About the Role
Title: Sr. Auto Commercial (Underwriter/ Credit Analyst)
Career area: Underwriting
Work Location(s): 2911 Lake Vista Drive, TX
Remote?: Yes
Ref #: 17493
Working time: Full time
Job Description:
Ally and Your Career
Ally Financial only succeeds when its people do – and that’s more than some cliché people put on job postings. We live this stuff! We see our people as, well, people – with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You’re constantly evolving, so shouldn’t your opportunities be, too?
Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role’s specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.
The Opportunity
As part of the Commercial Services Group, the Senior Underwriter – Commercial Credit will be responsible for completing the financial analysis and related due diligence for extensions of credit lines to current and prospective business customers. The position requires the ability to perform in-depth analysis (including forecasting, cash flow and liquidity analysis, validation of financial records, credit investigations), use a proprietary risk modeling system, and make recommendations regarding the creditworthiness of the credit extension that mitigates risk and complies with corporate and regulatory policies and procedures. In addition, the Underwriter must provide a high level of customer service and will regularly communicate with key internal and external personnel.
Highly preferred role is based in Lewisville, TX or Lawrenceville, GA
The Work Itself
Conducts detailed financial analysis on companies in various industries utilizing financial statements and supporting documentation, including data obtained from both internal and external sources.
Prepares timely, formalized proposals summarizing the analysis, identifying any credit concerns and includes recommendations for the credit extension.
Completes reviews of ownership, licensing and other related items to document company compliance and ensure that guidelines are met.
Interfaces and communicates with key personnel of companies, automotive dealership personnel and stakeholders to obtain all required information.
Updates company records, reports and risk modeling systems with information gather during the underwriting review process.
Executes other related responsibilities and projects as assigned.
Participates in and supports ongoing professional development and training initiatives.
Ensures compliance with company policies, procedures, and external regulations.
Provides training and mentorship to interns, new department hires and matrix partners.
Participates on special assignments to improve processes and enhance department training material.
The Skills You Bring
- Undergraduate degree preferred or equivalent training.
- Minimum four years of commercial credit underwriting or equivalent commercial Auto lending experience preferred.
- Understanding of dealership and wholesale administration a plus.
- Strong financial analysis and analytic/problem solving skills required.
- Proficient in intermediate MS applications (Word, Excel, Access and PowerPoint).