Job details

Loss Loan Reserve Analyst I/II

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Overview

The primary purpose of this position is to calculate the allowance for credit loss (ACL). This person must be able to fully generate and analyze data relevant to the ACL, understand the effect, identify, and evaluate changes, conduct necessary balancing, and report on their findings. This position serves as an associate in the Loan Loss Reserve area which reports to the Allowance for Credit Loss Manager through the Credit Administration Department.

Responsibilities

Generate data from loan servicing system(s), etc. to be used in the allowance for credit loss (ACL) calculation.
Extract data from loan servicing system(s), GL, and import into ACL software and other internally developed models/workbooks used to calculate the ACL. Balance and summarize results to the appropriate system/corporate/management reports.
Document calculation along with all data sources to ensure proper internal controls.
Update documents detailing changes in ACL results and assumptions, including methodology and processes.
Make recommendations on underlying processes and assumptions.
Perform additional duties as assigned.

Level II additional responsibilities:

Perform the ACL calculation independently and be able to interpret the results.
Fully understand and provide model enhancements for the ACL.
Analyze and interpret results from the commercial and loan portfolio stress testing models.

Qualifications

• 2-year degree in a field such as Finance or Accounting OR 3 years relevant work experience• 3 years of financial data generation and reporting experience and/or quantitative analysis• Strong grasp of financial reporting • Basic understanding of commercial and consumer lending• Strong knowledge of financial principles and issues related to the banking industry• Demonstrated excellent analytical skills and ability to apply critical thinking skills• Strong written and verbal communication skills and ability to interact with all levels of the organization• Superior attention to detail and process orientation • Proficient with Microsoft Office applications with advanced knowledge of Excel• Comfortable working with large amounts of data• Ability to work well under pressure and balance multiple priorities

Level II additional qualifications:

4 years of experience in statistical analysis in the banking industry
2 years’ experience with ACL function
Ability to interpret results and the commercial and loan portfolio stress testing models

Preferred:

Experience in the Financial Services Industry and/or regulatory agencies
Experience working with regulators, auditors, and compliance
Experience with data management software
Master’s degree
Familiarity with the ACL function

Additional Preferred:

1 year experience with statistics software’s such as SQL, SAS and Python.
1 year experience with financial reporting

Physical Requirements/Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse, while viewing computer screens.

Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.

Average salary estimate

$62500 / YEARLY (est.)

min

max

$50000K

$75000K

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What You Should Know About Loss Loan Reserve Analyst I/II, Trustmark Bank

Are you ready to dive into the fascinating world of finance? At our Jackson office, we’re on the lookout for a dedicated Loss Loan Reserve Analyst I/II to join our vibrant team! In this role, you will primarily focus on calculating the allowance for credit loss (ACL), a crucial function in our Credit Administration Department. You’ll harness your analytical skills to generate, analyze, and interpret data that directly impacts ACL, honing your expertise in extracting and manipulating data from various loan servicing systems. You'll balance results, document calculations meticulously, and provide insightful reports. Sharing your recommendations on processes and assumptions will help shape our approach to managing credit risk. If you step into the Level II position, you'll work independently, enhancing our models and interpreting stress test results. To get started, you'll need a 2-year degree in Finance or Accounting, along with relevant experience in financial data reporting, and a solid grasp of banking principles. Your keen analytical mind and superior attention to detail will seamlessly fit into our cooperative environment. If you have a knack for Excel and enjoy working with large datasets, this could be the perfect opportunity for you. Join us and make a tangible difference in our financial operations while growing your career in a dynamic sector!

Frequently Asked Questions (FAQs) for Loss Loan Reserve Analyst I/II Role at Trustmark Bank

What are the primary responsibilities of a Loss Loan Reserve Analyst I/II at our company?

As a Loss Loan Reserve Analyst I/II in our Jackson office, your core responsibilities include calculating the allowance for credit loss (ACL), extracting and analyzing data from loan servicing systems, and producing management reports. You will document your calculations and updates, and contribute to process improvements that influence credit risk management strategies. Your role is vital in ensuring the company's accuracy and alignment with financial regulations.