What are the responsibilities and job description for the CECL Reporting Specialist position at Amerantbank?
Responsible for the CECL model. Calculates and prepare the Allowance for Credit Losses Report and updates all related factors (Vintage, prepayments, WARM). Responsible for coordinating the model validation, maintaining documentation, evaluates the model performance. Also responsible for quarterly financial reporting related to reserves and credit quality.
Responsibilities:
- Oversee and calculate the Allowance for Credit Losses (ACL) according to the approved model, which requires compiling all needed information from credit related units, downloading portfolio data from the bank’s loan system, running the different models in Impairment Studio and preparing the required reports.
- Updates the loss factors (Vintage, LGD, WARM, Prepayment and qualitative factors) used in the calculation of the ACL.
- Prepares all ACL related reports (BRC presentation, financial reporting disclosures).
- Coordinates CECL model external validation and is responsible for addressing any findings arising from the validation.
- Performs annual model performance testing of the model.
- Responsible for all the controls related to the ACL calculation.
- Responsible for addressing questions from regulators, auditors and model validators.
- Ensures model documentation is up-to-date and in accordance with regulatory requirements.
- Prepares Credit Risk SEC, US-GAPP, OCC and other regulatory reporting. Ensures that reports reconcile with Financial Reporting reports. Liaison between Credit Risk and Financial Reporting for the purpose of coordinating regulatory reporting related to Credit Risk.
- Estimates loan loss provisions forecast for the Bank’s budget.
- Prepares Ad-hoc presentations and reports
Minimum Education and/or Certifications Requirements:
Bachelor’s degree in finance, economics or accounting.
Master’s degree in business or related field desirable.
Minimum Work Experience Requirements:
8 to 10 years of experience in banking, ideally in credit risk modeling, and estimating CECL’s Allowance for Credit Losses (ACL).
Technical and/or Other Essential Knowledge:
- Expertise using Excel: lookup tables, pivot tables, charts, macros
- Strong analytical and financial modeling skills with a good understanding of statistics fundamentals
- Excellent communication skills (written and oral)
- Expertise in MS PowerPoint and MS Word
- Ability to work under pressure (tight deadlines and shifting priorities)
- Good interpersonal skills
- R-studio or Python experience desirable
- Fully bilingual (Spanish and English) desirable
Functional Skills & Knowledge Requirements:
Must be a team player, must thrive under pressure and present a professional image. Problem-solving and conflict resolution are key, as is the ability to prioritize tasks, manage time effectively, and adapt to change.
Strong business communication skills are essential, including advanced writing and listening abilities, coupled with fundamental office and mathematical competencies. Customer service expertise is also crucial. Furthermore, the candidate should have a grasp of professional skills such as report writing, statistics, and the delivery of compelling presentations. Creativity, budgeting acumen, ethics management, and the capability to run effective meetings and conduct thorough research assessments are indispensable.
