Summer 2027 Internship – Auto Finance (Downers Grove, IL)

Ally Bank•Downers Grove, IL

1d•Hybrid

About The Position

Ally Financial offers an 11-week paid Auto Finance internship designed to help undergraduate students connect academic learning with business experience. Interns work on projects, learn from mentors and company leaders, attend training and learning sessions, network with colleagues, and develop their skills. The program runs from May 25 through July 30, 2027, and is 40 hours per week, with a mix of in-office and remote workdays. Interns present their work at the end of the assignment. Successful interns may have the opportunity to return to Ally for an Early Talent Program, a full-time role, or another internship, depending on graduation timing. Internship opportunities are available in Commercial Underwriting, Consumer Underwriting, and Portfolio Management/Dealer Management. Work across these areas may include credit underwriting, business development, loan closing, payment processing, and account management related to automotive dealership customers and products.

Requirements

Be a rising junior or senior in a full-time undergraduate program during the internship.
Be available for the full duration of the internship program.
Be eligible to work in the United States for any employer without company sponsorship now or in the future.
Have a high school diploma or GED equivalent.
Demonstrate excellent leadership, interpersonal, and communication skills.
Demonstrate analytical thinking, collaboration, and learning agility.
Minimum experience: 0+ years.

Nice To Haves

A major or course of study in Business, Finance, or a related field.

Responsibilities

Complete project-based work and gain hands-on experience in an assigned Auto Finance area.
Participate in orientation, executive speaking series, and intern learning sessions.
Participate in the mentoring program and giving-back events.
Network with peers, team members, and colleagues across the company.
Deliver an end-of-assignment presentation.
Depending on the assigned area, perform credit underwriting, new business development, loan closing, payment processing, or account management.
In Commercial Underwriting, conduct financial analysis and related due diligence for inventory credit lines and other commercial loans to automotive dealership customers.
In Consumer Underwriting, evaluate, negotiate, and make decisions on consumer offerings within underwriting policies.
In Portfolio Management/Dealer Management, facilitate delivery and management of products and services to automotive dealers, including credit lines, loans, and commercial insurance products.

Benefits

Market-competitive hourly compensation.
Sign-on bonus.
Financial housing assistance for qualifying interns.
Potential return opportunity in an Early Talent Program, full-time role, or second internship, depending on graduation timing.
Paid time off, paid holidays, and yearly volunteer time off.
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.
Life insurance and short- and long-term disability coverage.
Health Savings Account with employer contributions and Healthcare FSA.
Critical illness, accident, and hospital indemnity insurance.
Total well-being program.
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.
Discounted Weight Watchers program and other employee discount programs.
Possible travel allowances, relocation assistance, and equity, depending on the role.