Skip to content

Ally Financial Careers

General information

Career area
Commercial Lending & Operations
Work Location(s)
300 Park Avenue, NY
Remote?
Yes
Ref #
18985
Posted Date
Monday, December 23, 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

The Power, Energy and Infrastructure vertical will focus on borrowers in the domestic energy and climate transition space, extending project and corporate finance loans for the construction, operation and ownership of renewable and conventional power plants and associated infrastructure.

This role is an individual contributor role and will report to the Sr Business Line Risk Director/Risk Officer of Corporate Finance for Ally Bank and will develop strategies under direction of the Leadership Team and CCRC. This role will also participate in functional decision making to support objectives and key metrics. This position will foster a collaborative environment, demonstrate a high level of integrity, focus on delivering on the core value proposition, and celebrate team success.

Experience with project finance, back-leverage and/or tax equity structures is preferred. Understanding of project development, construction, operational risks as well as financing structures is required.

The Work Itself


·     Participate in all Initial Deal Reviews (IDRs)

·     Review and approve all:

  Underwritings

Pre-close memos

Loan modifications

Notice of defaults

·      Chair portfolio review meetings:

Establish and maintain account review schedule

Review materials in advance of meetings

Designate follow-up items

 Pre-review published list of follow-up items and clear items as completed

 Initiate transfer of accounts to Workout when appropriate

·     Review and sign Risk Rating Scorecards and monitor Risk Ratings to assure all clients are rated appropriately and according to the required frequency

·     Assist with the establishment and updating of policies and procedures related to new business and portfolio management, including updating Product Profiles, administration of required regulatory processes such as Flood Insurance and KYC requirements.

·     Handle ad hoc duties and special projects as required

·     Work to develop and further Ally’s credit and risk culture

The Skills You Bring


·     BA in Business, Accounting, Finance, Economics or related field; Master's degree is preferred

·     Must have experience in first-lien power and infrastructure project finance transactions, including solar, wind, battery and gas-fired generation

·     10+ years of relevant risk experience

·     Experience in auditing, banking, commercial lending, underwriting, financial analysis, credit analysis, and collateral management.

·     Excellent communication (verbal and written), interpersonal and organizational skills

·     Highly analytical, detail oriented with problem solving capability

·     Well-developed presentation and relationship selling skills

·     High level of accountability

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: $170000 - $300000 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