Consumer Loss Forecasting Analyst

Ally Financial • Lewisville, TX

188d • Onsite

About The Position

As part of Loss Forecasting team within Ally's Auto Finance Consumer Credit Operations organization, this position plays a vital role in monitoring and forecasting trends in metrics such as delinquency roll rates, loss rates, customer recoveries, and auction recoveries by building and maintaining forecasting solutions for both standard deliverables and ad hoc requests. This role is responsible for assisting the team in carrying out forecasting routines that provide transparency into portfolio performance, emerging opportunities, and emerging risks. Ideal candidates will have strong technical skills and can work effectively with others in a fast-paced environment. Location: hybrid (3 days in office / 2 days remote) in Lewisville, TX (preference), Charlotte, NC or Detroit, MI.

Requirements

• 2+ years of relevant work experience or relevant course work (data analytics, financial analysis)
• Bachelor's degree in Finance, Data Analytics, Statistics, Economics, or other quantitative field
• Experience with SQL, Excel, PowerPoint
• Intellectual curiosity and critical thinking skills needed to understand trends and anomalies within data
• Ability to produce deliverables in an accurate and timely manner with minimal supervision
• Adept at working and collaborating with cross-functional teams
• Detail oriented with strong problem-solving skills
• Aptitude for quantitative and qualitative analysis
• Strong organizational skills and the ability to prioritize workflow

Nice To Haves

• Automotive dealer financial services experience preferred
• Experience with cloud-based database platforms (e.g., Snowflake) preferred
• Experience with Python preferred
• Experience with Power BI preferred

Responsibilities

• Work toward becoming a subject matter expert of forecasting portfolio credit losses and delinquencies for Ally's Consumer Auto Finance business line
• Assist the Principal in carrying out forecasting processes including associated analytics
• Own and update forecast visualizations that feed into presentation materials
• Perform analytics on financial projections to understand key variance drivers
• Work with the team to construct the narrative around each forecast update
• Analyze impact of monthly actuals to model projections
• Partner and collaborate with team members and business partners to achieve goals
• Pull data and provide analytical support for ad hoc projects, as needed
• Identify and act on opportunities to improve process efficiency
• Ensure deliverables are completed within agreed timelines, communicating issues to stakeholders as needed
• Maintain or create documentation of key process and controls relevant to areas of responsibility

Benefits

• 20 paid time off days in addition to 11 paid holidays and 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 back-up child and adult/elder care days
• Childcare discounts
• Mentally Fit Employee Assistance Program
• Subsidized and discounted Weight Watchers® program
• Travel allowances, relocation assistance, a signing bonus and/or equity may be available depending on the role

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree