Bankers Share CECL Transition Experiences
Many larger financial instituitons are already well underway in their CECL preparations. Session panelists from Comerica, Chemical and Renasant banks are managing their institutions’ CECL projects and will share the issues they are encountering and the practices they have found helpful as they transition. A fourth panel member, Hans Pettit, will provide insights on what institutions other than the big banks are doing.
Mike Gullette will serve as panel moderator.
Munera Carr is the Chief Accounting Office and Controller at Comerica Bank, responsible for overseeing external financial and regulatory reporting, planning & forecasting, tax, accounting operations, and accounting policy and research.
Dave Cogswell serves as Senior Vice President, Credit Administration Director at Chemical Bank. In his current position, he is responsible for the Allowance for Loan and Lease Losses, Credit Policy, and Credit Risk Modeling and Reporting. He serves on the Bank’s CECL Implementation Committee, SOX Committee, Credit Policy Committee, Bank Loan Administration Committee, Senior Loan Committee, and Directors Loan Committee.
Mark Williams is Chief Executive of Operations and Credit at Renasant Bank. He has and continues to be instrumental in taking the lead and setting strategy to prepare for CECL.
Hans Pettit is a partner in HORNE LLP’s Financial Institutions practice with 19 years of specialized experience helping HORNE clients in growth opportunity planning and assessment, risk management and design, and internal control framework design and effectiveness.