• Allowance Analysis Lead

    Location US-CA-Pasadena
    Job ID
    2018-5715
    Category
    Accounting/Finance
    Position Type
    Full-Time
  • Overview

    For more than 40 years, East West Bank has served as a pathway to success. With over 130 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. And our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, high-tech and aviation help build sustainable businesses and expand our employees’ potential for career advancement.

     

    Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With assets of $38.1 billion, we’re ranked among the 30 largest banks in the United States and currently top 5 in “America’s 100 Best Banks” by Forbes, a list where we've consistently been in the top 15 since 2010. With a strong foundation, an enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

     

    We are currently seeking a Allowance Analysis Lead. The Allowance Analysis Lead will manage the Allowance Analysis team of East West Bank’s Accounting Department. The position will also assist with special projects and initiatives of the Accounting Department, as needed.

    Responsibilities

    • Lead the allowance for loan losses (“ALL”) process, including calculations, analysis, and documentation.
    • Responsible for obtaining and reviewing loan charge-offs for appropriateness and accuracy.
    • Responsible for reviewing impairment analysis on impaired loans and recommending loan charge-offs as necessary.
    • Interact with the Bank’s lending officers, credit supervision department, and the credit risk management department to ensure charge-offs are recorded timely and appropriate inputs are considered in loan valuations.
    • Provide assistance in the review of banking regulatory reports, including the quarterly Call reports.
    • Assist with researching and implementing regulatory and accounting standards relevant to ALL.
    • Assist with other ad-hoc or accounting projects as required.
    • Perform ad-hoc financial analysis as required.
    • Coordinate interim and annual audits with internal and external auditors and regulators
    • Supervise and provide assistance to allowance staff.

    Qualifications

    • Detail oriented individual with strong analytical, organizational, and problem solving skills
    • At least 5 years of accounting or finance experience
    • Proficiency with Microsoft Excel required
    • Knowledge of generally accepted accounting principles and concepts
    • Strong verbal and written communication skills
    • Ability to work well independently as well as in a team
    • Bachelors degree required; degree in accounting or finance preferred
    • Public accounting experience / CPA license preferred
    • Banking or loan accounting experience preferred

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