ACL Reporting Team Lead

About the Role

The ACL Reporting Team Lead is responsible for leading and supporting key analytical and reporting activities in support of the allowance for credit losses (ACL), including mentoring junior analysts, overseeing quarter-end allowance results reporting, and ensuring accurate journal entries and external reporting schedules. This is an active leadership role that will drive operational process improvements and modernization initiatives across the allowance for credit loss team that support workflow efficiency, transparency of results, reduced operational risks and adherence to accounting standards.

Responsibilities

• Help direct junior analysts on the team and provide first line detailed reviews
• Ensure quarter end allowance results are appropriately recorded, including overseeing journal entries, and external reporting
• Support effective management of estimation methods pursuant to various risk management programs and ensure compliance with those policies
• Coordinate quarter-end ACL recording, preparing and reviewing provision journal entries, conducting reserve analyses for other assets, and reviewing key control schedules
• Provide first-line review and guidance for junior team members, support compliance with various risk and reporting requirements, and ensure the accurate and timely completion of all related processes
• Effect changes to reporting data sources or methods to maintain adherence to regulatory / accounting guidance changes
• Maintain attribution of changes and bottom-up support for quarterly ACL balances
• Maintain documentation of CCAR methods and controls related to ACL
• Lead communications and documentation to support design and audit of ACL process controls assigned to reporting processes
• Serve as ACL subject matter expert for all method/EUCT compliance questions
• Act as liaison in charge of coordinating with MRG (models), FRR (QEAs) and Credit Reporting (EUCTs) for validations, annual reviews, method changes, etc. related to methods owned by the ACL team
• Serve as primary method owner for select methods/EUCTs owned by the ACL team
• Work with junior analysts to maintain method documentation, including development and monitoring documents, and address validation feedback

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically more than eight years of applicable experience

Preferred Skills/Experience

• Certified Public Accountant (CPA)
• Considerable knowledge of regulatory and financial accounting guidance relevant to CCAR / CECL and credit expense reporting
• Effective presentation, verbal and written communication skills
• Ability to work effectively with individuals and groups in generating credit reporting and explaining drivers of results
• Ability to assess process flows and identify key risks and risk mitigants
• Understanding of key credit performance ratios
• Knowledge of bank lending products, lending structures and risk management models

Schedule

This role requires working from a U.S. Bank location three (3) or more days per week.

Pay

$119,765.00 - $140,900.00

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law