Director of Allowance for Credit Losses

The Director of Allowance for Credit Losses (ACL) is responsible for overseeing the development, implementation, governance, and ongoing management of the bank's ACL framework under CECL guidelines. The Director of Allowance for Credit Losses will ensure that the bank's ACL estimates are accurate, well-documented, analytically sound, and compliant with regulatory expectations.

RENASANT BANK IS AN EQUAL OPPORTUNITY EMPLOYER

Lead the end-to-end process of estimating the allowance for credit losses across all portfolios (commercial, consumer, real estate, etc.) under CECL
• Develop, maintain and enhance governance, documentation and internal controls surrounding ACL processes and model usage
• Collaborate with Credit, Finance, Risk, Model Risk Management (MRM) and external auditors to support end-to-end ACL processes
• Oversee ACL model selection, development, validation, calibration, and performance monitoring
• Ensure alignment with portfolio risk characteristics and regulatory expectations
• Lead the preparation of ACL-related materials for executive management, the Board of Directors, and regulators
• Present findings and defend methodology during audits and regulatory exams
• Manage scenario development, macroeconomic forecast integration and sensitivity analysis to support CECL assumptions and outputs
• Stay current with CECL, GAAP and regulatory guidance
• Ensure compliance and readiness for internal/external audits and exams
• Lead and motivate individuals from other departments to meet ACL related objectives
• Perform other related duties as assigned

• Bachelor's degree in Finance, Accounting, Economics, or related field required; Master's degree or CPA/CFA/FRM designation preferred
• Minimum of 10 years of experience in banking, credit risk, accounting, or finance
• Minimum of 5 years directly managing allowance/CECL processes
• Strong knowledge of regulatory agencies (OCC, FDIC, FRB)
• Excellent understanding of CECL methodology, credit risk management, and regulatory frameworks
• Strong quantitative, analytical, and financial modelling skills
• Excellent verbal and written communication skills
• Ability to present complex information to senior stakeholders
• Proficiency in tools such as SAS, Python, SQL, Excel, and data visualization tools (e.g., Power BI, Tableau)
• Strong project management and organizational skills
• Strong knowledge of diverse loan portfolios (e.g., C&I, CRE, consumer)
• Familiarity with vendor models and third-party CECL solutions (e.g., Abrigo, MicroStrategy data visualization tool, Moody's, SAS, BlackRock)
• Ability to lead teams and cross-functional initiatives

Physical Demands

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment

The Bank's professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Bank's employees, customers, and assets.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word "May".

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties. Other duties may be assigned as needs arise. Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.