Credit & Financial Risk Analyst at S&T Bank in Indiana, PA
Description Main Office:
800 Philadelphia Street, Indiana, PA 15701 Work Days and Expected Hours:
Monday-Friday:
8:
00 AM to 5:
00 PM (Additional hours as necessary to meet the objectives of the department). Function:
Responsible for performing various credit accounting functions and computation of the Allowance for Credit Losses (ACL) and working closely with the software system supporting the calculations and analyses. This position also serves a critical role in reviewing data, performing analyses, and completing documentation for the determination and reporting of the allowance for credit loss. Duties and
Responsibilities:
Maintains an understanding of and keeps up to date with various reserve principals and applicable accounting guidance, including ASU 2016-13/ASC 326-20 (Current Expected Credit Loss Model) and applicable regulatory guidance pertaining to reserves and model governance. Performs trend and variance analysis of credit metrics including watch and criticized and classified credits, TDRs, Non- Performing Loans, delinquency, and charge-offs and reports these trends to management. Assists the Financial Reporting Manager with managing the review process for and performing detailed reviews of individual loan evaluations, troubled debt restructures (TDRs) and accrual restorations. This includes ensuring all relevant processes and procedures are done in accordance with applicable policies and procedures and are in adherence with SOX controls. Works closely with the credit systems administrator in the quarterly computation of the ACL model and the ACL software systems supporting calculations and analyses. This includes having a thorough understanding of the quantitative and qualitative framework of the CECL model. Works closely/collaborates with Managed Assets and Data Analytics areas on daily basis. Compiles all relevant reporting, analyses and supporting documentation for ACL manager meetings and the quarterly ACL Committee. Assists with performing various analyses and compiling documentation for the annual CECL model update, which includes the methodology document, ACL model update memo and model risk management template. Provides various credit related reporting to Executive Management and assists with the compilation of data for board presentations. Coordinates the annual review and update process of all relevant corporate policies and departmental procedures pertaining to the ACL. Assists the Financial Reporting Manager with satisfying internal and external audit findings, especially as they relate to the ACL. Attends and is an active member of the quarterly Criticized Asset Meeting and ACL Committee. Assists in the compilation of various credit related items used for the Form 10-K and 10-Q. Works independently with the Financial Reporting Manager in the design, implementation and on-going enhancements of all financial reporting items stemming from actions of the Managed Assets Division in conjunction with the Managed Assets Division Manager. Prepares journal entries and performs related account reconcilements, as assigned. Maintains a good working relationship with bank employees in other departments. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the organization. Assumes additional responsibilities as required. Physical Demands Operates a keypad device:
90% of the day; operates office equipment:
5% of the day. The primary parts of the body involved in performing these tasks are the fingers, thumbs, hands, wrists, and elbows. Sitting is required 8 hours per day. Must be able to occasionally lift and/or move up to 10 lbs. Use of manual dexterity skills for typing up to 40% of the business day. Specific vision requirements include close vision of 18-20, distance vision and depth perception for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Qualifications Education Required Bachelors or better in Accounting or related field. Bachelors or better in Finance or related field. Experience Required 5-10 years:
Requires five to ten years of general experience and two to five years of specialized experience with credit related/statistical analysis. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary Range:
$80K -- $100K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
800 Philadelphia Street, Indiana, PA 15701 Work Days and Expected Hours:
Monday-Friday:
8:
00 AM to 5:
00 PM (Additional hours as necessary to meet the objectives of the department). Function:
Responsible for performing various credit accounting functions and computation of the Allowance for Credit Losses (ACL) and working closely with the software system supporting the calculations and analyses. This position also serves a critical role in reviewing data, performing analyses, and completing documentation for the determination and reporting of the allowance for credit loss. Duties and
Responsibilities:
Maintains an understanding of and keeps up to date with various reserve principals and applicable accounting guidance, including ASU 2016-13/ASC 326-20 (Current Expected Credit Loss Model) and applicable regulatory guidance pertaining to reserves and model governance. Performs trend and variance analysis of credit metrics including watch and criticized and classified credits, TDRs, Non- Performing Loans, delinquency, and charge-offs and reports these trends to management. Assists the Financial Reporting Manager with managing the review process for and performing detailed reviews of individual loan evaluations, troubled debt restructures (TDRs) and accrual restorations. This includes ensuring all relevant processes and procedures are done in accordance with applicable policies and procedures and are in adherence with SOX controls. Works closely with the credit systems administrator in the quarterly computation of the ACL model and the ACL software systems supporting calculations and analyses. This includes having a thorough understanding of the quantitative and qualitative framework of the CECL model. Works closely/collaborates with Managed Assets and Data Analytics areas on daily basis. Compiles all relevant reporting, analyses and supporting documentation for ACL manager meetings and the quarterly ACL Committee. Assists with performing various analyses and compiling documentation for the annual CECL model update, which includes the methodology document, ACL model update memo and model risk management template. Provides various credit related reporting to Executive Management and assists with the compilation of data for board presentations. Coordinates the annual review and update process of all relevant corporate policies and departmental procedures pertaining to the ACL. Assists the Financial Reporting Manager with satisfying internal and external audit findings, especially as they relate to the ACL. Attends and is an active member of the quarterly Criticized Asset Meeting and ACL Committee. Assists in the compilation of various credit related items used for the Form 10-K and 10-Q. Works independently with the Financial Reporting Manager in the design, implementation and on-going enhancements of all financial reporting items stemming from actions of the Managed Assets Division in conjunction with the Managed Assets Division Manager. Prepares journal entries and performs related account reconcilements, as assigned. Maintains a good working relationship with bank employees in other departments. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the organization. Assumes additional responsibilities as required. Physical Demands Operates a keypad device:
90% of the day; operates office equipment:
5% of the day. The primary parts of the body involved in performing these tasks are the fingers, thumbs, hands, wrists, and elbows. Sitting is required 8 hours per day. Must be able to occasionally lift and/or move up to 10 lbs. Use of manual dexterity skills for typing up to 40% of the business day. Specific vision requirements include close vision of 18-20, distance vision and depth perception for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Qualifications Education Required Bachelors or better in Accounting or related field. Bachelors or better in Finance or related field. Experience Required 5-10 years:
Requires five to ten years of general experience and two to five years of specialized experience with credit related/statistical analysis. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary Range:
$80K -- $100K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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