Senior Credit Loss Accounting Analyst

Hancock Whitney; New Orleans (LA); On-site; USD 90,000 - 130,000; Full time

Job summary

Hancock Whitney seeks a Credit Loss Accounting Analyst to perform credit risk analysis, ACL accounting, loss forecasting, and related SEC/regulatory disclosures. You will prepare schedules, support governance reviews, and ensure accurate reporting for loans and allowances.

Responsibilities include ACL model development and quarterly monitoring, coordinating with risk managers, and delivering materials for Board discussions.

Qualifications

• Bachelor’s degree in finance or quantitative field required.
• Familiar with Generally Accepted Accounting Principles (GAAP).
• 5+ years of related analytics experience; banking experience preferred.
• Strong understanding of credit risk concepts including PD, LGD, EAD, and lifecycle effects.
• Proficient in Excel; VBA/macros experience is highly valued.

Responsibilities

• Supports the ACL process: model development, execution, analysis, and documentation.
• Analyzes portfolio credit performance to identify key drivers.
• Presents quarterly credit loss results to executive management and the Board.
• Produces schedules and materials for SEC disclosures and regulatory reporting.
• Monitors models for loss forecasting and ACL on a quarterly basis.
• Collaborates with risk managers to ensure timely delivery of results.

Skills

Credit risk concepts

Statistics

Analytical skills

Attention to detail

Education

Bachelor’s degree in finance or quantitative field

Tools

SAS

SQL

ODBC

OLEDB

Excel

PowerPoint

Visual Basic

Job description

JOB FUNCTION / SUMMARY:

Credit Loss Accounting Analyst is responsible performing credit risk analysis, accounting for credit losses, loss forecasting and computation of the Allowance for Credit Losses (ACL) for all loan and lease portfolios. This position serves a critical role in providing data, performing analysis, and completing documentation for reporting of loans, allowance for credit losses, and other credit related disclosures for the Company’s internal and external financial reports, which includes but is not limited to SEC and shareholder reports, regulatory filings, or executive management and Board of Director packages.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Supports the Bank’s ACL process, including model development, execution, analysis, and documentation. Assist in supporting recommendations to Senior Management for provision and reserve levels monthly and run official ACL estimation quarterly.


• Applies existing accounting standards and regulatory rules and regulations and tracks emerging issues relating to the ACL.


• Analyzes portfolio credit performance across portfolio segments to develop an understanding of the key drivers of portfolio performance.


• Assists with presenting quarterly credit loss results to executive management as part of the governance processes. This would include producing and providing materials for discussion for Executive management and the Board of Directors.


• Provides information and schedules related to credit loss inquiries and exams from model governance, internal audit, external audit and other regulators.


• Performs quarterly monitoring of all models related to loss forecasting, ACL.


• Collaborates with business and credit risk managers to ensure the timely delivery of results and related analysis.


• Performs functions to support loan and acquisition accounting.


• Executes assigned internal controls and reconciliations on a monthly and quarterly basis.


• Documents analysis regarding selection of assumptions utilized in credit loss estimation process.


• Maintains monthly and quarterly reporting processes to provide and disseminate information necessary for SEC, regulatory, and internal reporting.


• Identifies and resolves problems and inconsistencies, determining appropriate corrective procedures.


• Contributes to credit loss reporting packages at least quarterly to satisfy board reporting requirements, auditors, and other regulators.


• Prepare various journal entries, SEC disclosures, and regulatory reporting related to credit losses and loan accounting in accordance with the respective accounting guidance.


• Determines work procedures, prepares work schedules, and expedites workflow.


• Completes various projects by the assigned due date or deadline, coordinating with other departments in the company.

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

• Bachelor’s Degree preferably in a quantitative or finance discipline.


• Familiar with Generally Accepted Accounting Principles.


• 5+ years of related analytics experience required; Banking experience preferred.


• Basic knowledge of advanced credit risk concepts desired, including probability of default (PD), loss given default (LGD), exposure at default (EAD), vintage and lifecycle effects, segmentation strategies, etc.


• Solid understanding of statistics. Familiarity with building credit risk forecasting models such as roll rate, vintage, regression and probabilistic models highly desirable.


• Strong knowledge of Microsoft Access, Excel, and PowerPoint, particularly knowledge of Visual Basic and usage of macros within Excel. Prior experience building financial models within Excel is very important.


• Knowledge of data querying languages and software, such as SAS, SQL, ODBC, OLEDB desired.

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

• Ability to travel if required to perform the essential job functions


• Ability to work under stress and meet deadlines


• Ability to operate related equipment to perform the essential job functions


• Ability to read and interpret a document if required to perform the essential job functions


• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.