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Sensitizing, Forecasting, and Qualitative Adjustments

Predict quantitative allowance levels

Thursday, July 21, 2022 | 2 PM ET / 1 PM CT

In this session, we will get into the “nuts and bolts” of using two methodologies to sensitivity test our decisions to different environments. We’ll discuss how uncertainty about the future provides an important lever to calibrate allowance results, and how that uncertainty has been used by our many successful clients to establish a ‘baseline’ of allocation without reliance on over-engineered qualitative frameworks. If you’ve been following our decision framework, the reliance on and scrutiny of a qualitative layer can be simplified, resulting in a CECL practice that is paradoxically simpler than the prevailing practices for establishing incurred loss estimates. 

This live session is eligible for one NASBA CPE credit. 

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Sensitizing, Forecasting, and Qualitative Adjustments

You Will Learn How To:

  • Use model uncertainty to set “risk baselines” for allowance estimation
  • Defend your interpretation of model uncertainty
  • Further evaluate forecast reliability and “high/low” ranges in forecasts
  • Make appropriate tradeoffs between “implementation complexity” and “operational complexity”
  • Predict your quantitative allowance levels for future periods

CECL Streamlined Webinar Series

This webinar is part of a special CECL webinar series for 2023 filers. Learn more about the series.

Meet Your Presenters


Jared Mills

Manager, Advisory Services at Abrigo

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 and played a key role in the institution’s ALLL process.

Garver Moore

Managing Director, Advisory Services at Abrigo

Garver brings a decade of enterprise software, analytic, and advisory experience to Abrigo’s advisory team. Prior to joining Abrigo, Garver was a Technical Consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a Managing Partner of the Orange Advisory Group.

CECL Streamlined Webinar Series

Stay on track with your CECL implementation. 

CECL Streamlined is a webinar series developed and led by consultants who have helped hundreds of institutions to successfully implement CECL. The four-part series covers major steps and milestones in chronological order to ensure 2023 filers stay on track and feel confident in their CECL transition.

"If there's one thing I can say about Abrigo, it's that they have taken the complications out of it."

Andrew Reid | Bank of San Antonio

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Abrigo CECL Software and Services

A Trusted CECL Partner

Abrigo's ALLL and CECL software is endorsed by the American Bankers Association and trusted by more than 1,000 financial institutions. Get support beyond a username and password with Abrigo's award-winning service and advisory team of CECL experts. Our in-house consulting group provides a range of services from CECL transition plans to outsourced calculations.

Software    Advisory

Continuing Education Credits

The live webinar session is eligible for one NASBA CPE credit.

 

Who should attend?

Anyone with responsibilities related to the allowance or transition to CECL.

  • Chief Financial Officer
  • Controller
  • Chief Credit Officer
  • Chief Compliance Officer
  • Accounting, finance, credit departments, and C-suite of banks and credit unions

Advanced Preparation: N/A

Prerequisites: Intermediate background in allowance, accounting, or regulatory compliance

Program Level: Intermediate

Delivery Method: Group Internet

Abrigo is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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