Accountant II

Ally Bank•Detroit, MI

About The Position

The Accountant II calculates and analyzes Ally’s regulatory capital position in a dynamic regulatory environment and prepares related regulatory, SEC, and other public-facing reports. Under general supervision, the role focuses on preparing and analyzing reports to support accurate and timely filings, effective internal controls over financial reporting, and business partners’ understanding of reporting requirements. It offers exposure to business-line partners and other stakeholders, with the opportunity to develop an understanding of how regulatory requirements guide Ally’s business decisions. The position reports to an External Reporting Director and works closely with SEC Reporting and Regulatory Reporting. It also supports internal reporting prepared for C-level executives. The role requires relevant accounting and reporting experience and the ability to apply that experience to develop new ideas and concepts.

Requirements

At least 1 year of relevant experience.
Bachelor’s degree in Accounting preferred, or a degree in a relevant field of study or equivalent.
General accounting and/or functional skills relevant to the area of expertise.
Ability to organize data, perform independent analysis, and explain conclusions to management.
Strong work ethic and high degree of self-motivation.
Good communication skills.
Ability to work with limited supervision and use prior experience to execute moderately complex tasks.
Ability to contribute meaningfully to projects.
Comfort interacting with colleagues, support staff from other departments, and, usually under supervision, internal and external personnel such as external auditors and regulators.

Nice To Haves

At least 1 year of previous work experience in Accounting or a related field.
Advanced Microsoft Excel skills, including pivot tables and VLOOKUPs.
Proficiency with the Nasdaq AxiomSL ControllerView application.

Responsibilities

Calculate and analyze Ally’s interim and quarterly regulatory capital position, including Common Equity Tier 1 capital, additional Tier 1 capital, Tier 2 capital, and risk-weighted assets.
Prepare and analyze regulatory capital reports, schedules, and deliverables, including FR Y-9C Schedule HC-R, FFIEC 031 Schedule RC-R, regulatory disclosures in Ally’s Form 10-Q and 10-K, and Basel III public disclosures.
Perform analytical procedures and internal controls to ensure reports are accurate and comply with required regulations.
Coordinate with Ally’s Treasury Capital Planning function on regulatory capital matters and assist with reporting related to Comprehensive Capital Analysis and Review (CCAR) as needed.
Track and analyze regulatory capital rulemaking and assist with interpreting and applying new guidance and reporting requirements.
Support strategic initiatives involving new rule adoption, process automation, Nasdaq AxiomSL ControllerView capabilities, and other process improvements and efficiencies.
Support the effective design, implementation, and operation of internal controls for completeness, accuracy, and proper presentation of regulatory and other reports.
Help business-line partners understand reporting requirements and regulatory capital considerations when requirements or business initiatives arise.
Assist SEC Reporting and Capital Planning teams in ensuring consistency and accuracy of capital-related information.
Review and maintain distribution lists and policies and procedures for assigned schedules and processes.
Assist internal auditors, Business Line Risk, Model Risk Management, and external auditors as directed.

Benefits

At least 20 paid time off days, 11 paid holidays, and 8 hours of yearly volunteer time off; amounts may be prorated and programs vary by employment status and management level.
401(k) retirement savings plan with matching and company contributions.
Student loan pay-down and 529 educational savings assistance programs.
Tuition reimbursement.
Employee stock purchase plan.
Financial learning center and financial coach access.
Medical, dental, and vision insurance options.
Employee, spouse, and child life insurance.
Short- and long-term disability insurance.
Health Savings Account with employer contributions and Healthcare FSA.
Critical illness, accident, and hospital indemnity insurance.
Total well-being program supporting physical, social, emotional, and financial well-being.
Adoption, surrogacy, and fertility assistance.
Paid parental and caregiver leave.
Dependent Day Care FSA, backup child and adult/elder care days, and childcare discounts.
Employee assistance program.
Subsidized and discounted Weight Watchers program and other employee discount programs.
Potential travel allowances, relocation assistance, signing bonus, and/or equity, depending on the role.
Annual incentive plan eligibility.