Allowance for Credit Losses Analyst Lead

Flagstar Bank

10d • $88,779 - $154,227

About The Position

The Allowance for Credit Losses Analyst Lead applies strong analytical expertise while guiding the quarterly production of the company’s Allowance for Credit Losses (ACL) for the loan and lease portfolio. This role partners closely with cross-functional stakeholders, provides technical direction to the team, and performs complex analyses to support the estimation of expected credit losses. The Lead ensures adherence to the established methodology and maintains thorough documentation to support assumptions, analyses, and conclusions.

Requirements

• Undergraduate Degree (4 years or equivalent).
• 6+ Years in credit risk management, accounting, or related experience.
• Proficient in Python.
• Knowledge of financial analysis and financial forecasting.
• Working knowledge of data querying languages and software.
• Strong analytical and quantitative skills.
• Excellent writing skills.
• Excellent communication and presentation skills.
• Proven ability to independently manage assigned workflows, collaborate with various individuals, and deliver on commitments.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights.
• Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Nice To Haves

• Knowledge of CECL (Current Expected Credit Loss).
• Experience in mid-size and large financial institutions.
• Experience with Alteryx platform.

Responsibilities

• Coordinate and lead the quarterly production of the Allowance for Credit Losses (ACL) for the loan and lease portfolio, supporting the manager in overseeing team workflow and ensuring execution aligns with the established methodology and SOX control framework.
• Lead analysis of key drivers impacting changes in the ACL, including rate/volume dynamics, economic forecasts, and portfolio credit mix, helping the team identify, investigate, and resolve complex or unintuitive variances.
• Partner with the Credit function and other key stakeholders to support the manager in developing, evaluating, and documenting qualitative adjustments to the ACL.
• Oversee the preparation and maintenance of ACL documentation, including working group materials, governance presentations, ad hoc analyses, financial disclosures, and regulatory reporting support.
• Assist in communicating ACL results, key insights, and emerging risks to internal leadership and external stakeholders, helping ensure clear and consistent messaging.
• Support the manager in driving strategic initiatives to enhance the ACL framework, contributing to process improvements and effective implementation across the ACL program.
• Maintain strong working knowledge of relevant accounting standards, regulatory guidance related to Current Expected Credit Losses (CECL), and credit risk factors affecting the loan and lease portfolio to serve as a key technical resource for the team.
• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Benefits

• Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level