
• Prepare loan and ACL-related schedules for the CALL Report.
• MSR accounting for SBA and Residential loans.
• Monthly review of prepayment penalties and miscellaneous loan income.
• Accounting for the sale of SBA loans.
• Accounting for flow and pool loan sales.
• Research loan non-posted transactions.
• Non-Performing and Past Due Loan Reporting and Reconciliation.
• Reconciliation of the loan trial balance, reconciliation of sub-servicer, and various loan G/L Accounts.
• Reconciliation of forbearance interest.
• Yield/income and expense variance analysis.
• Participate in ACC meetings.
• Assist internal and external auditors with loan and ACL-related audit inquiries as well as outside Consultants involved in loan and ACL activities.
• Write and update loan accounting and ACL policies and procedures.
• Other duties as assigned by the Chief Accounting Officer or Controller.