Loss Forecasting (Sr Manager)

Acme Services Private Limited

Job Location:

Gurugram - India

Monthly Salary: Not Disclosed

Posted on: 6 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Description:

Loss Forecasting & Modeling: Develop maintain and execute statistical models (vintage analysis roll rates logistical regression) to forecast credit losses delinquencies and recoveries for mortgage products using SAS.
US GAAP Accounting & Compliance: Ensure all loss forecasting and provisioning methodologies comply with ASC 326 (CECL) or relevant US GAAP standards.
Loss Recognition & Provisioning: Perform monthly/quarterly loss recognition calculations including allowance for loan and lease losses (ALLL) and purchased credit deteriorated (PCD) asset reporting.
Data Analysis & Validation: Extract manipulate and analyze large mortgage datasets using SAS to identify trends in delinquency prepayment and default.
Variance Analysis: Compare actual loss performance against forecasted figures providing detailed insights into drivers of variance to senior management.
Stakeholder Collaboration: Partner with Risk Finance Treasury and Model Risk Management teams to support stress testing (CCAR) and financial planning.
Documentation & Governance: Maintain comprehensive documentation for models assumptions and processes to support internal and external audits.

Job Description: Loss Forecasting & Modeling: Develop maintain and execute statistical models (vintage analysis roll rates logistical regression) to forecast credit losses delinquencies and recoveries for mortgage products using SAS. US GAAP Accounting & Compliance: Ensure all loss forecast...