How a Financial Institution is Getting CECL Ready: Key Decisions and Steps in the CECL Transition

Financial institutions across the U.S. are grappling with the many changes required to implement the current expected credit loss, or CECL, model. The extensive time, resources, and staff involved in successfully transitioning from the incurred loss model means that even getting started can be daunting. Data, methodology, and pooling decisions may seem overwhelming if not properly prepared.

However, having an effective plan can make it easier to implement a compliant CECL model in an efficient manner. Financial institutions can build out their models faster if they learn about the key decisions their peers have made ahead of the transition to help create that framework.

In this webinar, hear from a VP/Controller, VP/Director of Credit Risk, and Senior Credit Risk Analyst at Great Southern Bank, and from the Bank’s Advisory team at Abrigo on their experiences with CECL so far, the decisions they have or are planning to make, and their expectations for the future. Great Southern Bank operates out of Springfield, Mo., and has total assets of approximately $4 billion.

Join to learn:

  • Challenges that Great Southern Bank has experienced so far in the CECL transition and how staff  are overcoming them
  • Key decisions being made on segmentation, methodologies, qualitative and forecast factors, implementation and testing, reporting, and more
  • Expectations and predictions for how CECL will impact their institution on day one
  • Advice from Abrigo consultants for similar institutions who are approaching the CECL transition

Meet Your Presenter

Paula S. King, CPA

Senior Advisor
Paula King, CPA, is Senior Advisor for Abrigo Advisory Services, assisting financial institutions with CECL, credit processes, model validations, and recently, the SBA’s Paycheck Protection Program forgiveness process. A former banker and bank co-founder, she has held executive positions (CFO, Chief Risk Officer and Chief Compliance Officer) and has more

Full Bio

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