ACL Analyst
Description
Summary:
This position will run and analyze the Current Expected Credit Loss (CECL) model within the accounting organization. In addition to analyzing key loan data-driven activities, the position will be expected to help the ACL Manager, Chief Risk Officer, Chief Credit Officer and Director of Accounting Policy and Control determine more efficient ways to capture loan and risk data and better ways to use that data once captured. This position may assist with certain cross-functional activities as agreed by Risk and Finance.
Essential Duties and Responsibilities:
- Run and analyze the banks CECL model including pre-model data validation, model parameter setting, and model results analysis
- Maintain the CECL allowance model and understand all methodologies and policies.
- Accurately prepare data, calculations, documentation and reporting used to support the ACL.
- Assemble quarterly allowance presentations for the ACL Committee and the Board.
- Assist in an ongoing data project to include working with Operations and Risk Management to remediate existing data and to refine and track additional loan-related data.
- Participate in data onboarding for acquired entities as it relates to allowance needs and identification of PCD assets.
- Parse, reconcile, and analyze large sets of data to ensure accuracy and integrity.
- Ensure compliance with the control framework developed for CECL.
- Research and analyze GAAP, regulatory, control issues, and other relevant drivers and trends that may impact the ACL.
- Analyze data and model results to create audit documentation and responses to internal and external auditors, as well as regulators.
- Assist with other Risk and Finance reporting as identified.
- Perform other duties as assigned
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
- Bachelor’s degree in Finance/Accounting or equivalent
- Two to five years of accounting or credit/risk experience. Allowance experience (incurred loss or CECL) preferred.
Skills and Abilities
- Foundational Computer Skills
- Frequent use of electronic mail, word processing, data entry, graphics, etc.
- Proficiency in Excel (Pivot Tables, VLookup) and data integrity.
- Proficiency in the use of other PC software tools for analysis and reporting, with demonstrated ability to quickly learn new software and models.
- Foundational Communication - Simple messages communicated orally. May write brief messages and keep simple records. May explain and offer guidance on routine procedures. Ability to write and revise technical memos explaining the ACL results and changes.
Foundational Judgment
- Excellent analytical and decision-making skills to make appropriate decisions when solving critical problems and accomplishing objectives.
- Ability to determine and set priorities.
- Strong attention to detail.
Routine Business Problems
- Problems encountered are routine, somewhat repetitive, and generally solved by following clear directions and procedures.
- Decisions generally affect own job or assigned functional area.
- Ability to demonstrate the highest level of ethical behavior and confidentiality and maintain confidentiality with sensitive information.
- Respectful demeanor toward other associates and managers that promotes a positive and professional work environment.
- Understand and comply with bank policy, laws, regulations as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
FirstBank does not accept unsolicited resumes from agencies and staffing firms. Recruitment agencies and consultants may not submit resumes directly to managers. FirstBank will not pay fees to any third-party agency or company that does not have a signed agreement as an approved vendor. FirstBank in an Equal Opportunity Employer, including disability.