Job summary
Job post source
This job is directly from Farmer Mac
Job overview
The Analyst - Loan Accounting at Farmer Mac supports accounting, recording, and reporting for various loan portfolios, impacting investor and seller bank service.
Responsibilities and impact
The role involves reconciling payments, posting receipts and disbursements, processing monthly payments, performing bank reconciliations, monitoring delinquent loans, preparing reports, providing customer service, testing software, assisting audits, and staff training.
Compensation and benefits
The base pay range is $53,000 to $59,000 with a compensation philosophy aimed at attracting and retaining skilled talent; specific benefits are not detailed.
Experience and skills
Requires a bachelor's degree plus two years of mortgage accounting experience or equivalent, with skills in problem solving, attention to detail, customer service, communication, and advanced MS Office proficiency.
Work environment and culture
Farmer Mac emphasizes professionalism, reliability, and equal opportunity employment with a supportive and fast-paced work environment.
Company information
Farmer Mac is a financial institution focused on loan portfolios including USDA, Farm & Ranch, and Long-Term Standby loans, serving investors and seller banks.
Team overview
The position reports to the Senior Manager - Loan Accounting and USDA Operations and collaborates with IT, Operations, Accounting, Finance, Servicing, and Business Development teams.
Job location and travel
The job is based in Johnston, Iowa, with core hours Monday to Friday 8:00 am to 5:00 pm Central, with occasional extended hours for projects.
Unique job features
The role includes unique responsibilities such as managing USDA loan portfolios, interacting with multiple internal teams, and involvement in software testing and audit assistance.
Company overview
Farmer Mac, or the Federal Agricultural Mortgage Corporation, is a government-sponsored enterprise that provides a secondary market for agricultural real estate and rural housing mortgage loans. They make money by purchasing eligible loans from lenders, guaranteeing securities backed by these loans, and issuing debt to fund their activities. Established in 1988 under the Agricultural Credit Act, Farmer Mac plays a crucial role in enhancing the availability of credit in rural America, ensuring liquidity and stability in the agricultural lending sector.
How to land this job
Tailor your resume to emphasize your experience in loan accounting, mortgage reporting, and reconciliation, highlighting familiarity with servicing software and payment processing methods such as check, wire, ACH, and lockbox.
Showcase your strong organizational skills, attention to detail, and ability to manage multiple tasks efficiently in a fast-paced environment, along with your customer service experience and communication skills.
Apply through multiple channels including Farmer Mac's official corporate careers page and LinkedIn to maximize your application visibility and increase your chances of being noticed.
Connect with current employees in the Loan Accounting or USDA Operations teams at Farmer Mac on LinkedIn; start conversations by referencing recent Farmer Mac initiatives, asking about team culture, or inquiring how the role supports the USDA loan portfolio.
Optimize your resume for ATS by incorporating keywords from the job description such as 'loan accounting,' 'payment reconciliation,' 'USDA loan portfolio,' 'servicing software,' 'customer service,' and 'reporting' to ensure your resume passes automated screenings.
Use Jennie Johnson's Power Apply feature to automate applying across multiple platforms, personalize your resume for ATS, and identify LinkedIn contacts to network with, freeing you to focus on preparing for interviews and other job search activities.
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