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Financial Analyst III-CECL (HYBRID or 100% REMOTE)

Company: Atlantic Union Bank
Location: Reston
Posted on: November 21, 2022

Job Description:

DescriptionThe Financial Analyst III is responsible for analyzing credit risk and providing statistical, economic and financial information to inform management's estimation of the allowance for credit losses under the CECL accounting standard. Incumbent applies advanced knowledge of finance, credit, economics and bank operations to work performed. Works under limited supervision and in compliance with established policies, procedures and regulations. Work is varied in nature with changing priorities.

Position Accountabilities


  • Conducts special studies to analyze the bank's credit risk and prepares recommendations for incorporation into the allowance for loan losses under CECL.
  • Analyzes financial information to assess present and future credit performance.
  • Identifies financial, credit, and economic trends and recommends improvements accordingly.
  • Establishes and maintains databases of pertinent information for use in analyzing and forecasting credit risk.
  • Help in the preparation of presentation materials for the quarterly Allowance Committee meetings.
  • Help maintain proper model documentation and policies and procedures related to running the CECL model and the associated SOX controls.
  • Run the CECL model for allowance estimation on a quarterly basis.
  • Help in the development and monitoring of CECL statistical models (e.g., PD, LGD and prepayment models).
  • Monitor credit performance of peer banks.
  • Assist with the preparation of credit-related inputs into bank's annual capital stress test.

    Organizational Relationship
    This position reports to the Director of Finance Risk & Analytics in the Corporate Controller's organization.

    Position Qualifications
    Education & Experience

    • Bachelor Degree in Finance, Economics, or Mathematics
    • 5+ years' experience, banking and credit risk management experience a plus
    • Statistical modeling experience a plus
    • MBA or Masters a plus


      Knowledge & Skills

      • Heavy financial modeling experience; understanding of accounting, economic and finance principles.
      • Ability to work under limited supervision and direction while managing multiple priorities.
      • Knowledge in financial management and analysis.
      • Knowledge of financial services, bank operations, products and services a plus.
      • Knowledge of credit risk management a plus.
      • Advanced analytical and problem-solving skills.
      • Detail-oriented.
      • Excellent leadership, organizational, interpersonal, verbal and communication skills.
      • Team-oriented. Project management experience.
      • Extensive knowledge of Microsoft Office to include Excel, Word, and Powerpoint.
      • Experience with programming (e.g., SQL, SAS, Python, R).
      • Statistical time series modeling experience a plus.


        Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

        We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.

Keywords: Atlantic Union Bank, Reston , Financial Analyst III-CECL (HYBRID or 100% REMOTE), Professions , Reston, Virginia

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