Old National Bank
ACL Analyst
Old National Bank, Saint Louis Park, Minnesota, United States,
ACL Analyst
Job Locations
US-IN-Evansville | US-IL-Chicago | US-TN-Nashville | US-MN-North St Paul | US-MN-St Louis Park | US-IN-Indianapolis
Category/Function
Treasury/Finance
Position Type
Regular Full-Time
Requisition ID
2024-15160
Overview
Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of
Impact Network Groups
led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.We currently have an open position for an Allowance for Credit Losses Consultant. The Accounting department is part of the broader Corporate Controller organization under the jurisdiction of the Chief Accounting Officer at Old National Bancorp (ONB). The Controllership group provides accounting compliance and oversight for all transactions, ensuring appropriate accounting treatment, adherence to internal controls and accurate financial statement reporting and presentation. The Accounting department is seeking an Allowance for Credit Losses Consultant to assist in our duties as a valued business partner, providing timely and accurate validation, modeling and close process support. The successful candidate will gain exposure and many opportunities to engage with the various cross-functional groups including but not limited to Credit, Operations, Finance, external auditors, and the Lines of Business which the Controllership group supports. To be considered for this role, candidates must have a basic understanding of US GAAP, possess strong time management and analytical skills, and be detail oriented.Responsible for general accounting duties for Old National Bank related to the allowance for credit losses ("ACL"), acquired loan accounting, and technical accounting matters. Including, but not limited to, current expected credit ("CECL") modeling, data validation, supporting monthly and quarterly closing processes, and preparing technical accounting memorandums.This position will primarily work with the staff and management in Accounting and Finance, Financial Reporting, Treasury, Financial Analysis, Credit Administration, and Tax.Key AccountabilitiesKey Accountability 1: Accounting ActivitiesSupport the monthly and quarterly closing process which includes maintaining the monthly close checklist for expected credit losses and acquisition loan accounting, including purchase credit deteriorated assets
Assist with the documentation, modeling, and validation of CECL, including quantitative and qualitative componentsPreparation of ad hoc technical accounting memorandums supporting the analysis of accounting and financial reporting standards in accordance with generally accepted accounting principlesKey Accountability 2:Report ActivitiesPreparation of financial reports and analysis related to CECL and acquired loan accounting, including purchase credit deteriorated assetsFulfillment of periodic reporting/data requests for the Financial Reporting department, auditor, or examiner, etc.Assist in the preparation of credit metric budgets and forecastsPrepares ad hoc analysis of credit performance and acquisitionsKey Accountability 3: Guide Accounting StaffReview of Monthly and Quarterly Operational Reports and address any questions or concernsPartner with accounting staff to prepare and review technical accounting memorandumsKey Competencies for PositionPromotes Change
- Actively seeks information to understand the rationale, implications, and impact for changes. Remains agile by quickly modifying daily behavior, leveraging resources, and trying new approaches to effectively embrace change. Willing to act quickly, learn, and adjust as needed. Identifies and recommends changes to leadership to improve performance.
Makes Decisions & Solves Problems
-Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency. Collaborates and seeks to understands the root causes of problems. Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time. Takes action that is consistent with available facts, constraints and probable consequence.Delights Clients
- Passionately serves internal/external clients with excellence. Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction. Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team. Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.Personifies ONB Culture
- Demonstrates pride in ONB. Consistently demonstrates Old National's culture and values in daily interactions. Models our values - how we show up in the workplace. Places the organization's goals before individual or team goals. Demonstrates the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.Qualifications and Education RequirementsBachelor's degree in Accounting or FinanceCPA designation desirable, but not required3-5 years accounting experience in banking or related industryExperience with CECL, credit analysis, and data analyticsPrevious supervisory experienceKnowledge of bank accounting systems desirable (Fiserv, Evolv, Longview, or ERP systems)Advanced PC skills with Microsoft Office (Word, PowerPoint, Excel, PowerBI)Excellent verbal and written communication skillsAbility to work independently and in multiple teamsOld National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific positionOur culture is firmly rooted in our core values.We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.We are Old National Bank. Join our team!Need help finding the right job?
We can recommend jobs specifically for you! Click here to get started.
If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)
Job Locations
US-IN-Evansville | US-IL-Chicago | US-TN-Nashville | US-MN-North St Paul | US-MN-St Louis Park | US-IN-Indianapolis
Category/Function
Treasury/Finance
Position Type
Regular Full-Time
Requisition ID
2024-15160
Overview
Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of
Impact Network Groups
led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.We currently have an open position for an Allowance for Credit Losses Consultant. The Accounting department is part of the broader Corporate Controller organization under the jurisdiction of the Chief Accounting Officer at Old National Bancorp (ONB). The Controllership group provides accounting compliance and oversight for all transactions, ensuring appropriate accounting treatment, adherence to internal controls and accurate financial statement reporting and presentation. The Accounting department is seeking an Allowance for Credit Losses Consultant to assist in our duties as a valued business partner, providing timely and accurate validation, modeling and close process support. The successful candidate will gain exposure and many opportunities to engage with the various cross-functional groups including but not limited to Credit, Operations, Finance, external auditors, and the Lines of Business which the Controllership group supports. To be considered for this role, candidates must have a basic understanding of US GAAP, possess strong time management and analytical skills, and be detail oriented.Responsible for general accounting duties for Old National Bank related to the allowance for credit losses ("ACL"), acquired loan accounting, and technical accounting matters. Including, but not limited to, current expected credit ("CECL") modeling, data validation, supporting monthly and quarterly closing processes, and preparing technical accounting memorandums.This position will primarily work with the staff and management in Accounting and Finance, Financial Reporting, Treasury, Financial Analysis, Credit Administration, and Tax.Key AccountabilitiesKey Accountability 1: Accounting ActivitiesSupport the monthly and quarterly closing process which includes maintaining the monthly close checklist for expected credit losses and acquisition loan accounting, including purchase credit deteriorated assets
Assist with the documentation, modeling, and validation of CECL, including quantitative and qualitative componentsPreparation of ad hoc technical accounting memorandums supporting the analysis of accounting and financial reporting standards in accordance with generally accepted accounting principlesKey Accountability 2:Report ActivitiesPreparation of financial reports and analysis related to CECL and acquired loan accounting, including purchase credit deteriorated assetsFulfillment of periodic reporting/data requests for the Financial Reporting department, auditor, or examiner, etc.Assist in the preparation of credit metric budgets and forecastsPrepares ad hoc analysis of credit performance and acquisitionsKey Accountability 3: Guide Accounting StaffReview of Monthly and Quarterly Operational Reports and address any questions or concernsPartner with accounting staff to prepare and review technical accounting memorandumsKey Competencies for PositionPromotes Change
- Actively seeks information to understand the rationale, implications, and impact for changes. Remains agile by quickly modifying daily behavior, leveraging resources, and trying new approaches to effectively embrace change. Willing to act quickly, learn, and adjust as needed. Identifies and recommends changes to leadership to improve performance.
Makes Decisions & Solves Problems
-Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency. Collaborates and seeks to understands the root causes of problems. Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time. Takes action that is consistent with available facts, constraints and probable consequence.Delights Clients
- Passionately serves internal/external clients with excellence. Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction. Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team. Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.Personifies ONB Culture
- Demonstrates pride in ONB. Consistently demonstrates Old National's culture and values in daily interactions. Models our values - how we show up in the workplace. Places the organization's goals before individual or team goals. Demonstrates the desire to be part of something beyond themselves by investing time, heart, and expertise to help clients and communities thrive.Qualifications and Education RequirementsBachelor's degree in Accounting or FinanceCPA designation desirable, but not required3-5 years accounting experience in banking or related industryExperience with CECL, credit analysis, and data analyticsPrevious supervisory experienceKnowledge of bank accounting systems desirable (Fiserv, Evolv, Longview, or ERP systems)Advanced PC skills with Microsoft Office (Word, PowerPoint, Excel, PowerBI)Excellent verbal and written communication skillsAbility to work independently and in multiple teamsOld National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific positionOur culture is firmly rooted in our core values.We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.We are Old National Bank. Join our team!Need help finding the right job?
We can recommend jobs specifically for you! Click here to get started.
If you're qualified for a position but need additional help with the application because of a disability, please email HRservices@oldnational.com (This email will respond to accommodation requests only.)