Job description
General information
Ally and Your Career
The Opportunity
- The Underwriter - Commercial will be responsible for the completion of required due diligence/financial analysis for the renewal of automotive dealership inventory credit lines, as well as new extensions of credit for inventory and other commercial loans (real estate, working capital, line of credit). The position will require the ability to perform in-depth analysis, interact with key dealership personnel, and maintain a high level of communication with internal and external stakeholders. Additionally, the Underwriter - Commercial will provide recommendations along with supporting documentation to improve company performance and mitigate exposure. It is also expected that this position will support department training initiatives.
The Work Itself
- Conduct financial analysis on automotive dealership financial statements and supporting documentation, including data obtained from both internal and external sources.
- Produce formalized proposals for management summarizing the analysis and including recommendations for credit extension.
- Complete administrative reviews of UCC filings, insurance, licensing and other related items to document company compliance and ensure that guidelines are met.
- Interface and communicate with automotive dealership personnel and stakeholders to obtain all information required.
- Update company records, logs, reports, and internal control systems with information gathered during the underwriting review process.
- Ensure compliance with company policies, procedures and external regulations.
The Skills You Bring
- Undergraduate degree or equivalent training, Graduate degree preferred, but not required.
- Minimum one year of automotive commercial underwriting preferred.
- Understanding of dealership and wholesale administration a plus.
- Strong financial analysis and analytic/problem solving skills required.
- Proficient in intermediate MS applications (Word, Excel, Access and PowerPoint).
- High level of written and oral communication skills as well as attention to detail.
- Strong organizational skills and time management abilities.
- Ability to adapt to change quickly.
- This role can be filled at a 3G Commercial Credit Analyst or a 3H Associate Analyst-Commercial Credit Analyst based on experience. You will find the Base Pay Range for the 3G level at the bottom of this job description.
- 3H Level
- Emerging: $47,840
- Experienced: $61,250
- Expert: $75,000
- Incentive Compensation: This position is eligible to participate in a variable incentive plan.
How We'll Have Your Back
- Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
- 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 and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
- Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions 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 support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
- Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
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.
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