Position Title
Allowance for Credit Losses Analyst Sr
Location
Nationwide, MI 48098
Job Summary
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.
Job Responsibilities:
JOB RESPONSIBILITIES
- Execute quarterly production of the allowance for credit losses, independently managing assigned workflow, in accordance with established methodology and SOX framework.
- Analyze key drivers of changes in the ACL, including rate/volume, economic forecast, and credit mix, solutioning unintuitive drivers.
- Collaborate with Credit function and other key stakeholders to propose, develop and document qualitative adjustments.
- 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.
- Support communication of results and other ACL related matters to internal and external stakeholders.
- 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.
- Uses independent judgement and discretion to make decisions.
- Analyzes and resolves problems.
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.
- Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
- Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
- Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
- Travel < 15%.
- Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. 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
Pay Range
$69,292.50 - $119,433.00
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.
