ProBank Austin’s CECL team has vast experience in working with loan data extracts, storing extensive bank financial data, and computer programming. Our team consists of CPAs, former regulators, and programming experts to provide a practical approach for community institutions. From upfront consulting services, as well as outsourced solutions, we offer all of the methods and none of the madness.
Here is a partial list of services we offer to provide a practical CECL solution for your institution:
- Develop a custom timeline for analysis, comparison, and ultimately implementation.
- Consult with management on data collection fields, sources and storage.
- Consult on loan pool segmentation.
- Model CECL methodologies using your data for comparison to current ALLL conclusions.
- Run your CECL model quarterly parallel to your existing ALLL process up to implementation.
- Develop a CECL policy covering assumptions, internal controls, and model governance.
- Train your board and/or audit committee and risk management personnel.
Run your customized CECL model quarterly thereafter and providing documentation needed to support required disclosures.