Loan Accounting Administrator

About Farm Credit Illinois 

Farm Credit Illinois (FCI) is an agricultural financial cooperative owned by more than 17,400 farmer, rural landowner, and agribusiness voting stockholders in the southern 60 counties of Illinois. Dedicated to Helping Farm Families Succeed, FCI provides competitive and flexible financing, crop insurance expertise, and Rural 1st® country life lending. FCI manages an $8 billion loan portfolio, sells 1.5 million acres of crop insurance coverage, and employs approximately 300 staff in the Mahomet headquarters and 14 regional offices. The U.S. Farm Credit System is a network of locally owned cooperatives supporting rural communities, farm families, and agriculture with reliable, consistent credit and financial services today and tomorrow. 

Why Join Us 

• Competitive compensation package. Grade and salary commensurate with experience, with an annualized base salary range of 65,000.00 - 85,000.00 plus a retention bonus opportunity. This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting. 

• Comprehensive benefit package includes 401(k) with 3% employer contribution and 6% employer match, vacation days, sick days, 13 paid holidays, parental leave, and volunteer leave, along with medical, dental, vision, and life insurance as further described at https://www.farmcreditfoundations.com/fcfbenefits/ 

• Professional development and career growth opportunities. 

• Opportunity to work for a reputable and community-focused financial institution dedicated to a positive, collaborative work environment that encompasses the association’s mission to serve our members and the agricultural industry as we strive to help farm families succeed 

The Role

The Loan Accounting Administrator supports regional offices, central office departments, and business partners by ensuring complete and accurate processing of loan accounting operations. This role processes loan transactions and maintenance requests, maintains the accuracy of member loan accounts throughout the life of the loan, and provides technical expertise to resolve a variety of loan accounting and operational issues.

This is a temporary position with an anticipated employment period of approximately 18 months.

What You Will Contribute

• Process complex loan accounting and maintenance transactions, including loan extensions, fund transfers, pricing adjustments, payment changes, amortizations, corrections, reversals, refunds, and maturity transactions.
• Maintain accurate member loan accounts by researching and resolving rejected or incorrect transactions, completing accounting entries, and reviewing transactions for accuracy.
• Provide technical support to regional offices and internal partners by answering loan accounting questions, troubleshooting issues, and recommending appropriate solutions and corrections.
• Monitor daily exception reports and loan activity to identify discrepancies, complete necessary corrections, and support accurate transaction processing.
• Reconcile assigned general ledger accounts by investigating imbalances, correcting over-disbursements and unposted transactions, and completing adjusting entries as needed.
• Support loan booking and ongoing account maintenance by verifying loan information, note execution, pricing adjustments, and special program requirements.Contribute to process improvements and operational effectiveness by participating in system testing, training, validation activities, special projects, and cross-functional initiatives.

Required Skills

•  General knowledge of Generally Accepted Accounting Principles (GAAP) and accounting principles, practices, and methods.
• Strong attention to detail with the ability to accurately process complex transactions, forms, documents, and financial information.
• Strong analytical and problem-solving skills with the ability to apply established processes and procedures to resolve loan accounting issues.
• Proficiency with Microsoft Office applications and the ability to learn and consistently apply specialized loan accounting systems and processes.
• Effective organizational, teamwork, and communication skills with the ability to gather information, manage detailed work, and collaborate with internal and external customers.

Minimum Qualifications

•  Bachelor’s degree in business, accounting, agriculture, or a related field.
• Minimum of 3 years of experience in accounting or bookkeeping.
  • Or equivalent education, experience, and skillset sufficient to perform the essential functions of the job

Farm Credit Illinois is an Equal Employment / Affirmative Action employer. We do not discriminate in hiring based on any characteristic protected by law.

If you need a reasonable accommodation during any part of the employment process, please contact careers@farmcreditIL.com. Requests will be reviewed on a case‑by‑case basis.