Ally Financial - Downers Grove, IL
posted 3 months ago
Full-time - Entry Level
Onsite - Downers Grove, IL
Credit Intermediation and Related Activities
About the position
The Credit Associate position within the Dealer Credit Administration team at Ally Financial is focused on providing essential support to dealer customers. This role involves managing wholesale accounts, processing transactions, and ensuring accurate financial reporting. The Credit Associate plays a key role in maintaining dealer relationships and facilitating daily financial operations.
Responsibilities
- Process manufacturer receivables and associated adjustments.
- Assist dealers with daily inventory management, including creation of receivables and inventory transfers.
- Facilitate daily ACH transactions.
- Ensure accurate posting of all payments and balancing of general ledger accounts.
- Research and complete daily exception reporting.
- Apply dealers' funds received in relation to wholesale credit lines and programs.
- Research and resolve unidentified or misapplied funds.
- Balance General Ledger activity.
- Prepare and route exception reports.
- Identify and deposit incoming wires.
- Review supporting documentation for dealer funding requests.
- Supervise and respond to incoming email requests received in group mailbox in a timely manner.
- Provide customer service for automotive dealers.
Requirements
- HS diploma or equivalent required.
- 2+ years' experience in financial services or similar industry.
- Associate's or Bachelor's degree in business or related emphasis may be considered in place of experience.
- Proficient use of all Microsoft Office programs.
- Strong written and oral communication skills.
- Understanding of automotive dealership operations is a plus.
Benefits
- 11 paid holidays
- 20 paid time off days
- 8 hours of volunteer time off yearly
- 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
- 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
- Adoption, surrogacy and fertility assistance
- Paid parental and caregiver leave
- Dependent Day Care FSA
- Childcare discounts
- Mentally Fit Employee Assistance Program
- Subsidized and discounted Weight Watchers® program
- Travel allowances
- Relocation assistance
- Signing bonus
- Equity
