General information

Ref # 17969

Remote? No

Ally and Your Career

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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?

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

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Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally’s total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including: * 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.

Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.

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:

Emerging: 65000

Experienced: 90000

Expert: 115000

Incentive Compensation: This position is eligible to participate in our annual incentive plan