Finance Director
Ally Financial - Charlotte, NC

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Finance Director,

Ally Bank Risk Finance

We are Ally Financial

A company with a new approach and a rich history; o

ne that values openness, accountability and honesty.

Our company dates back to 1919 and is built on the strong foundation of GMAC Financial Services. Our associates and customers are at the heart of everything we do.

·

We serve more than 15 million customers worldwide and have financed more than 150 million cars/ trucks

·

Ally Financial is ranked the No.1 automotive finance company

·

Money Magazine rated Ally Bank as the Best Online Bank Package

for 2011

·

Ally Financial consistently ranked within Fortune 500 Companies

Ally Financial strives to build a World Class culture that engages a diverse and vibrant team of professionals. We seek employees who are motivated for success with processes aligned to promote inner-mobility, career growth and leadership development.

Ally Financial remains committed to offering a compelling employment proposition that enables us to expand our dynamic team.

Put your career on a path with a company that’s taking the financial services industry in a new direction and apply today! Visit

www.ally.com

to learn more.

This role works with senior Risk and Finance leaders to assess the Allowance for Loans, Leases, and Losses (ALLL) for Ally’s Mortgage and Commercial Finance (CFG) businesses. Analysis of the ALLL includes current and projected loss trends, asset quality, macroeconomic factors, and other key business drivers.

Major duties and responsibilities

Review the quarterly ALLL adequacy for each business segment and its individual lines of business

Evaluate key drivers of changes in the reserve level

Ensure consistent view of ALLL/Provision

Determine whether policies and procedures and the documentation surrounding the reserves are in compliance with GAAP and applicable regulatory guidance

Maintain robust documentation (auditable, supportable), including results of judgmental actions (including quarterly memos with trended information and changes in direction of risk)

Support the Ally Bank and Ally Financial ACL Committee meeting with Mortgage and CFG related documentation and analysis – including specific portfolio detail

Responsible for financial disclosures (10-Q/K) related to ALLL, Provision and R&W

·

Manage relationships with Internal Audit, Loan Review, SOX Compliance, External Audit and Regulators

·

Utilize global SAP environment to provide common, consistent data

Qualifications

Experience and Skill Requirements:
·

5-8 years of experience

·

Previous finance work experience in Banking or Financial Services preferred

·

Strong analytical and problem solving skills

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Strong core finance skills, including understanding of accounting

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College degree (Finance or Accounting) required

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Advanced MS Excel and MS Power point skills required

·

Ability to organize data, perform independent analysis and prepare management presentations

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Ability to influence others and work effectively in a cross-functional matrix environment

·

Experience and comfort with direct communication to senior/executive level leadership

Working at Ally is Rewarding!

Ally's compensation program offers market-competitive base pay and above-market bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid-time-off program and emphasis on work-life balance.

Ally Offers Competitive Benefits:
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401K Matching and Company Contributions

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Paid Time Off (Roll-over up to 50%)

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Variable Pay (bonuses)

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Tuition Reimbursement

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Comprehensive Health Insurance Coverage

·

Vendor Partnership Discount Program

·

Charitable Gift Contribution Matching

Adoption Assistance

Job

Accounting / Finance

Primary Location

United States-North Carolina-CHARLOTTE

Organization

GF Deposits - 2001940059

Schedule

Full-time

Job Posting

Feb 24, 2012, 9:20:17 AM

Ally Financial - 2 years ago - save job - block
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About this company
95 reviews
“Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive...