As a leading regional bank, SouthState has been providing financial solutions to individuals, families, and businesses in the Southeast for more than 100 years. SouthState team members strive to create remarkable experiences while building meaningful and lasting relationships. We are proud to be a reflection of the communities we serve, and our team members share core values that make SouthState a great place to bank, and a great place to work.

SUMMARY/OBJECTIVES:

SouthState Bank's Treasury Analytics Department supports balance sheet decisions by providing sound recommendations rooted in data and uses its unique technical acumen to provide solutions across the broader organization.

This position is responsible for end-to-end management and operation of the bank's CECL models, performing related support calculations, reconciliations and associated controls, and helping guide development of reserve methodology particularly within the qualitative framework. Familiarity with credit risk drivers and an understanding of credit risk are critical to fulfilling this position and informing management decisions around the reserve and provision expense. The person in this position will formulate strategies and methodologies to capture various economic and credit risks within the reserve, develop insights though sensitivity and scenario testing, and identify current and projected influencing factors of changes to the reserve and provision. Position may also perform ad hoc research or analysis to support reserves. This role will also conduct ongoing monitoring and the regular review of assumptions, segmentation, and performance of the CECL models.

Qualified candidates should have a strong understanding of bank accounting and credit risk management practices and prior experience with functional responsibility within the CECL process at a mid-size or larger commercial bank. Qualified candidates must possess excellent communication skills, in particular the ability to write memoranda that will communicate complex issues in an understandable format and meeting minutes in accordance with bank standards. The work product of this position must withstand heavy scrutiny by auditors and examiners for accuracy and reasonableness. The position requires collaboration skills that leverage the work of colleagues outside of the Treasury Analytics team, particularly with respect to supporting the qualitative framework of the CECL estimate.

ESSENTIAL FUNCTIONS:

• End-to-end ownership of the allowance calculation process - executing from model estimation to communicating the Committee-approved provision expense accounting entry, with all controls and reporting between.
• Operate quarterly CECL models and related support calculations.
• Identify and communicate current and projected drivers of reserve and provision changes.
• Prepare attribution, sensitivity, and scenario analyses to better understand the behavior of the models.
• Identify and evaluate allowance trends over time, documenting reasons for significant changes. This includes, but is not limited to, analyzing credit data.
• Use subject matter expertise in the credit space to offer up solutions to proactively address credit risks that are not reflected in the quantitative estimate.
• Ongoing development and recalibration of the qualitative framework and assist in determining quarterly qualitative adjustments.
• Write memoranda that will communicate complex issues in an understandable format and be heavily scrutinized by auditors and examiners.
• Present material at ACL meetings, other executive-level meetings, and interactions with regulators and auditors.
• Draft meeting minutes in a manner consistent with Bank standards.
• Effectively collaborate across departmental lines to leverage the work of colleagues outside of the Treasury Analytics team, particularly with respect to supporting the qualitative framework of the CECL estimate. This includes but is not necessarily limited to communication with model developers to understand loss drivers and communication with Credit to understand portfolio characteristics.
• Think holistically about quantitative/qualitative components of the reserve to ensure allowance fully captures identified risks and is an accurate reflection of management's outlook on economic conditions, expectations of losses, and the direction of credit risk.
• Perform, review and update reconciliations and controls related to CECL calculations.
• Prepare supporting documentation as to reasonableness of quarterly reserves.
• Test quarterly and annual assumptions for appropriateness.
• Support the internal and external audit process, model validation process, and regulatory exam process covering CECL-related items.
• Effectively interact with ACL members, examiners, and auditors.

COMPETENCIES

• Process-oriented and familiar with maintaining a documented workflow.
• Strong knowledge of bank accounting, financial analysis, and financial markets.
• Thorough understanding of CECL accounting standards and related regulatory guidance.
• Must understand credit risk management and/or credit administration within a mid-size to large bank setting.
• Must have robust understanding of drivers of credit risk at a macro and loan level to facilitate ongoing credit modeling and qualitative framework development.
• Critical thinking skills (frame problem, test hypothesis, and implement solutions).
• Possess the ability to analyze, interpret, and synthesize financial and non-financial data into coherent reports and narratives.
• Excellent problem-solving skills and meticulous attention to detail.
• Possess excellent collaboration skills to work across departments. Possess a working knowledge of and be able to operate within SOX controls in the CECL environment.
• Capable of using advanced features within Excel and familiarity with and comfortable learning business intelligence tools such as PowerBI, Tableau, and SQL.
• Experience preparing executive-level reports.
• Must have strong, holistic communication skills as described above.
• Must be well-organized, accurate, and attentive to detail.
• Must be able to effectively maintain recurring tasks and deliver consistent, accurate results.
• Must demonstrate excellent interpersonal skills with end users and colleagues.
• Must be willing to function as a team member.
• Must be willing to demonstrate commitment to SouthState Bank's mission and goals.

Qualifications, Education, and Certification Requirements

• Education: Bachelor's degree. If other than in economics, mathematics, finance, accounting or related field, other education background paired with relevant work experience is required. CFA, CPA, FRM, and/or PRM are preferred but not required.
• Experience: Minimum of five years of experience in related Credit Administration/Risk Management, Accounting, or Finance function showing a progression of functional responsibility. Minimum two years of direct responsibility with respect to the CECL calculation at a mid-size or larger commercial bank.
• Knowledge: Must have sound knowledge of CECL accounting standards, related regulatory guidance, and industry best practices. Must be familiar with using financial modeling applications to produce reserve calculations.

TRAINING REQUIREMENTS/CLASSES

Required annual compliance training, New Employee Orientation, South State Bank credit policies and additional training may be required.

PHYSICAL DEMANDS

Must be able to stand and/or sit for long periods of time. Must be able to effectively access and interpret information on computer screens, documents, and reports.

Reasonable accommodations made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT

Telecommuting roles no matter if hybrid or 100% full time telecommuting must have a secure home office environment that is free from background noise and distractions. They must also have a reliable private internet connection that is not supplied by use of cellular data (hot spot). Cable or fiber connections are preferred. Requirements are subject to change, as new systems and technology is delivered.

TRAVEL

Travel is minimal