CECL Webinar Panel: Answers to Your Top Questions
As CECL is implemented, the allowance for loan and lease losses, or ALLL, is being called the allowance for credit losses, or ACL.
Presented by Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC
The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC who are helping thousands of institutions through this critical change.
They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more, while addressing your top concerns and questions.
The panel discussion will address:
- What we know about CECL
- What we have learned so far
- What we predict after implementation
- What challenges institutions are facing and how to solve them
Access the Recording
About the presenters
Neekis Hammond – Sageworks
Neekis Hammond as principal consultant with Sageworks, provides financial institutions with advisory services, leads thought leadership and consults with product development on compliance and accuracy. He specializes in the Allowance for Loan and Lease Losses; CECL preparation and methodology; acquired loan accounting and valuation, stress testing, and various portfolio analysis topics. Prior to joining Sageworks, he held a key role within Elliott Davis Decosimo’s FIG Consulting division where he provided valuation, accounting and loan analysis services. Preceding Elliott Davis Decosimo, he was with a multi-billion dollar financial institution where he worked on acquisitions ranging in size from $130 million to $2 billion and was an auditor with a regional CPA firm.
Regan Camp – MST
Regan Camp is the managing director of MST Advisory Services, leading a team of subject matter experts who assist financial institutions nationwide in accurately interpreting and applying federal accounting guidance. He is a nationally recognized speaker, writer, thought leader and trusted advisor on the Allowance for Loan and Lease Losses (ALLL) and credit risk. Having worked closely with hundreds of financial institutions nationwide of varying sizes and complexities, Regan offers MST Advisory Services clients a unique combination of experience and perspective as he works closely with each institution to develop sound and defensible allowance methodologies, policies and procedures. His ability to simplify the complex has made for substantial and enduring practice improvements for the institutions he has worked with.
Susan Weber – Camden National Bank
Susan has been with Camden National Bank since 2010, and is responsible for the ALLL, CECL readiness, portfolio analytics, stress testing, CRE concentration risk management, financial and board reporting, and policy administration. Susan also manages the company’s Appraisal Review Department. Prior to joining CNB, Susan spent 8 years at MBNA in business development helping to build, analyze and formulate strategies for the U.S. affinity card portfolio, and 6 years in commercial lending and branch management in Baltimore, MD.
Gordon Dobner – BKD
A partner in BKD’s National Financial Services Group, Gordon leads the firm’s current expected credit loss (CECL) committee and has been involved in consulting with institutions on education and implementation considerations related to CECL. He has more than 15 years of experience providing audit and consulting services to financial institution clients. Gordon’s experience includes audits of financial statements and internal controls over financial reporting as well assisting in regulatory filings.
John Reedy – Grant Thornton
John is a Senior Manager in the Financial Management practice of Grant Thornton LLP. John provides assurance and advisory services to a variety of Grant Thornton’s financial services clients, including community and regional banks, US branches and agencies of Foreign Banking Organizations, and global systemically important financial institutions. John supports clients through material accounting and financial operations changes, as has significant experience leading allowance for loan loss (ALLL) and Current Expected Credit Loss (CECL) reviews and validations, audit and due diligence assessments, compliance readiness reviews and risk assessments, and financial and compliance audits.
Mike Shearer – PWC
Mike co-leads the Credit Risk Management team within PwC’s Financial Services Advisory practice. He has more than 30 years of experience in the financial services industry, assisting financial institutions address a broad range of credit risk management issues. Mike also co-leads our national CECL efforts, helping companies move from interpretation to pragmatic design and implementation of models, processes, and technology solutions. This includes harmonizing credit risk analytics across CECL and CCAR/DFAST. Mike also serves as a subject matter specialist to PwC audit teams on allowance for loan loss methodologies and models. He is also a member of the firm’s global IFRS 9 modelling and methodologies working group. He has spoken at numerous conferences on allowance related matters, and has led examiner training sessions on loss forecasting methods and allowance methodology matters.