Manager Accounting Loan and Credit Losses

US-WA-Tukwila
1 month ago
Job Title
Manager Accounting Loan and Credit Losses
Category
Accounting/Finance/Treasury
Position Type
Regular Full-Time

BECU Opening Statement

How would you like to be part of an organization where member values and company values are one and the same? Whose culture encourages and expects employees to advocate for our members -- which has made us the most trusted and respected financial institution throughout the communities we serve and support. That’s BECU—where we put Members First.

We’re looking for dynamic, passionate, engaged employees who value doing what’s right to serve our members – and take pride in knowing that our success depends on everyone who comes to work with us each day.

BECU is one of the nation’s leading credit unions, serving our Members for over 80 years. We know our people are what make us special, and we seek to employ those who want to make a difference. If that’s you, then read on…

Summary

The Manager, Accounting Loan and Credit Losses is responsible for ensuring the controls, accounting documentation and processes related to allowance for loan and lease losses (ALLL) and lending activities are designed and executed properly and in accordance with Generally Accepted Accounting Principles (GAAP). The Manager, Accounting Loan and Credit Losses will serve as an expert for accounting and disclosure matters related to loan and credit and act as a liaison on accounting for lending and credit matters with all stakeholders, including credit risk, business credit administration, portfolio management and senior management. The role will also lead and be accountable for multi-year project activities and implementation efforts related to loan and credit accounting matters.

In this job, you will

• Perform all responsibilities in accordance with BECU Competencies, compliance, regulatory and Information Protection requirements.
• Ensure the ALLL methodology and documentation is in accordance with GAAP and provide effective challenge to ALLL models.
• Ensure that qualitative factor adjustments are supportable, reasonable and in accordance with GAAP and provide analytic and strategic support to quantitative and qualitative process.
• Analyze impaired loan and trouble debt restructure treatment in accordance with GAAP.
• Partner with credit departments to ensure timely decisions and treatment, including, but not limited to specific reserves, charge-offs and nonaccrual classification.
• Lead the accounting implementation and operationalization of new accounting guidance related to loan and credit, including Current Expected Credit Loss model (CECL).
• Ensure accounting for lending activities is in accordance with GAAP and related disclosures are accurate, including but not limited to deferred loan fees and costs, loans held for sale, fair value option, shadow accounting, and loan participations.
• Evaluate the internal controls in place with respect to the calculation of the ALLL and lending activities to ensure they are properly documented and executed. Work closely with credit and lending departments to support appropriate procedure and documentation of controls.
• Serve as accounting expert for accounting and disclosure matters related to loan and credit. Partner with accounting control and policy to conduct research, document positions and policies and execute key internal controls over financial reporting.
• Serve as liaison on accounting for lending and credit matters with all stakeholders, including credit risk, business credit administration, portfolio management and senior management.
• Manage the activities of assigned Accounting staff. Review department work for compliance with GAAP, regulatory requirements and defined processes/procedures, completeness, appropriate classification and adequacy of supporting documentation. Manage the maintenance and timely reconciliation of general ledger accounts in accordance with GAAP.
• Ensure that written processes and procedures are documented for all managed functions, staff are cross-trained to maintain continuity of service and record retention requirements are maintained and followed.
• Provide ongoing coaching, mentoring and training of staff to develop and encourage their performance. Meet with staff on a timely basis for the purpose of conducting personnel evaluations and providing feedback.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in Accounting or equivalent work or education-related experience required.
• Minimum of six years of accounting and management experience in the financial industry required.
• CPA required.
• Excellent conceptual, organizational, analytical and project management skills.
• Thorough knowledge of GAAP pertaining to ALLL and lending activities required.
• Proficient verbal and written skills to effectively communicate and provide customer service required.
• Effective leadership and negotiation skills required.
• Full-time hours required with additional hours as necessary.

EEO Statement

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

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