Do you need help understanding Current Expected Credit Losses (CECL) and how to comply with the new accounting standards?
Join CAMEO’s National CDFI Academy for a one-hour CECL training geared for CDFIs that are already implementing CECL or just getting started. This training will help your organizations build a stronger foundation for compliance, management and audit readiness. Our trainer, Gasper Magallanes, CFO at Working Solutions CDFI, will share his experience and best practices which will be valuable for organizations with fewer resources.
Participants will:
1. Define the Current Expected Credit Loss (CECL) methodology and explain how it differs from prior approaches to estimating loan losses.
2. Identify the challenges CDFIs have faced in implementing CECL to date.
3. Understand the fundamentals of the Weighted Average Remaining Maturity (WARM) method.
4. Prepare for audits and maintain ongoing compliance while following CECL requirements.
5. Meet peers from across the country and learn from experienced professionals.
Who Should Attend:
This training is designed for:
- CDFI fiscal teams
- CDFI staff seeking to understand this new accounting standard
- Board members
- CDFI leadership
Pricing:
$100 – Non-CAMEO members
$50 – CAMEO Members
To receive the discounted CAMEO Member rate, please contact Dara Dado at
DDado@CAMEOnetwork.org . You will then receive a code to enter at checkout.
About the trainer:
Gasper Magallanes joined Working Solutions as Chief Financial Officer (CFO) in 2021. In his role at Working Solutions, Gasper is responsible for overall financial management of Working Solutions and leveraging the organization’s balance sheet to raise debt for its lending activity. Gasper brings almost two decades of experience supporting financial and strategic growth initiatives across a variety of social mission ventures, including CDFIs and charter schools. He is passionate about small business and ensuring entrepreneurs receive the critical capital, consulting, and community connections to be successful. Most recently, Gasper was the inaugural Director of Due Diligence for CNote, a fintech impact investing firm headquartered in Oakland. There, he led underwriting and monitoring of CDFI borrowers, as well as supporting Cnote’s broader scale-up, construction, and management of its $100 million portfolio. Prior to this, Gasper spent over a decade at EdTec, a national boutique consulting firm for public charter schools headquartered in Emeryville, where he supported clients as an outsourced CFO and led the firm’s greenfield efforts across the United States.
As a member of the Working Solutions Executive Team, Gasper has supported significant growth in the organization’s capital deployment, asset size, and impact. Over the past 5 years, Working Solutions has tripled its all-time deployment from $20 million to $60 million while maintaining a focus on small-dollar loans and grants, with 99% of capital deployed to low-income and other historically marginalized entrepreneurs. Additionally, Working Solutions has quadrupled its assets from $5 million to $20 million since 2013. Working Solutions recently expanded both its geographic footprint and loan size, now providing small business loans of up to $100,000 throughout the entire state of California.
Gasper serves on the Executive Committee of the California Coalition for Community Investment (CCCI), a statewide coalition of CDFIs.
Questions Regarding Course Content?
Please contact Douglas Craven: Senior Program Manager, CDFI Programs at dcraven@CAMEOnetwork.org.
CAMEO Membership
To learn more about CAMEO membership benefits and pricing, please click here. Scholarships are available for organizations that qualify. Please contact Dara Dado at ddado@CAMEOnetwork.org to learn more.
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