ACL Reporting Specialist

Work from home flexibility.

JOB SUMMARY

The Allowance for Credit Losses (ACL) Reporting Specialist is responsible for leading the ongoing maintenance of the Current Expected Credit Loss (CECL) methodology and associated ACL reporting within the bank. This role involves assisting in the preparation of financial reports related to forecasting expected credit losses provisions working with loan data and ensuring compliance with CECL requirements under U.S. GAAP. The CECL Reporting Specialist will work closely with crossfunctional teams including lending finance accounting and internal audit to ensure accurate and timely financial reporting of credit losses.

DUTIES AND RESPONSIBILITIES

• ACL Reporting and Analysis:
  • Assist in the preparation and analysis of CECLrelated reports including the calculation of expected credit losses on loans heldtomaturity debt securities and offbalance sheet credit exposures.
  • Work with the finance and risk teams to ensure the proper integration of credit loss data into financial statements including the ACL
• Data Management and Reporting:
  • Ensure that relevant loan data and other creditrelated information are accurate complete and timely for use in CECL calculations.
  • Support the generation of regular reports for management the Board of Directors and regulatory agencies regarding the banks credit loss reserves.
• CECL Methodology and Compliance:
  • Assist in the implementation and ongoing refinement of the CECL model ensuring compliance with ASC 326 and other regulatory requirements.
  • Collaborate with the internal team to enhance the CECL model including updating assumptions data inputs and methodologies based on new information or regulatory guidance.
• Collaboration and Crossfunctional Support:
  • Work closely with lending and credit teams to validate and assess the data inputs required for CECL calculations.
  • Coordinate with IT and data analytics teams to ensure accurate data feeds into CECL models.
  • Provide technical assistance to ensure the banks systems can accommodate CECL reporting requirements.
  • Work with finance and accounting to lead or assist with regular ACL Committee Meetings with the ability to present the monthly and quarterly process and walk through and explain all methodologies inputs and assumptions and associated with the CECL model
• Documentation and Controls:
  • Assist in maintaining proper documentation for CECL methodology assumptions model validation and other related processes.
  • Ensure that internal controls related to CECL reporting are robust and compliant with internal policies SOX and external audits.
• Regulatory and Audit Support:
  • Support management and work directly with auditors during internal and external audits related to CECL reporting.
  • Assist in responding to regulatory inquiries and ensuring that CECLrelated disclosures comply with relevant reporting standards and requirements.
• Continuous Improvement:
  • Identify opportunities for process improvements in CECL reporting and assist in the implementation of automation or enhanced reporting tools.
  • Stay up to date with regulatory changes and updates to CECL guidance and proactively recommend updates to the banks reporting processes.

QUALIFICATIONS

Education & Experience:

• Bachelors degree in Accounting Finance Economics or related field or compensating work experience.
• Minimum of 35 years of experience in financial reporting credit risk analysis or CECL reporting within the banking or financial services industry.
• Experience with CECL implementation including understanding of ASC 326 and credit loss modeling is highly preferred.
• Familiarity with financial accounting systems and data analysis tools.

Skills & Abilities:

• Strong understanding of CECL regulations and the principles behind the calculation of credit loss reserves.
• Proficient in Microsoft Excel financial reporting software and accounting systems (ideally including Abrigo/Sageworks).
• Strong analytical skills with the ability to work with large datasets and derive meaningful insights.
• Familiarity with credit risk models and methodologies.
• Ability to collaborate effectively with crossfunctional teams.
• Excellent written and verbal communication skills to present complex financial data clearly and concisely.

ABOUT US

For over a century Peoples Bank has served as a cornerstone of customer commitment helping our communities thrive and continuously supporting our community members. Proudly bearing the Finward name as a Finward Company our logo symbolizes our unwavering dedication to financial excellence advanced technology and elevating the customer journey.

Headquartered in Munster Indiana Peoples Bank offers an extensive array of consumer business and wealth management solutions alongside cuttingedge digital banking services. With 26 conveniently located Peoples Banking Centers spread across Northwest Indiana and Chicagoland we uphold a tradition of delivering topnotch performance to our valued residents.

At Peoples Bank we are driven by a passion for fostering success within our customer base and communities. Anchored in our core values of Stability Integrity Community and Excellence we are committed to building strong partnerships with our customers and communities to help them achieve financial success. Through innovative engagement and technology we ensure an exceptional customer experience at every turn.

For more information on benefits visit the Careers page of our company website at is an Equal Opportunity Employer of women minorities protected veterans and individuals with disabilities.

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