Loan Accountant

About Us

Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands;
Capital Bank Home Loans and Open Sky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

The Loan Accountant supports the Bank's financial accuracy and regulatory compliance by performing detailed loan accounting, reconciliation, reporting, and system administration activities. This role ensures the integrity of the loan portfolio's financial data, including principal balances, retained and serviced, interest income, fee recognition, accruals, and loan-level accounting entries.

Loan Accounting & Reconciliation

• Perform daily, weekly, and monthly reconciliations for all loan-related general ledger accounts, including retained and serviced principal, accrued interest, deferred fees/costs, escrow, participations, and charge-offs.
• Complete transactions and manage request queues to meet departmental SLAs for GL-related research and corrections.
• Review and validate loan system-to-GL interfaces for accuracy; research and resolve discrepancies promptly.
• Review and validate core loan system data to other loan data systems to ensure accuracy; perform reconciling adjustments swiftly.
• Track loan-related invoices for proper treatment and corrections, as needed.
• Complete regular exception testing to ensure quality control in loan coding, deferred fee/costs, interest rates, accrual methods, and other items impacting financials.
• Support in the maintenance of accurate accounting of unearned income, premium/discount amortization, and non-accrual interest.
• Support month-end and quarter-end closing activities, ensuring timely and accurate entries and reporting.
• Partner closely with Finance to answer reconciliation questions.

Loan System Support (Fiserv Premier preferred)

• Serve as a subject matter expert on loan system functionality, setups, and configuration as it relates to GL mapping, deferrals, accruals, and other specifications impacting loan accounting.
• Partner with the Product Owner for the Core Banking System to maintain loan system tables, rate schedules, product configurations, and accounting parameters.
• Partner with Accounting and Loan Operations in testing impact of new system releases, patches, and enhancements.
• Maintain detailed records of transactions completed with supporting documentation and approvals, as required.
• Define and oversee adherence to GL transaction processes and procedures followed by Loan Operations staff.

Operational Support

• Collaborate with Loan Operations to ensure accounting alignment with booking practices, participation agreements, and servicing requirements.
• Review and validate complex loan structures (construction, participations, syndicated loans, variable rates, interest-only, etc.) for accurate accounting treatment.
• Assist in implementing new loan products or accounting processes.
• Provide support for internal and external audits, including documentation and data retrieval.
• Promote operational excellence through implementation of streamlined processes and clear procedural documentation.
• Assist in other responsibilities of the Loan Operations team as needed.

Compliance & Controls

• Ensure adherence to GAAP, bank policies, and regulatory requirements for loan accounting.
• Maintain strong internal controls and support ongoing enhancements to the control environment.
• Support the bank's SOX or FDICIA processes as applicable.

Financial Reporting & Analysis Support

• Support Finance in preparation of internal loan portfolio reports, including roll forwards, yield analysis, concentration summaries, and trend reports for management, as needed.
• Support Finance in preparation of regulatory reports tied to loan accounting (e.g., Call Report and FR-Y schedules related to loans), as needed.
• Assist with variance analysis in loan-related income and balances; identify and elevate anomalies or trends.

• Bachelor's degree in accounting, Finance, or related field.
• 3+ years of experience in loan accounting, loan operations, or bank financial reporting.
• Previous hands-on experience with core banking system configurations related to loan accounting (loan system setup, GL mapping, reporting, or system administration);
  Fiserv Premier strongly preferred.
• Strong understanding of GAAP…