IECA CECL Working Group Call: CECL in a 2020 and COVID World

Rapid Ratings
September 16, 2020
Event Type
Brad Saegesser

Our presenter will be Brad Saegesser, Senior Solutions Specialist, Rapid Ratings:

With over 25 years of experience in risk management, Brad works with RapidRatings clients to help them maximize the value received from our Financial Health solutions.  He works with clients in many different areas, including Supply Chain, Vendor, Third-Party, and Credit Risk management. He is also actively involved in the development and use of our Financial Health Rating + Transition Probability Matrix (FHR+TPM) risk modeling framework for calculating term probability of default structures for the new Current Expected Credit Loss (CECL) accounting standards.

Prior to joining RapidRatings, Brad was most recently a senior manager at Crowe Horwath, LLP where he worked with financial institutions to implement credit portfolio risk management solutions, including machine learning models for Dodd-Frank Act Stress Tests (DFAST). Previous roles include enterprise credit risk specialist at Moody’s Analytics, and director of product management and strategy at DiCom Software. Brad started his professional career as an accountant with Ernst & Young.

Brad has an MBA in Accounting Information Systems and a BA in Accounting, both from Michigan State University.  He is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA).

We will be discussing:

  1. How COVID-19 has pushed official timelines. 
  2. How has COVID-19 affected your company’s CECL implementation timeline?  Has working from home had a material impact?
  3. COVID-19 is one of the best examples for why we need CECL rather than simply using historical experience.  How has COVID-19 affected your company’s outlook on expected credit losses?  Have you implemented changes to your calculation method?

This is an IECA Member-Only benefit. If you are part of the IECA CECL Working Group, you will receive your call invite and dial-in details. 

If you are interested in joining the IECA as a member, or, you are already a member that would like to attend the CECL Working Group, please contact us.

Speaker Information: Brad Saegesser