At Ally, we take the safety and health of our employees seriously. Related to COVID-19, Ally moved quickly and decisively to protect the health and well-being of our teammates, including instituting a work-from-home protocol in mid-March. We are continuing to hire during this time and are finding new and innovative ways to onboard new teammates remotely. Flexibility remains key as we approach the evolving situation. Our teams will continue to work-from-home until leadership, in coordination with governmental guidance and requirements, determine that it is safe to re-enter our facilities.
You can read more about how Ally is supporting our employees, customers, auto dealers and communities during this unprecedented time here.
Position Description
This Manager will be a key member of Ally's Accounting Policy Team. The position will be responsible for supporting the Policy team and Ally by responding to business partner's financial accounting and reporting needs, assisting in analyzing complex accounting transactions, leading smaller new GAAP implementation projects, maintaining the Corporate Accounting Policy library, and supporting the administration of various processes run by the Accounting Policy Team. This position will work across all functional areas within the department and must have the ability to maintain a high level or organization while handling multiple priorities and meeting all required deadlines to ensure appropriate accounting conclusions are reached and implemented.
Job Responsibilities
* Assist in the writing and maintenance of Corporate accounting policies and internal process documentation
* Assist product teams with GAAP issues arising from complex transactions
* Lead smaller new GAAP implementations and/or assist in the implementation of portions of larger new GAAP projects.
* Ensure business lines have clear understanding of accounting policies and potential impacts, as well as impact to operational processes, in the implementation of accounting policies
* Provide day-to-day guidance on the accounting for new, unusual, significant and/or complex transactions or products.
* Responsible for providing appropriate technical accounting interpretation on the application of generally accepted accounting principles to finance/accounting personnel at Ally
* Keep current on industry accounting issues and literature to ensure company compliance and appropriate interpretation and application for the company
* Prepare written summaries supporting accounting positions taken on significant or complex transactions
Qualifications
* 5+ years of relevant experience
* BS/MBA in accounting or related field.
* CPA certification.
* Strong technical accounting knowledge and experience.
* Strong organizational and planning skills.
* Strong interpersonal/communication skills -- ability to present and discuss complex financial information in a way that persuades others and enhances understanding.
* Ability to build strong relationships with internal business partners and experience working with multiple business lines in a collaborative and team-oriented manner.
* Effective project management skills -- coordination of systems, business line and other personnel.
* Effective decision-making/critical thinking/problem solving skills -- creative and results oriented, operates with highest of integrity, sound business judgment.
Preferred
* Financial Services industry experience
* Experience in financial instruments, derivatives, securitizations, mergers and acquisitions would be beneficial.
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function
Finance strives to be a trusted adviser to the enterprise and prides itself on maintaining the highest level of integrity and accountability. Finance is responsible for finance reporting, financial analysis, accounting, strategy and planning, tax and investor relations.
Total Rewards Information
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally's total compensation -- or total rewards -- extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:
* Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
* Planning for the Future: benefits to help you plan for the near and long term including an industry-leading 401K retirement savings plan with matching and company contributions, student loan and 529 educational assistance programs, tuition reimbursement and other financial well-being programs.
* Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions and a total well-being program that helps you and family stay on track physically, socially, emotionally and financially.
* Building a Family: adoption, surrogacy and fertility support as well as benefits that help you take care of your family -- parental and caregiver leave, back-up child and adult/elder day care program and child-care discounts.
* Work-Life Integration: other benefits including LifeMatters Employee Assistance Program, subsidized and discounted Weight Watchers program and other employee discount programs.
Detroit, MI
Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans, other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also offers financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment provides consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers.
The Mortgage Finance Operations segment manages held-for-investment consumer mortgage finance loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings.
The Corporate Finance Operations segment offers senior secured leveraged cash flow and asset-based loans to middle market companies. It primarily focuses on businesses owned by private equity sponsors with loans used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital.
The company, through its subsidiary, Ally Bank, also provides commercial banking products and services. In addition, it offers digital securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is headquartered in Detroit, Michigan.