Cecl Officer

Position Summary: Responsible for the end-to-end methodology design, modeling choices, execution and documentation of Primis's CECL reserving process. This position is also responsible for providing support to the Chief Credit Officer by assembling, interpreting and summarizing data, preparing reports and presentation of findings related to the asset quality of the Bank's loan portfolio.

Essential Functions

• Responsible for the quarterly analysis of ALLL methodology and associated reporting packages, which includes the ALLL report for Board Meeting and any additional documentation requirements.
• Managing the development and maintenance of the CECL Model and all related calculations and reports; identify and resolve any model or data discrepancies.
• Responsible for the documentation of the CECL model run results and assumptions which will be reviewed by senior management and internal and external auditors.
• Routine development and execution of statistical, credit, and financial analysis to support quantitative and qualitative factor reviews.
• Responsible for all phases of project management and administration.
• Design and maintain CECL compliant processes, including parallel runs and responding to inquiries from auditors, model validators etc. (candidate will need to develop a strong understanding of ALLL and CECL methodologies).
• Manage the on-going process and documentation of vendor default models and maintain a CECL compliant ALLL process.
• Ensure high quality model run documentation and controls.
• Continue the development and maintenance of the CECL Model and all related calculations and reports.
• Review and maintain relevant policy and procedures.
• Direct and coordinate CECL Committee members and Contributors in loan loss modeling selection and development.
• Serve as an active member of the CECL Working Group by providing process improvement ideas, issue identification and resolution. Design and implement internal test controls and documentation regarding ALLL calculations using Abrigo.
• Work with senior managers including the Chief Financial Officer, Chief Accounting Officer and Chief Credit Officer for direction and to obtain consensus on project direction and decisions.
• Responsible for the development, execution and management of reporting and analytical needs for Bank's Loan Portfolio.
• Regular, reliable, and predictable attendance.

Marginal Functions

• Prepare and assist in various analyses including concentration management analysis, industry and market trends outlooks, and other information including economic updates, emerging risks, and changes to the overall portfolio.
• Monitors delinquent and non-accruing loans and provides written reports directed to Chief Credit Officer and Executive Management summarizing overall findings of associated risks.
• Work closely with Finance and the Financial Reporting Department(s) in the asset quality management, reporting and reconciliation of acquired loan portfolios.
• Work with internal and external auditors as well as accountants and bank regulators by providing them with necessary information related to audits and examinations.
• Manage various external vendor partnerships for adherence to service level agreements, Compliance with regulations, and expense control for departmental budgetary performance.
• Responsible for maintaining effective internal controls related to Sarbanes-Oxley 404 compliance.
• Make recommendations for process improvements, simplifications, and standardization
• Support ad-hoc portfolio analysis and presentations according to business needs.
• Establish and maintain effective working relationships with senior managers and other employees and customers.
• Contribute to the effective team management of all Bank problems, issues and opportunities.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned.

Minimum Educational & Experience Requirements

• Bachelor's degree in Accounting, Business, or Finance
• Minimum of five years credit risk analysis required
• Minimum two years CECL compliant bank experience required
• Experience with Abrigo CECL modeling preferred

Minimum Skill Requirements

• Experience writing and presenting statistical findings, trends, and expectations in front of senior level managers
• Understanding of reserve principles as well as regulatory guidance preferred
• Thorough understanding of regulatory requirements for risks and controls including risk governance, risk measurement, monitoring and reporting
• Effective communication and writing skills
• Proficient in excel

Physical Demands

In terms of an 8-hour workday, "occasional" equals 1% to 33%, "frequent" equals 34% to 66% and "continuous" equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.

• Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
• Continuous communication: verbal and written, in-person, phone and electronic

Work Environment

• Office environment with occasional travel to branch locations