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Req ID:  3806

Chicago, IL, US, 60631

Accounting Manager, CECL

FT/PT:  Full-Time

First Midwest, with assets over $16 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 


Responsible for general accounting duties for First Midwest Bank related to current expected credit losses (“CECL”), acquisition accounting, and technical accounting matters.  Including, but not limited to, CECL modeling, data validation, supporting monthly and quarterly closing processes, and technical accounting memorandums. 

This position will primarily work with the staff and management in Accounting and Finance, Financial Reporting, Treasury, Financial Analysis, Credit Administration, and Tax.


•    Bachelor’s degree in Accounting or Finance
•    CPA designation required 
•    7+ years accounting experience in banking or related industry or 5+ years in public accounting experience in banking or related industry preferred 
•    Experience in credit analysis, data analytics, fair market valuations, and corporate governance structures surrounding data quality and model validation
•    In depth knowledge of CECL standard
•    Advanced PC skills with Microsoft Office (Word, Excel and Access) 
•    Excellent verbal and written communication skills
•    Effective project management
•    Ability to work independently and in multiple teams 

#LI-DF1  #CB


Accounting Activities: 
•    Supervise the monthly and quarterly closing process which includes maintaining the monthly close checklist for expected credit losses and acquisition related accounting, including purchase credit deteriorated assets
•    Execute the documentation, modeling, and validation of CECL
•    Preparation of ad hoc technical accounting memorandums supporting the analysis and implementation of accounting and financial reporting standards in accordance with generally accepted accounting principles 

Report Activities:
•    Preparation of financial reports and analysis related to CECL and acquisition related accounting, including purchase credit deteriorated assets
•    Fulfillment of periodic reporting/data requests for the Financial Reporting department, auditor requests, etc. 
•    Assist in the preparation of FDIC Loss Share certificates
•    Prepares ad hoc analysis of credit performance and acquisitions

Guide Accounting Staff: 
•    Review of Monthly and Quarterly Operational Reports and address any questions or concerns 
•    Partner with accounting staff to document and review technical accounting memorandums
•    Research and provide accounting guidance to accounting staff related to new or unusual transactions

Other Duties: 
•    Support the budget process and capital stress testing in relation to areas of responsibilities
•    Assist in building and maintaining a teamwork environment 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.

Nearest Major Market: Chicago

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