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.

How we support you:

• Hybrid model – up to 50% work from home


• Flexible schedules including ample flexibility in the summer months


• Up to 9% towards 401k (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 .

Where you will work: 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.

The contributions you will make: 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.

A typical day:

• 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 (Risk Asset Unit0) 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 AgriBank/SunStream 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/after a participated loan is closed. Assists with providing guidance on how to account for the participated loan.


• Communicate and respond to AgriBank/SunStream 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 interprets the report information.


• Creates various spreadsheets for data input and calculations and processes corresponding macros, when necessary.


• Verifies transaction entries to ensure accuracy in the accounting system database. Creates documents and forms for Loan Accountings internal use.


• Authors department information on the Compeer Financial Intranet site as needed.


• Researches and recommends process improvement and efficiencies within the department and Compeer Financial.


• Documents department policies, procedures and processes.

The skills and experience we prefer you have:

• Bachelor’s degree in accounting, finance or related field; or equivalent.


• Minimum of 3 years related work experience required, preferably in the financial services industry.


• Knowledge of accounting principles.


• Strong, proven interpersonal communication, client service and team skills.


• A high degree of accuracy, strong attention to detail, strong analytical skills, ability to problem solve, ability to meet deadlines, and ability to work independently required.


• Intermediate computer skills including MS Office applications (Word, Excel, Access, Outlook, etc.) and other related accounting software applications.


• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.


• Valid driver’s license.

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How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

Base Pay

$50,900 - $72,100 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.