GENERAL DESCRIPTION OF POSITION

The Director of Current Expected Credit Losses is responsible for providing broad based financial, analytical, and data support to the CEO, CFO, CLO and Board of Directors. This position oversees the current expected credit loss models and calculations. This individual will handle in various function and duties: Allowance for Credit Losses (ACL) and CECL modeling.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assist in a broad range of activities related to capital planning and liquidity management reporting and analysis, including calculation of the allowance for loan losses and leases as required by CECL.

2. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis.

3. Identify risk-related issues requiring escalation to management, including the identification of potential sources of stress.

4. Oversee the calculation of the Allowance for Credit Losses (ACL) and CECL.

5. Develop a thorough and in-depth understanding of CECL standards and its implication in loss forecasting.

6. Maintain and validate data integrity in loss forecasting models for the loan portfolio.

7. Ensure compliance of various internal and external policies, standards, and procedures.

8. Ensure that written procedures are documented for all functions within area of responsibility and updated as necessary to provide instruction and guidelines for daily operations and modeling.

9. The ability to work in a constant state of alertness and in a safe manner.

10. Completes required BSA/AML training and other compliance training as assigned.

11. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 11 to 15 years related experience and/or training, and 4 years related management experience, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read, analyze, and understand the most complex documents; ability to respond effectively to the most sensitive inquiries or complaints; ability to write speeches and articles using original or innovative techniques or style; ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.

MATHEMATICAL SKILLS

Ability to comprehend and apply principles of advanced calculus, modern algebra, and advanced statistical theory.

CRITICAL THINKING SKILLS

Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal, logical or scientific symbolism such as formulas, scientific equations, and graphs. Ability to deal with a variety of abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Advanced: Database, Spreadsheet, Word Processing/Typing

Intermediate: 10-Key, Accounting, Alphanumeric Data Entry, Presentation/PowerPoint

RESPONSIBILITY FOR WORK OF OTHERS

Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems.

Supervises a small group (1-3) of employees in the same or lower classification. Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time. Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree.

WORKING CONDITIONS

Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

Specific vision abilities required by this job include close vision.

ADDITIONAL INFORMATION

Bachelor's degree in Finance, Mathematics, Accounting, Business or a related field required; MBA, CPA or CFA preferred.
A minimum of 4 years of experience in financial modeling and analysis, or equivalent experience; preferably in a financial institution's finance or treasury department.
Familiarity with loan loss reserves, stress testing, and predictive modeling.
Proficiency with Excel, Word, and Power Point software.
Excellent verbal and written skills to communicate complex issues/ideas effectively within all levels of the institution.
Must be proactive, organized, deadline oriented, analytical, and have a strong work ethic.

Qualifications

Education

Required

Bachelors

Preferred

Masters

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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)