Allowance for Credit Losses Analyst Sr

Position Title

Allowance for Credit Losses Analyst Sr

Location

Folsom, CA 95630

Job Summary

Pay Range: 84-140K
The Senior Allowance for Credit Losses Analyst utilizes strong analytical skills and supports the quarterly production of the company’s allowance for credit losses (“ACL”) for the loan and lease portfolio. Collaborates with various stakeholders and performs complex analyses to support the development of expected credit losses, following the established methodology and maintaining documentation supporting conclusions.

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

JOB RESPONSIBILITIES

• (30%) Execute quarterly production of the allowance for credit losses, independently managing assigned workflow, in accordance with established methodology and SOX framework.     
• (10%) Analyze key drivers of changes in the ACL, including rate/volume, economic forecast, and credit mix, solutioning unintuitive drivers.
• (10% of time) Collaborate with Credit function and other key stakeholders to propose, develop and document qualitative adjustments.
• (15%) Develop and/or maintain supporting ACL documentation, including working group materials, quarterly governance materials, ad-hoc documentation and analyses, and financial disclosures and regulatory reports.
• (15%) Support communication of results and other ACL related matters to internal and external stakeholders.
• (20%) Support execution of internal strategic initiatives for effective implementation into ACL Program.

• Maintains knowledge of relevant accounting standards and regulatory guidance related to Current Expected Credit Losses, as well as credit risk factors impacting the loan and lease portfolio.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent).

• Minimum experience required: 4+ Years in credit risk management, accounting, or related experience.
• Proficient in Python.

Preferred Qualifications:

• Knowledge of CECL (Current Expected Credit Loss).
• Experience in mid-size and large financial institutions.
• Experience with Alteryx platform.

Job Competencies:

• Knowledge of financial analysis and financial forecasting. 
• Working knowledge of data querying languages and software.
• Strong analytical and quantitative skills.
• Excellent writing skills.
• Excellent communication and presentation skills.
• Proven ability to independently manage assigned workflows, collaborate with various individuals, and deliver on commitments.
• Travel < 15%.
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin. 

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank