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DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Crafting an effective Q factor framework for CECL

Thursday, September 5, 2024
2:00 PM ET / 1:00 PM CT

Now that the CECL accounting standard is fully implemented amid a challenging economic landscape, it is essential for financial institutions to understand how to apply qualitative factors with precision for compliance and effective risk management. 

In this session, banks and credit unions will learn how to develop a robust scorecard that applies qualitative factors more objectively, ensuring accuracy and consistency. Abrigo experts will also discuss strategies to adjust and maintain your CECL framework and provide tips for effectively responding to audit and examiner inquiries. 

You will learn: 

  • How to establish and maintain a controlled qualitative factor framework 
  • Best practices for qualitative adjustments in your CECL model 
  • Essential audit and examiner feedback to assist with your next conversation 

Meet Your Presenters

Jared Mills, CPA

Manager, Advisory Services
As Manager in Abrigo’s Advisory Services, Jared Mills provides banking advisory services and assists with strategic direction and feedback for product development. He specializes in ALLL, CECL transition, and various other portfolio risk analytics. Prior to joining Abrigo, he was the Assistant Director of Accounting at South Carolina State FCU

Full Bio

Zachary Struble

Manager, Advisory Services
Zach is a Manager on Abrigo’s Advisory Services team. He has over 7 years of financial services consulting experience with financial institutions ranging in asset size from $200 million to over $20 billion. He specializes in merger and acquisition–related consulting, Day 1 valuation and due diligence services for whole bank

Full Bio