Associate Commercial Underwriter
About The Position
This entry-level position is part of the Commercial Underwriting team at one of Ally’s five Regional Business Centers, which provide comprehensive, industry-leading service to Ally’s automotive dealership customers. This opportunity serves as a foundational role for highly motivated individuals eager to learn about the fast-paced automotive industry and commercial credit. The role begins with a comprehensive training program designed to introduce the fundamentals of the position and Ally’s customer-focused approach to Commercial Auto Finance. Following training, the Associate Commercial Credit Analyst will interact with automotive dealership personnel and internal stakeholders to gather information and perform in-depth financial evaluations. These evaluations will form the basis for creating comprehensive account reviews, which will include recommendations on credit extensions to automotive dealerships (both existing and new relationships) to meet their business needs (such as inventory lines of credit, real estate and other commercial loans). Along the way, the Associate Commercial Credit Analyst will receive ongoing developmental feedback, build relationships, and gain exposure to other functions. This includes exposure to local management and executive leadership to gain insight into strategic decision-making processes. Additionally, mentorship will be available to provide guidance and support from seasoned professionals committed to helping you succeed. Performance-based developmental rotation opportunities may also be encouraged, allowing you to experience various other key roles within Auto Finance, thereby broadening your expertise and career prospects.
Requirements
- 0+ years of experience
- High school Diploma or GED equivalent
- Strong analytical skills
- Strong time management skills
- Strong written and oral communication skills
- Strong problem-solving skills
- Strong collaboration skills
- Motivated self-starters who are eager to learn and grow within a dynamic organization
Nice To Haves
- Previous professional or internship experience preferred
- Demonstrated track record of success through the articulation of quantitative and qualitative results.
- Bachelor’s Degree from an accredited university
Responsibilities
- Communicate directly with automotive dealership personnel and internal stakeholders to obtain all required information for completion of comprehensive account reviews on current and prospective dealership customers.
- Conduct financial analysis and related due diligence (including cash flow and liquidity analysis, validation of financial records) on automotive dealership financial statements and supporting documentation.
- Prepare timely, formalized proposals summarizing the financial analysis and overall account relationship, identifying any credit concerns, and recommending appropriate risk mitigation strategies and lending structures for management review / decisioning.
- Participate in and support ongoing professional development and training initiatives.
- Ensure compliance with company policies, procedures and external regulations.
Benefits
- Market-competitive base pay
- Pay-for-performance incentives (bonuses)
- 20 paid time off days
- 11 paid holidays
- 8 hours of volunteer time off yearly
- Industry-leading 401K retirement savings plan with matching and company contributions
- Student loan pay downs
- 529 educational save up assistance programs
- Tuition reimbursement
- Employee stock purchase plan
- Financial learning center and financial coach access
- 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
- Total well-being program
- Adoption assistance
- Surrogacy assistance
- Fertility assistance
- Paid parental leave
- Paid caregiver leave
- Dependent Day Care FSA
- Back-up child and adult/elder care days
- Childcare discounts
- Mentally Fit Employee Assistance Program
- Subsidized and discounted Weight Watchers® program
- Other employee discount programs
- Travel allowances
- Relocation assistance
- Signing bonus
- Equity
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
