Loan Accounting Officer

ABOUT US:

Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a full-time Loan Accounting Officer. 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.

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.

Education and Experience

• Minimum of 3-5 years related work experience.

Skills and Abilities

• Advanced PC, Network, Excel, Microsoft Word, and data management skills are required.
• Strong knowledge of GAAP, SEC, and regulatory reporting requirements as they relate to loans and the allowance for credit losses.
• Ability to work independently, self-starter.
• Good oral and written communication skills are required to interact with Management, employees, auditors, and vendors.
• Strong attention to detail and commitment to accuracy, integrity, and ethical behavior at all times.

OUR BENEFITS:

• Medical, Dental, and Vision (including HSA, FSA & Commuter Benefits)
• Company-paid benefits to include life insurance and AD&D plus long-term disability
• Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse, and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance, and Legal Services)
• Supplemental Health Benefits (including Accident Insurance, Hospital Indemnity Insurance, and Cancer Care)
• Retirement- 401(k) with Company Match
• Paid Personal Time Off (PTO) & Paid Company Holidays
• Annual Bonuses
• Annual Increases
• Employee Events and Contests

Salary: $80,000 - $100,000; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.