Loss Loan Reserve Analyst I/II

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.