2020 CECL Seminar
Co-hosted by the North Carolina Bankers Association
VBA Training Center
4490 Cox Road
Glen Allen, VA 23060
We are excited to host this program in partnership with the North Carolina Bankers Association! This workshop will be a deep dive into CECL implementation, covering data aggregation, modeling and forecasting.
Agenda & Speakers
Learning outcomes include:
- Gain an understanding of proposed and updated changes to the standard
- Learn the best practices from public companies in CECL implementation
- Become familiar with how to monitor and use economic data as part of your analysis and forecasting
- Gain a detailed understanding of the different CECL models with different data applications
- Understand what new policies, processes and controls may be necessary for you to implement and model CECL models
- Understand new disclosure requirements
Casey Tutor – Vice President of Accounting Product Development & Analytics, ARCSys
Casey’s primary responsibilities include guiding the product roadmap and software lifecycle alongside system alignment and regulatory governance. Prior to her work with ARCSys, Casey served as the financial analyst for a chemical manufacturing company. Casey brings experience in audit, data analytics and financial systems implementation to her role. She received a Bachelors of Science in accounting in 2014 and is currently an MBA candidate attending Averett University.
Michael Umscheid – President & CEO, ARCSys
Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru”, Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board and a published author on Accounting and Auditing for Financial Institutions. Mike has spoken at numerous AICPA conferences as well as other national and local financial institution associations. Mr. Umscheid is also the author of the 8-hour CPE course published by the AICPA for CECL.Mike is currently the President and CEO of ARCSys, a consulting firm that specializes in Allowance for Credit Loss software and CECL. He graduated from Virginia Polytechnic Institute and State University in Blacksburg, Virginia. Mike enjoys working out in the morning before work and loves to cook for his family and friends.
Patrick Vernon – Senior Manager, Crowe
Patrick Vernon is a Senior Manager in Crowe’s Advisory Services practice, focusing on CECL related projects such as Implementation, Readiness Assessment, and Model Validation. Patrick has worked with 40+ institutions across the country ranging from $1B – $50B, helping to build out CECL Implementation roadmaps and project plans. He also currently attends CECL steering committee meetings for a number of organizations, and consults with Crowe’s audit and risk teams for CECL related matters. Patrick also has extensive experience with transaction and valuation services for financial institutions and investor groups regarding select asset acquisitions and whole bank and financial service firm acquisitions. Patrick has a background in external audit engagements with a primary focus on Allowance for Loan Losses and Mortgage Banking Derivatives.
|Through January 30, 2020||$495|
|January 31 – February 13, 2020||$555|
All cancellations will be charged a $25.00 administrative fee. Cancellations received less than 72 business hours before the program will be charged a $75.00 administrative fee plus any additional fees associated with the training. Substitutions are allowed prior to the beginning of course.
Special Needs & Americans with Disabilities Notice
If you have special needs that may affect your participation in this event, please contact Gail Queen to discuss accommodations.
In case of inclement weather, please check the VBA Event Hotline for updates on the status of VBA events.
Hotline Number (804) 819-4739
Hyatt Place Richmond-Innsbrook
4100 Cox Road | Glen Allen, VA 23060