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Cecl Loss Forecasting Jobs in Arizona (NOW HIRING)

Global Credit Union

Financial Risk Analyst I

Glendale, AZ · On-site

$69K - $112K/yr

... forecasting, scenario analyses of the ALM process. * Assist in developing financial risk analyses ... Prepare the monthly Allowance for Loss calculations and assist in maintaining the CECL model.

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Cecl Loss Forecasting information

What is CECL loss forecasting?

CECL loss forecasting refers to the process of estimating credit losses under the Current Expected Credit Loss (CECL) accounting standard. This involves projecting future credit losses for financial assets such as loans, based on historical data, current conditions, and reasonable forecasts. CECL requires institutions to recognize expected lifetime losses at the time of asset origination or purchase, rather than waiting for losses to become probable. Accurate CECL loss forecasting helps banks and lenders maintain appropriate reserves and comply with regulatory requirements.

What skills and qualifications are needed for a CECL loss forecasting analyst?

To thrive as a CECL Loss Forecasting Analyst, you need strong quantitative analysis skills, knowledge of accounting standards (especially CECL), and a background in finance or statistics, often supported by a relevant degree. Proficiency with statistical modeling tools (such as SAS, R, or Python), data visualization platforms, and experience with financial reporting systems are typically required. Attention to detail, critical thinking, and clear communication are crucial soft skills for interpreting complex data and presenting findings to stakeholders. These skills and qualities ensure accurate loss forecasts, regulatory compliance, and informed decision-making within financial institutions.

What are common challenges in CECL loss forecasting roles and how can they be addressed?

Professionals in CECL (Current Expected Credit Loss) Loss Forecasting often encounter challenges such as managing large volumes of complex data, keeping up with evolving regulatory requirements, and ensuring model accuracy under varied economic scenarios. To address these challenges, it's important to stay current with industry best practices, collaborate closely with cross-functional teams like risk management and IT, and engage in regular model validation and documentation. Leveraging advanced analytics tools and participating in ongoing training can also help professionals stay effective and compliant in this dynamic field.

What is the difference between Cecl Loss Forecasting vs Credit Risk Analyst?

AspectCecl Loss ForecastingCredit Risk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; familiarity with accounting standardsBachelor's degree in finance, economics, or related field; analytical skills
Work EnvironmentFinancial institutions, banks, or credit organizations focusing on loss estimationBanks, lending institutions, or credit agencies assessing borrower risk
Industry UsagePrimarily in banking and financial services for loan loss provisioningAcross banking, lending, and credit sectors for risk assessment

Cecl Loss Forecasting specializes in estimating expected credit losses using accounting standards like CECL, focusing on loss provisioning. Credit Risk Analysts evaluate borrower creditworthiness and assess risk, often using similar data but with a broader scope. While both roles require financial analysis skills, Cecl Loss Forecasting is more focused on loss estimation models, whereas Credit Risk Analysts handle overall credit risk assessment.

What are popular job titles related to Cecl Loss Forecasting jobs in Arizona?

For Cecl Loss Forecasting jobs in Arizona, the most frequently searched job titles are:

What job categories do people searching Cecl Loss Forecasting jobs in Arizona look for?

The top searched job categories for Cecl Loss Forecasting jobs in Arizona are:

Cecl Loss Forecasting jobs near you
Infographic showing various Cecl Loss Forecasting job openings in Arizona as of August 2026, with employment types broken down into 79% Full Time, 19% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution.

Financial Risk Analyst I

Global Credit Union

Glendale, AZ • On-site

$69K - $112K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 10 days ago

Global Credit Union rating

8.4

Company rating: 8.4 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

Job description

Overview

Reports to: Manager, Financial Risk

Functions Supervised: None.

Primary Functions: Conduct detailed, comprehensive and independent financial risk analyses.Duties and Responsibilities:

  • Assist in performing asset/liability management (ALM) process using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV).
  • Assist in business planning, budgeting, forecasting, scenario analyses of the ALM process.
  •  Assist in developing financial risk analyses and stress testing for IRR, credit risk, concentration risk, liquidity risk, and capital risk and prepare management reports applicable to financial risks inherent to the credit union.
  • Assist in maintaining and assessing the credit union's financial model assumptions and attributes, perform sensitivity analyses including beta's, decay rates, prepayment speeds.
  •  Prepare the monthly Allowance for Loss calculations and assist in maintaining the CECL model.
  • Analyze large quantities of data, perform model governance and back testing, and review data for integrity to validate results and improve model accuracy.
  •  Prepare ad-hoc financial risk analyses independently, efficiently, and accurately.
  • Enhance analyses though automation & improvement, monitor and document related processes.
  • Effectively communicate results of analyses and risk assessments to management and other analysts.
  • Build collaborative relationships with coworkers, management, and vendors to create a positive, productive, and efficient work environment.
  • Maintain an understanding of credit union policies and regulatory requirements pertaining to financial risks and assist in reviewing policies and procedures.
  • Perform other duties as assigned.
    • Qualifications

    Education: Bachelor's Degree in Finance, Accounting, Economics, Mathematics, Business Administration or related field.

    Creditable Experience in Lieu of Education: Four years experience in a similar position or in an analytical environment. Experience with FISERV AL Risk Management software or other ALM software preferred.

    Experience/Skills: Preferably four years of experience in similar or related position. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated use of quantitative and analytical skills. Must be well organized, detail-oriented, have excellent problem-solving analytical mind, and be self directed with minimal supervision. Demonstrated ability to prioritize tasks, meet deadlines and perform in an intermittent high-stress, fast-paced environment. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Demonstrated proficiency using MS Office with emphasis in Excel and knowledge of macros, VBA, pivot tables, and statistical functions. Experience with data warehouse and data analytics as it relates to financial analysis and financial modeling.Tenure: Assignment to the Financial Risk Analyst I (Category 10), Financial Risk Analyst II (Category 09) or Financial Risk Analyst III (Category 08) will be determined by the candidate's education or experience. Advancement requires management recommendation and will be based on the candidate's certifications and/or performance.

    Compensation

    Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.

    Salary Pay Range: 08

    $79,989 - $132,798 annually

    Salary Pay Range: 09

    $69,557 - $112,677 annually

    Salary Pay Range: 10

    $63,233 - $99,908 annuallyBenefits
    • Short-term and long-term incentives
    • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
    • 401(k) plan with a 5% match
    • Employee Assistance Program (EAP)
    • Life and disability coverage
    • Voluntary cash benefits for accident, hospitalization and critical illness
    • Tuition Reimbursement
    • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
    • Click here to view Global's comprehensive Benefits Programs

    Equal Opportunity Employer

    Employment Type: FULL_TIME

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