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CECL LIVE

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Abrigo's Sageworks ALLL Software Training

CECL LIVE is a 5-week long virtual training course that will equip Abrigo users with the tools needed to develop a loss rate model using the Abrigo Sageworks ALLL solution. During the sessions, users will learn about the remaining life and discounted cash flow (DCF) methodologies and how to use these techniques to build their first CECL models in Sageworks. 

The course requires a commitment of at least 5 hours a week including attendance to a live webinar. Then you will work on applying the concepts in your environment by completing weekly assignments and ending each week with a knowledge check. All live sessions will be recorded and made available to attendees afterwards, along with the presentation slides.

CECL LIVE Benefits

  • 10-hours of live training time to dive deep into key concepts
  • Focused real-world scenarios
  • Micro-learning content
  • Clearly guided assignments with adequate time to practice
  • Customer-to-customer message boards to exchange ideas, monitored by instructors
  • All customers are eligible for an additional 60-minute 1:1 Product Q&A after successfully completing the course
  • Plus, gain an Abrigo Rewards point for completing the training
Topics Covered

Week 1

  • What is a baseline archive
  • How to reconcile loan balances in Sageworks
  • Entering transactions (charge-offs & recoveries)
  • Analyzing individual loans

Week 2

  • Historical data and economic cycle considerations
  • Remaining life calculator (input)
  • Remaining life methodology
  • General forecast policy

Week 3

  • Discounted Cash Flow (DCF) methodology explained
  • DCF loan information (core data inputs)
  • Probability of Default/ Loss Given Default (PD/LGD) within DCF
  • Other DCF input assumptions
  • Review DCF results

Week 4

  • Regression Analysis- Loss Rate Modeling
  • Goodness of fit
  • Finalizing a forecast model with reversion
  • Applying a forecast model in WARM and DCF

Week 5

  • Qualitative factors
  • Amortized cost
  • Securities reserve
  • Unfunded commitments

Training Details:

Sessions will be conducted via WebEx and will require pre-work in Abrigo University and post-work in your Sageworks Analyst account. Pre-work is expected to take less than 30 minutes per week. Assignments (real world modeling) post-live instruction can vary depending on your institutions desire to complete a scenario calculation. Recordings of all sessions will be provided to attendees after course completion along with slides, and attendees will receive an Abrigo Rewards point.

Webinar sessions are 2 hours each week for 5 consecutive weeks.

CECL LIVE is offered monthly and available for registration in Abrigo University! Log into your Sageworks Analyst and head to Abrigo U's Portfolio Risk page to sign up today.

Who should attend:

CECL LIVE is only open to Abrigo clients and is geared toward all users of the Sageworks ALLL solution.

Registration Fee

Registration is FREE for all customers.

Seats are limited.

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