Participation Accounting Specialist

Capital Farm Credit; Lubbock (TX); On-site; USD 52,000 - 75,000; Full time

Job summary

Capital Farm Credit in Texas seeks a participation accounting specialist to manage accounting for loan participation, set up loans per agreements, and process wires/ACH.

You will respond to inquiries and support Cash Management, ensuring timely resolution under moderate supervision while following GAAP for loan accounting activity.

Qualifications

• Bachelor’s degree in accounting, business, finance or related field, or equivalent experience.
• 1–3 years of accounting or related business experience.
• Prefer experience in loan accounting systems and cash management.
• Knowledge of participation accounting preferred.

Responsibilities

• Maintain accounting for Capital Market loans and participation agreements.
• Set up loans per participation agreements and initiate wire or ACH transactions.
• Update interest rates and terms; record transactions and monitor monthly.
• Correspond with other institutions to ensure cohesive reporting.
• Reconcile accounts related to participation accounting.
• Provide fast, accurate support and guidance on participation accounting and processes.

Skills

Multitasking

Ten-key by touch

Accounting systems

Independent work

Communication skills

Organizational skills

Education

Bachelor’s degree or equivalent

Tools

Loan IQ

Job description

About Us

Capital Farm Credit is the largest rural lending cooperative in Texas, serving 192 counties through nearly 70 credit offices. With over $12 billion in assets and more than 600 team members, we provide essential financial services to farmers, ranchers, rural homeowners, and agribusinesses. As part of the nationwide Farm Credit System, we are dedicated to supporting rural communities and agriculture.

Why Join Us?

We seek motivated individuals who share our core values: commitment, trust, value, and family-like respect. As a customer-owned cooperative, we align employee success with member success, offering competitive pay, growth opportunities, and a supportive environment.

• Incentive Program: Company-wide, goals-based rewards.
• Accrued Time Off: Earn 13 days of annual leave and 15 days of sick leave per year, plus enjoy 10-12 paid holidays annually.
• Retirement: 401(k) with up to 9% employer contribution/match.
• Health Coverage: Affordable medical, dental, and vision plans.
• Parental Leave: 8 weeks of paid parental leave.
• Life & Disability Insurance: Employer-paid coverage.
• Education & Wellness: Tuition reimbursement and up to $400 for wellness expenses.

At Capital Farm Credit, you’ll find more than a job—you’ll find purpose.

EDUCATION AND EXPERIENCE

• Bachelor’s degree in accounting, business, finance or related field or equivalent experience.
• One (1) to three (3) years of accounting or related business experience.
• Prefer experience in the operation, maintenance, and end-user support of loan accounting, cash management, general ledger, and/or other loan accounting systems.
• Knowledge of participation accounting preferred.

JOB SUMMARY

Performs participation accounting functions and customer support for the association users and customers related to participation accounting of the Loan IQ (loan accounting) system, including access modules.

This includes responding to phone calls and e-mails promptly as well as following through to assure all issues are resolved in a timely manner.

Serves as a backup to the Cash Management division of Treasury Services.

This position works under moderate supervision in the application of generally accepted accounting principles as it relates to loan accounting activity.

ESSENTIAL FUNCTIONS

• Maintains accounting for Capital Market loans as required to include setting up loans in accordance with the participation agreements; initiating wire or ACH transactions; updating interest rates and other terms; recording transactions; monitoring loans on a monthly basis to determine that loans are within parameters of participation agreements including rates, commitments and fees.
• Corresponds with participation loan accounting departments within other institutions via email and phone to ensure good communication and cohesive reporting.
• Files documentation related to participation accounts in Treasury Services EFC.
• Conducts ACH entries and approvals.
• Works with AB Administrative group, Sales Desk and RM on all loans in the participation portfolio.
• Reconciles accounts related to participation accounting.
• Provides fast, accurate support regarding participation accounting and/or related systems and processes. Provides guidance to end-users to assist them in participation accounting functions, as necessary.
• Assists with the development of new and improved processes to enhance participation accounting efficiencies. Assists in maintaining participation accounting procedures and documentation. Communicates procedures to end-users.
• Documents all customer issues utilizing an issue tracking system.

REQUIRED SKILLS

• Position requires the ability to organize and handle multiple tasks at once and learn new applications and use of equipment quickly.
• Ten key-calculator by touch and computer literacy required, including word processing, database and spreadsheet applications.
• Ability to accomplish accurate, detailed tasks in short time frames.
• Must be self-motivated and have the ability to work independently to complete assigned projects.
• Demonstrated problem solving and organizational skills are essential.
• Position requires good written and oral communication skills.

DISCLAIMER

We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at [e-mail] and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e‑mail address. For more information, view the EEO - Know Your Rights and Pay Transparency Statement .

Equal Opportunity Statement

Capital Farm Credit is committed to creating a diverse and inclusive workplace. The position title and requirements may be adjusted based on the candidate's experience and qualifications. We welcome applicants of all backgrounds and do not discriminate based on race, color, gender, religion, national origin, disability, veteran status, or any other protected status. A full job description is available upon request. Candidates selected for hire will be required to complete a background check, including criminal history, education verification, and employment verification. A credit check will be required for roles that require NMLS registration.