ACL & Credit Portfolio Officer

Central Pacific Bank•Honolulu, HI

8d•$72,491 - $102,665•Onsite

About The Position

Primarily responsible for leading activities in credit loss forecasting and allowance for credit losses (ACL), analyzing/reporting portfolio performance, monitoring for emerging credit risk, and synthesizing/incorporating market and economic trends. This includes periodically analyzing delinquency, nonaccrual, and charge-off data against current ACL coverage ratios for adequacy determination; assessing changes in loan portfolio risk characteristics; continuously enhancing evaluation metrics for the loan portfolio; and preparing well-supported documentation on risk component calculations and analyses, including performing timely, accurate and robust control testing procedures. Ensuring the accuracy, efficiency, and transparency of credit loss reserves while enhancing data-driven reporting and decision-making. This role works closely with finance, credit, risk, and technology teams to enhance and streamline reserve methodologies, improve reporting processes, and drive automation initiatives. Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Requirements

Bachelor’s Degree from an accredited 4-year university, preferably in Accounting, Finance, Economics, Statistics, Mathematics, or a related field required.
5+ years of banking experience, with a preference in credit risk, forecasting, accounting, and/or loan portfolio reporting required

Responsibilities

Execute CECL models on a recurring basis, including data preparation, model runs, validation checks, and reconciliation to source systems.
Calculate and analyze credit risk reserves across diverse loan portfolios, ensuring alignment with accounting standards.
Develop and maintain reserve forecasting models, stress-testing frameworks, and scenario analyses.
Identify key drivers of reserve changes, trends in portfolio performance, and emerging credit risks.
Utilize various data tools to perform risk, financial and data analyses including profiling, sampling, forecasting and due diligence.
Work collaboratively with other team members to create monthly and quarterly loan reporting; identify, investigate, and work to resolve issues relative to integrity of data extracts.
Continuously enhancing evaluation metrics and reporting tools for the loan portfolio.
Prepare credit risk management reports/presentations for senior management that include analytics on asset quality, concentration and diversification, expected portfolio performance and areas of potential risk and/or opportunity.
Assist Management and lending units in identifying, assessing, and mitigating risks.
Prepare well-supported documentation on forecast methodology and assumption decisions.
Assists with the review and update of the ACL Committee charter, policies & procedures.
Ensure that the bank is in compliance with regulatory risk management requirements and directives.
Performs accurately and timely SOX controls and periodic testing.
Work closely with Enterprise Risk Management to ensure adherence to all policy requirements.
Support continuous improvement and other initiatives.