In this session, we will get into the “nuts and bolts” of using two methodologies to sensitivity test our decisions to different environments. We’ll discuss how uncertainty about the future provides an important lever to calibrate allowance results, and how that uncertainty has been used by our many successful clients to establish a ‘baseline’ of allocation without reliance on over-engineered qualitative frameworks. If you’ve been following our decision framework, the reliance on and scrutiny of a qualitative layer can be simplified, resulting in a CECL practice that is paradoxically simpler than the prevailing practices for establishing incurred loss estimates.
This live session is eligible for one NASBA CPE credit.
Manager, Advisory Services at Abrigo
As Manager in Abrigo’s Advisory Services, Jared Mills provides banking advisory services and assists with strategic direction and feedback for product development. He specializes in ALLL, CECL transition, and various other portfolio risk analytics. Prior to joining Abrigo, he was the Assistant Director of Accounting at South Carolina State FCU and played a key role in the institution’s ALLL process.
Managing Director, Advisory Services at Abrigo
Garver brings a decade of enterprise software, analytic, and advisory experience to Abrigo’s advisory team. Prior to joining Abrigo, Garver was a Technical Consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a Managing Partner of the Orange Advisory Group.
CECL Streamlined is a webinar series developed and led by consultants who have helped hundreds of institutions to successfully implement CECL. The four-part series covers major steps and milestones in chronological order to ensure 2023 filers stay on track and feel confident in their CECL transition.
Learn how to decide what data and information to incorporate in your CECL estimate.
Review best practices for identifying potential peer institutions for your estimation.
Learn techniques to calibrate the historical loss basis to anticipated economic conditions.
Abrigo's ALLL and CECL software is endorsed by the American Bankers Association and trusted by more than 1,000 financial institutions. Get support beyond a username and password with Abrigo's award-winning service and advisory team of CECL experts. Our in-house consulting group provides a range of services from CECL transition plans to outsourced calculations.
The live webinar session is eligible for one NASBA CPE credit.
Anyone with responsibilities related to the allowance or transition to CECL.
Advanced Preparation: N/A
Prerequisites: Intermediate background in allowance, accounting, or regulatory compliance
Program Level: Intermediate
Delivery Method: Group Internet
Abrigo is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
