What are the responsibilities and job description for the CECL Reporting Manager - Ridgeland, MS position at BankPlus?
At BankPlus, we strive to add value for our employees, customers and shareholders. We are a high-performing TEAM committed to fulfilling promises, building lasting relationships, and making dreams come true.
All current employees must have a performance rating of Outstanding or High-Performing to be eligible to post for a position.
General Position Statement:
Managing all aspects of quarterly Current Expected Credit Losses (CECL) calculations, documentation, analysis, and testing.
Duties and Responsibilities:
We maintain a drug-free workplace and perform pre-employment substance abuse testing.
All current employees must have a performance rating of Outstanding or High-Performing to be eligible to post for a position.
General Position Statement:
Managing all aspects of quarterly Current Expected Credit Losses (CECL) calculations, documentation, analysis, and testing.
Duties and Responsibilities:
- Develop and maintain CECL models and related calculations to ensure compliance with accounting standards
- Collaborate with risk management and credit teams to create loss forecasting methodologies and reporting processes
- Compile quarterly ACL documentation for executive management and internal and external auditors, including methodology and quarterly results memo
- Conduct interactive discussions with credit experts, accounting, and other key stakeholders to refine and improve ACL estimation and model performance
- Work closely with both internal and external auditors to assist in understanding of ACL methodology, assumptions, and quarterly results
- Present quarterly results to executive management and other key stakeholders for challenge and review
- Demonstrate proficiency in a third-party vendor reserve calculation engine (Abrigo), including in-depth knowledge of calculation logic. Perform periodic calculation runs, testing, and report building
- Coordinate stress testing of CECL with Credit and ALM models
- Coordinate financial accounting and reporting functions with the mortgage division, including fair value and hedge accounting
- Interact cross-departmentally to ensure successful teamwork, and initiate and coordinate process improvements
- Maintain a thorough knowledge of Bank products, services, policies, procedures, and appropriate regulatory issues as related to daily job functions including by not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E, etc. Complete required compliance training and adheres to the bank’s standard of conduct.
- Participation in the bank’s High-Performance Rewards Connections program.
- Make referrals to the Mortgage Dept. and Wealth Management.
- Perform other duties as requested
- Bachelor’s degree in accounting or finance required
- Three (3) or more years of experience in finance, accounting, or related field (banking/financial institution/asset management, etc ) with some direct exposure to analytics and/or modeling applied to finance and risk preferred
- Experience using MS Office products, particularly Excel and Word
- Experience in creating, generating, and documenting reports
- Experience with general statistical and quantitative modeling techniques preferred
- Ability to work effectively in a team environment and across departments where necessary, to develop relationships throughout the company and work collaboratively
- Strong understanding of internal controls and experience with process improvements
- Meet deadlines while handling multiple projects
- Proficient in financial software and reporting analysis
- Able to understand credit risk (e.g. PD, LGD) and cash flow calculations
- Strong analytical skills and attention to detail
- Ability to research and propose company positions on complex accounting issues
- Comprehensive knowledge of GAAP, SEC reporting, and Internal Controls
- Strong background in finance and accounting. Statistical modeling is preferred.
We maintain a drug-free workplace and perform pre-employment substance abuse testing.