First Internet Bank
About The Position
As the Senior Current Expected Credit Losses (CECL) Analyst you will be responsible for performing all aspects of the Company’s CECL calculation, including the analysis, calculation, documentation and reporting of the Company’s allowance for credit losses (ACL) in accordance with the CECL accounting standard. Additionally, you will assist with credit quality reporting and the completion of other various projects. What You Will Do
Prepare/analyze the monthly calculation of the Company’s ACL using prescribed methodology Perform analysis of credit data, loan portfolios and economic indicators to identify trends and determine credit risk Create and maintain supporting documentation for the CECL calculation to satisfy regulatory and audit requirements Maintain operational and design effectiveness of internal controls over CECL to ensure compliance with Sarbanes-Oxley Complete stress testing of the CECL model for risk and reporting purposes Collaborate with multiple departments, including compliance, risk, audit and credit to ensure complete and accurate reporting Implement updates and changes to the CECL model as needed Review credit quality reporting to ensure accuracy and completeness Update and review credit quality metrics and the CECL calculation that are included in the financial package that supports the quarterly earnings press release and accompanying presentation Act as the Company’s liaison for external and internal auditors during quarterly reviews and the year-end audit related to CECL and SOX controls Prepare communications and presentations related to CECL for management and internal committees, including the ACL Committee, Board of Directors and the Audit Committee Assess current processes, and work with IT and the Company’s CECL vendor to advance automation with technology Oversee and update policies and procedures for completing the ACL policy and CECL calculation Contribute to the preparation of SEC filings as needed Various other projects as assigned by management What We’re Looking For
A Bachelor’s or Master’s Degree in Accounting is required A Certified Public Accountant (CPA) designation is preferred A minimum of three years of progressive experience in either a Big 4 or large regional public accounting firm and/or a financial reporting or credit risk role in a public entity Financial services industry experience strongly preferred Knowledge/familiarity of CECL accounting standards and compliance Candidate must be self-motivated and results-oriented with the ability to function effectively within established deadlines and possess the ability to work in a team environment Ability to manage multiple tasks and changing priorities in a fast-paced environment Takes initiative for continuous improvement and drives efficiency Strong technical skills in Excel; experience using Prologue and Abrigo/Sageworks is a plus Detail oriented with strong analytical capabilities as well as effective written and verbal communication skills Capable of working independently Ability and willingness to take on additional responsibilities as necessary Working Conditions/Demands
Professional office setting Primarily sedentary position requiring long periods of time working at a computer Must be able to move throughout the office and buildings to obtain or relay information Must be able to perform the essential functions of the position with or without reasonable accommodation Who Are We?
We’re not just another bank and we’re not looking for just another employee. First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. We were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since. Why Join Us?
Our success is driven by four core competencies – customer focus, teamwork, adaptability and initiative. We’ve been named a top workplace by the Indianapolis Star and one of the Best Banks to Work For. We offer a modern headquarters, wellness amenities, and a culture focused on growth and collaboration. Benefits
Medical, Dental, Vision Insurance 401(k) Retirement Plan with Generous Match Professional Development Reimbursement 3 Weeks Paid Vacation Plus Paid Holidays Paid Volunteer Time Business Apparel Allowance Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities
#J-18808-Ljbffr
As the Senior Current Expected Credit Losses (CECL) Analyst you will be responsible for performing all aspects of the Company’s CECL calculation, including the analysis, calculation, documentation and reporting of the Company’s allowance for credit losses (ACL) in accordance with the CECL accounting standard. Additionally, you will assist with credit quality reporting and the completion of other various projects. What You Will Do
Prepare/analyze the monthly calculation of the Company’s ACL using prescribed methodology Perform analysis of credit data, loan portfolios and economic indicators to identify trends and determine credit risk Create and maintain supporting documentation for the CECL calculation to satisfy regulatory and audit requirements Maintain operational and design effectiveness of internal controls over CECL to ensure compliance with Sarbanes-Oxley Complete stress testing of the CECL model for risk and reporting purposes Collaborate with multiple departments, including compliance, risk, audit and credit to ensure complete and accurate reporting Implement updates and changes to the CECL model as needed Review credit quality reporting to ensure accuracy and completeness Update and review credit quality metrics and the CECL calculation that are included in the financial package that supports the quarterly earnings press release and accompanying presentation Act as the Company’s liaison for external and internal auditors during quarterly reviews and the year-end audit related to CECL and SOX controls Prepare communications and presentations related to CECL for management and internal committees, including the ACL Committee, Board of Directors and the Audit Committee Assess current processes, and work with IT and the Company’s CECL vendor to advance automation with technology Oversee and update policies and procedures for completing the ACL policy and CECL calculation Contribute to the preparation of SEC filings as needed Various other projects as assigned by management What We’re Looking For
A Bachelor’s or Master’s Degree in Accounting is required A Certified Public Accountant (CPA) designation is preferred A minimum of three years of progressive experience in either a Big 4 or large regional public accounting firm and/or a financial reporting or credit risk role in a public entity Financial services industry experience strongly preferred Knowledge/familiarity of CECL accounting standards and compliance Candidate must be self-motivated and results-oriented with the ability to function effectively within established deadlines and possess the ability to work in a team environment Ability to manage multiple tasks and changing priorities in a fast-paced environment Takes initiative for continuous improvement and drives efficiency Strong technical skills in Excel; experience using Prologue and Abrigo/Sageworks is a plus Detail oriented with strong analytical capabilities as well as effective written and verbal communication skills Capable of working independently Ability and willingness to take on additional responsibilities as necessary Working Conditions/Demands
Professional office setting Primarily sedentary position requiring long periods of time working at a computer Must be able to move throughout the office and buildings to obtain or relay information Must be able to perform the essential functions of the position with or without reasonable accommodation Who Are We?
We’re not just another bank and we’re not looking for just another employee. First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. We were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since. Why Join Us?
Our success is driven by four core competencies – customer focus, teamwork, adaptability and initiative. We’ve been named a top workplace by the Indianapolis Star and one of the Best Banks to Work For. We offer a modern headquarters, wellness amenities, and a culture focused on growth and collaboration. Benefits
Medical, Dental, Vision Insurance 401(k) Retirement Plan with Generous Match Professional Development Reimbursement 3 Weeks Paid Vacation Plus Paid Holidays Paid Volunteer Time Business Apparel Allowance Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities
#J-18808-Ljbffr