What are the responsibilities and job description for the Senior CECL Analyst position at First Internet Bank?
About The Position
As the Senior Current Expected Credit Losses (CECL) Analyst you will be responsible for performing all aspects of the Company’s CECL calculation, including the analysis, calculation, documentation and reporting of the Company’s allowance for credit losses (ACL) in accordance with the CECL accounting standard. Additionally, you will assist with credit quality reporting and the completion of other various projects.
What You Will Do
We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.
We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.
Why Join Us?
Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.
Our benefits package includes the following and so much more:
If you are a California resident, you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click
As the Senior Current Expected Credit Losses (CECL) Analyst you will be responsible for performing all aspects of the Company’s CECL calculation, including the analysis, calculation, documentation and reporting of the Company’s allowance for credit losses (ACL) in accordance with the CECL accounting standard. Additionally, you will assist with credit quality reporting and the completion of other various projects.
What You Will Do
- Prepare/analyze the monthly calculation of the Company’s ACL using prescribed methodology
- Perform analysis of credit data, loan portfolios and economic indicators to identify trends and determine credit risk
- Create and maintain supporting documentation for the CECL calculation to satisfy regulatory and audit requirements
- Maintain operational and design effectiveness of internal controls over CECL to ensure compliance with Sarbanes-Oxley
- Complete stress testing of the CECL model for risk and reporting purposes
- Collaborate with multiple departments, including compliance, risk, audit and credit to ensure complete and accurate reporting
- Implement updates and changes to the CECL model as needed
- Review credit quality reporting to ensure accuracy and completeness
- Update and review credit quality metrics and the CECL calculation that are included in the financial package that supports the quarterly earnings press release and accompanying presentation
- Act as the Company’s liaison for external and internal auditors during quarterly reviews and the year-end audit related to CECL and SOX controls
- Prepare communications and presentations related to CECL for management and internal committees, including the ACL Committee, Board of Directors and the Audit Committee
- Assess current processes, and work with IT and the Company’s CECL vendor to advance automation with technology
- Oversee and update policies and procedures for completing the ACL policy and CECL calculation
- Contribute to the preparation of SEC filings as needed
- Various other projects as assigned by management
- A Bachelor’s or Master’s Degree in Accounting is required
- A Certified Public Accountant (CPA) designation is preferred
- A minimum of three years of progressive experience in either a Big 4 or large regional public accounting firm and/or a financial reporting or credit risk role in a public entity
- Financial services industry experience strongly preferred
- Knowledge/familiarity of CECL accounting standards and compliance
- Candidate must be self-motivated and results-oriented with the ability to function effectively within established deadlines and possess the ability to work in a team environment
- Ability to manage multiple tasks and changing priorities in a fast-paced environment
- Takes initiative for continuous improvement and drives efficiency
- Strong technical skills in Excel; experience using Prologue and Abrigo/Sageworks is a plus
- Detail oriented with strong analytical capabilities as well as effective written and verbal communication skills
- Capable of working independently
- Ability and willingness to take on additional responsibilities as necessary
- Professional office setting.
- Primarily sedentary position requiring long periods of time working at a computer.
- Must be able to move throughout the office and buildings to obtain or relay information.
- Must be able to perform the essential functions of the position with or without reasonable accommodation.
We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.
We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.
Why Join Us?
Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.
Our benefits package includes the following and so much more:
- Medical Dental, Vision Insurance
- 401(k) Retirement Plan with Generous Match
- Professional Development Reimbursement
- 3 Weeks Paid Vacation Plus Paid Holidays
- Paid Volunteer Time
- Business Apparel Allowance
If you are a California resident, you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click
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