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Mechanics Bank · 1 month ago

Sr. CECL Sox Analyst

Walnut Creek, California

Full-time

Onsite

Senior Level

$80K/yr - $125K/yr

5+ years exp

Mechanics Bank is currently searching for a Sr. CECL SOX Analyst who will support the Finance team in evaluating the internal control environment over the bank’s CECL process. This role involves performing assessments of internal controls, conducting process walkthroughs, and supporting remediation efforts related to CECL.

BankingFinancial ServicesWealth Management

Responsibilities

Identify and evaluate internal controls related to the CECL end-to-end process to determine design effectiveness

Assess operating effectiveness of CECL-related controls, including data inputs, model governance, model execution, management review controls, qualitative factor adjustments, and journal entry preparation/review

Conduct and document walkthroughs of CECL process each quarter, including coordination with Accounting, Credit, Finance, Model Risk Management, and external partners

Analyze CECL methodologies, assumptions, and key estimates to support accurate control documentation and testing

Organize and document CECL process flows, risk, and controls in alignment with SOX/FDICIA internal control standards

Identify, document, and communicate control deficiencies, support management in developing, implementing, and validating remediation plans

Assist with quarterly internal control reporting to the CAO, including summaries of testing results, findings, and remediation status

Partner with internal and external auditors during CECL-related audit procedures

Qualification

CECLInternal controlsFinancial reportingRisk assessmentModel governanceAnalytical skillsCommunicationTeam collaborationProblem-solving

Required

5 years of experience in accounting, finance, risk, audit, or analytical roles required

Proficiency in documenting and testing internal controls over financial reporting

Strong understanding of CECL concepts, modeling frameworks, and key financial reporting impacts

Preferred

Bachelor's Degree in Business, Finance, Accounting or related field preferred

Experience with CECL, allowance for credit losses, or financial reporting controls strongly preferred

Manages Ambiguity - Operating effectively, even when things are not certain or the way forward is not clear

Financial Acumen - Interpreting and applying understanding of key financial indicators to make better business decisions

Nimble Learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder

Benefits

Medical, prescription, dental, and vision coverage for employees and their eligible family members

Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits

Health Savings Account with employer contribution

Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit

401(k) and Roth 401(k) with company contribution

529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program

Supplemental Health plans, Voluntary Legal and Identity Theft Services

11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year

Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)