Skip to content

Ally Financial Careers

General information

Career area
Loan Administration/Operations
Work Location(s)
300 Park Avenue, NY
Remote?
No
Ref #
17969
Posted Date
Friday, August 2, 2024
Working time
Full time

Ally and Your Career

Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You’re constantly evolving, so shouldn’t your opportunities be, too?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

This is a hybrid role, in office weekly with some remote days. 

The Corporate Finance Operations Associate has 1+ years of operational work experience servicing daily borrowing requirements for middle market leveraged deal structures including agented or non-agented deal types for a bank or commercial lending organization. The Associate is responsible for daily/end of month deal servicing and SOFR loan handling utilizing commercial loan syndication software (Loan IQ). Individuals at this level work independently ensuring the appropriate documents are received from an authorized borrower representative including the accuracy of daily collateral and availability balances. The individual should be knowledgeable of several operational functions including cash control and letter of credit responsibilities. The Associate has the skills necessary for handling more complex deal structure and can take on special assignments. Over time, this individual will be capable of processing changes to the loan operating system and begins to assist with new deal closing activities.

The Work Itself

  • The Corporate Finance Operations Associate is responsible for the daily servicing requirements for an assigned group of more complex deals.
  • Process the client Borrowing Base Certificate (BBC), Advance Request, Settlement and SOFR loan activity within established processing time frames.
  • Perform the BBC analysis utilizing financial information represented from the Borrower/Agent to identify and communicate red flags, potential operational risk issues or handle concerns.
  • Prepare for the Month/Quarter End closing process to ensure processing activities are performed as required.
  • Maintain organized Deal information that includes key documents and required handling procedures to enable a cross trained team environment.
  • Utilizes a working knowledge of PIK, SKIM, Non Performing deal dynamics, Letters of Credit, First/Last Out Uni-tranche Deal arrangements and more complex deal scenarios as a lead agent servicing numerous Co-Lender positions.
  • Prepare more complex excel reports to monitor and analyze key statistical trend or benchmark information.
  • Knowledgeable of Cash Control and the Letter of Credit functions.
  • Perform within the team environment and individual Quality Control and Performance Benchmarks.

The Skills You Bring

  • 1+ years of operational work experience servicing more complex deals, including syndications required.
  • Bachelor's degree in Accounting or Finance preferred.
  • Solid communication (verbal and written), interpersonal and organizational skills.
  • Highly analytical, detail oriented with problem solving capability.
  • Ability to work independently with demonstrated strong time management skills.
  • High level of accountability and the ability to effectively prioritize tasks.
  • Highly motivated, self-starter.
  • Computer literate, including: Word, Excel, MS Office Products.
  • A working knowledge of the Loan IQ system is preferred.

How We'll Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:

  • Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date) 
  • Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.
  • Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
  • Building a Family: adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.
  • Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
  • Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.
  • To view more detailed information about Ally’s Total Rewards, please visit this link: https://www.ally.com/content/dam/pdf/corporate/ally-total-rewards-snapshot.pdf
 

Who We Are:

 

Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.

 

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

 

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Base Pay Range: $65000 - $115000 USD
An individual's position in the range is determined by the specific role, the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer. 
Incentive Compensation: This position is eligible to participate in our annual incentive plan.
Back to job list