Job Description

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

Senior Accountant within Ally Financial's Auto Finance Accounting organization plays a critical role in providing accurate, timely, and relevant financial information, advice, and transaction support to key stakeholders of the company's largest operating unit. Under general supervision, the position will be responsible for accounting-related activities in support of Ally Financial's Auto Finance operations, specifically for the securitization team, and will lead in developing and executing accounting processes for its strategic growth initiatives. Ability to work in a fast-paced environment with a talented team focused on working efficiently to promote work/life balance is strongly preferred. This position reports to the Auto Finance Securitization Manager.

Job Responsibilities

* Drive Advantage testing and implementation strategy for both Consumer and Commercial platforms
* Become the Securitization Accounting SME for Facilities and Wholesale programs by engaging in various securitization reporting, review and distribution, and ensuring activity results are accurate and timely. Train and become first reviewer for securitization analyst for each of these platforms.
* Coordinate monthly activities, cash movements and address securitization servicing questions with internal customers, trustees/administrators and securitization investors
* Responsible for legal entity accounting, review and analysis
* Assist with the accounting close process (e.g. prepare journal entries, financial statement account analysis, etc.) and prepare related monthly account reconciliations
* Ensure corresponding account reconciliations are properly supported and in compliance with global policy; research transactions that drive journal entries and make sure there is adequate documentation to support general ledger balances (and provide explanation of how the accounts work)
* Assess current accounting practices and adopt changes to Generally Accepted Accounting Practices (GAAP), as applicable. Assist with the research and implementation of technical accounting and disclosure matters, and develop comprehensive documentation that links our business unit accounting practices to the relevant accounting policies
* Evaluate processes and procedures for efficiency and effectiveness, and make improvements where possible
* Assist with ensuring the completeness and accuracy of account reconciliations and general ledger accounts, which requires liaising with other accounting functions impacting the Auto Finance general ledger (e.g. Securitization Accounting)
* Liaise with key stakeholders and other functional areas, such as Auto Finance FP&A, Risk, Treasury, IT, etc.
* Liaise with both internal and external auditors
* Assist with special projects / ad-hoc requests as needed

Qualifications

* Undergraduate degree in accounting -- CPA certification or its equivalent preferred
* Working knowledge and appreciation of month-end financial close and internal reporting processes
* Strong technical skills related to controller's applications
* Capacity to anticipate and develop new processes with minimal direction
* Proficient knowledge of computer skills including MS Office applications
* Strong project management skills and ability to effectively prioritize tasks
* High level of written and oral communication skills - experience with preparing technical accounting documentation a plus
* High level of interpersonal skills to work effectively in a team environment
* Strong analytical and problem solving skills
* Strong organizational skills

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.