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Ally Financial Careers

General information

Career area
Portfolio Management
Work Location(s)
300 Park Avenue, NY
Remote?
No
Ref #
22276
Posted Date
05-11-26
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 role is in office in our NYC office. 

The Manager , Portfolio Management, Energy & Infrastructure is primarily responsible for managing a portfolio of senior project finance loans to renewable and conventional power plant borrowers. Additional assets under management may be across a broader range of structures and infrastructure-related industries. Individuals work with other senior members of the team to develop and implement a strategy for managing credit risk in accordance with established corporate policies with a goal of minimizing loan losses. Additional responsibilities include processing of waivers/amendments, internal reporting, and underwriting support.

The Manager, Portfolio Management, Energy & Infrastructure is the primary interface between the borrower and CF and as such is responsible for balancing the needs and expectations of the borrower with policies, procedures and risk tolerances of Ally CF.

Additionally, the role frequently interfaces with CF management, Ally Risk, sponsors, bank syndicate members, management teams and Ally CF support functions, including credit approval, legal, loan administration and operations. They  plays an instrumental role in developing and training junior level staff.

The Work Itself

  • Know the client and the client's business inclusive of typical PF loan structures, contract types, power markets and technologies.
  • Minimize risk.
  • Execute corporate governance responsibilities.
  • Prepare underwriting memorandum for loan modifications applicable to portfolio.
  • Timely reporting of borrower performance and loan attributes.
  • Mentor and train less experienced team members.
  • Assist in creating/maintaining a strong credit culture.

The Skills You Bring

Minimum Qualifications

  • 7 years of relevant experience or equivalent combination of education and experience. ​
  • High school Diploma or GED equivalent

Preferred Qualifications

  • 2+ years of relevant experience in renewable energy project finance or equivalent combination of education and experience
  • BA in Business, Accounting, Finance, Economics or related field or any degree with relevant professional experience required. Master's degree preferred.
  • 2+ years of progressive portfolio management/underwriting experience with relevant focus in the project finance sector.
  • Experience in any of the following: auditing, banking, commercial lending, underwriting, financial analysis, credit analysis, collateral management.
  • Proven success in relationship management.
  • Completion of bank/finance company credit training program preferred.
  • Excellent 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.
  • Well-developed presentation and relationship building skills.
  • High level of accountability and the ability to effectively prioritize tasks.
  • Technical: Advanced knowledge of MS Office: Excel, Word, PowerPoint Access and financial forecast models.

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: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
  • 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 hrpolicy@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: $110000 - $180000 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.
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