VP, (CECL/ACL) Credit Loss Reserves

Join our team - and take the next step in achieving a fulfilling career!

What We Do

At CardWorks, we aim to help people connect with possibility and opportunity using our financial servicing expertise. Building meaningful, long-term relationships with consumers, our employees, and our clients is what matters most.

Who We Are

CardWorks, Inc. is a diversified consumer finance service provider and parent company of CardWorks Servicing, LLC, Merrick Bank and Carson Smithfield, LLC.

CardWorks Servicing, LLC provides end-to end operational servicing functions for credit cards, secured cards, and installment loans.  We service consumer and small business loans across the credit spectrum and offers backup servicing and due diligence services to capital providers and trustees.

Merrick Bank is an FDIC-insured Utah Industrial Loan Bank. Merrick operates three main business lines: credit cards, recreational lending, and merchant services.

Carson Smithfield, LLC provides a variety of post-charge-off debt recovery services, including digital self-service, IVR, live agent, and external agency management.

Position Summary

This is a critical leadership role responsible for the execution, oversight, and continuous enhancement of the Current Expected Credit Loss (CECL) / Allowance for Credit Loss (ACL) reserve process. The incumbent will oversee end-to-end execution — including model operation, interpretation of results, variance analysis, and business engagement — ensuring that outputs are analytically sound, well-controlled, and compliant with internal governance, regulatory standards, and audit expectations.

Remote or hybrid work arrangements may be considered for qualified candidates.

The ideal candidate will possess a strong blend of quantitative acumen, business insight, and governance discipline, serving as a key liaison between modeling teams, finance, business units, and control partners.

Essential Functions

• Execute the quarterly CECL/ACL reserve process for assigned portfolios, including running models, validating inputs, and analysis of results and reserve movements.
• Interpret and communicate results — translating model output into clear, actionable insights for business, risk, and finance partners.
• Engage closely with business leads to assess portfolio dynamics, emerging risks, and forecast assumptions influencing the CECL/ACL estimate.
• Ensure compliance with all model governance, audit, and regulatory requirements, including maintenance of documentation, controls, and versioning.
• Support model monitoring and redevelopment initiatives, providing feedback on performance, portfolio alignment, and assumption reasonableness.
• Prepare and present management reporting, reserve trend analysis, and business commentary for senior committees and external stakeholders including audit & regulatory functions
  
  

Compliance With Laws & Regulations

• Responsible for complying with all of the Bank’s internal control policies and procedures.
• Responsible for understanding & complying with laws and regulations for the Bank
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.
  
  

Education & Experience

• Bachelor’s degree in Finance, Economics, Accounting, Statistics, Data Science, or a related field.
• Master’s degree is preferred.
• Ten (10) years of experience in credit risk, allowance modeling, financial analysis, or related disciplines.
  
  

Summary Of Qualifications

• Strong background in credit risk modeling, with hands-on experience in CECL or ACL framework & execution. Loss forecasting experience would be plus
• Proficiency with data analytics tools (SAS, Python, SQL, R) and Excel-based modeling.
• Strong analytical and interpretive skills, with the ability to synthesize complex quantitative findings into concise business insights.
• Excellent communication and stakeholder-management abilities, capable of engaging senior leaders and cross-functional partners.
• Familiarity with model risk governance, internal controls, and regulatory expectations.
  
  

#INDHP

Our Employee Value Proposition

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
• Benefits Package -Medical, Dental, and Vision (plus much more)
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition
  
  

We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite.  Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.

We are an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic.  We will conduct a thorough background check for all hires in compliance with applicable.