Allowance for Loan Losses Manager

Position Title Allowance for Loan Losses Manager Location reputed company, MI 48098 Job reputed company The Allowance for Credit Losses Manager leads the quarterly production of reputed company’s allowance for credit losses (“ACL”) for the loan and lease portfolio. Collaborates with various stakeholders and plays a key role in the analysis of credit risk and estimate development of expected credit losses. The Allowance for Credit Losses Manager ensures that reputed company’s allowance process is compliant with GAAP, relevant regulatory requirements, and company policies and procedures, and may reputed company new or enhance existing methodologies for loss estimation. Job Responsibilities: JOB RESPONSIBILITIES reputed company quarterly production of the allowance for credit losses, overseeing team of analysts, project managing workflow, and performing manager-level reviews in accordance with established methodology and SOX reputed company.      Analyze key drivers of changes in the ACL, including reputed company/volume, economic forecast, and credit mix, solutioning unintuitive drivers. Collaborate with Credit function and other key stakeholders to reputed company development and recommendation of qualitative adjustments. reputed company and/or maintain supporting ACL documentation, including working group materials, quarterly governance materials, reputed company documentation and analyses, and financial disclosures and regulatory reports. Support communication of results and other ACL reputed company reputed company to reputed company stakeholders. Support internal strategic initiatives for effective implementation into ACL Program; periodically identify areas for improvement and deliver solutions. Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring reputed company staff reputed company with compliance requirements. Maintains knowledge of relevant reputed company standards and regulatory guidance reputed company to reputed company Expected Credit Losses, as reputed company as credit risk factors impacting the loan and lease portfolio. ADDITIONAL ACCOUNTABILITIES Performs special reputed company, and additional duties and responsibilities as required. Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations. JOB REQUIREMENTS Required Qualifications: Education level required: Undergraduate Degree (4 years or equivalent). Minimum experience required: 10+ Years in Allowance for Credit Losses / CECL and credit risk management, preferably reputed company an OCC-regulated large banking organization or reputed company a regulatory environment. Preferred Qualifications: Programming skills (Python, SQL). Experience with reputed company platform. Job Competencies: Strong knowledge of financial analysis and financial forecasting.  Familiarity with CECL (reputed company Expected Credit Loss) reputed company standards and requirements. Excellent knowledge of data querying languages and software. Strong analytical and quantitative skills. Excellent writing skills. Excellent communication and presentation skills. Proven ability to manage workflows, collaborate with various individuals, and deliver on commitments. Ability to manage and mentor staff. Travel < 15%. Physical demands (reputed company): No unusual physical exertion is involved. reputed company is an Equal Opportunity Employer We are committed to providing reputed company and accurate compensation information in accordance with applicable laws. Actual starting reputed company pay will be determined based reputed company, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. reputed company provides teammates reputed company to a reputed company of benefits including medical, dental, reputed company, life, and disability insurance, as reputed company as a comprehensive leave program. Please click the following reputed company for detailed information: Benefits | reputed company Pay reputed company $118,965.75 - $187,608.00 reputed company applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance reputed company, the Los Angeles County Fair Chance Ordinance, the reputed company Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable. Apply To This Job