Loan Accountant

Empowered to live. Inspired to work.

Compeer Financial is a member‑owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401(k) (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short‑term and long‑term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Mentorship programs
• Cross‑functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state‑mandated programs.

To learn more about Compeer Financial visit

This position offers a hybrid work option up to 50% remote and is based out of the IL‑Bloomington; MN‑Lakeville; MN‑Mankato; WI‑Sun Prairie; WI‑Prairie du Sac office locations.

This position services Compeer Financials' internal and external clients by providing accounting services in an assigned area, to include loans and leases, by analyzing requests and creating accounting system entries using appropriate procedures and accounting principles. Ensures a high degree of accuracy and exceptional service. Serves as a knowledge and technical resource to other team members with regard to accounting processes in assigned area.

• Analyzes and creates accounting system entries using the appropriate procedures and accounting principles for basic to moderate transactions:
  • Sets up new loans and assists in client billing and/or statement monitoring and maintenance.
  • Assists in loan/bond accounting issue resolution.
  • Assists with setting up service, monitoring and maintenance of specialty programs.
  • Calculates, monitors and conducts maintenance for various accounting fees.
  • Creates daily general ledger entries.
  • Monitors and processes exception journal and unposted items.
  • Processes incoming and outgoing wires for assigned accounts, as well as loan/bond pricing maintenance.
  • Processes specialized RAU loan/bond servicing requests for assigned branches.
  • Processes 1098/1099‑INT tax reporting items.
  • Collaborates with FSO, closures and credit team in setting up participated loan terms to function within the accounting systems.
  • Processes payments and disbursements utilizing wires and other forms of fund transfers.
  • Works with Agri Bank/Sun Stream to process hedge requests and foreign funding.
  • Administers ACH and wire template setup and maintenance.
  • Monitors credit line rejects, stop payments, duplicates and sequencing.
  • Administers NACHA upload and releases.
• Provides technical support for Compeer Financial team members and/or vendors regarding issues with assigned accounting function (loan/lease, or GL clearing account transactions), in accordance with department and organizational policies and procedures.
• Works closely with team members to ensure issues are resolved in an accurate and timely manner to minimize potential client concerns.
• Assists outside Financial companies before and/or after a participated loan is closed. Assists with providing guidance on how to account for the participated loan.
• Communicates and responds to Agri Bank/Sun Stream regarding transactions and system requests, via email or portal.
• Participates in fraud monitoring and resolution.
• Performs AP check printing and EFT releases.
• Monitors assigned loan exceptions.
• Utilizes reports to identify and correct errors.
• Monitors loans to ensure payments and advances are applied accurately and rates are correct.
• Identifies trends and/or…