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

The Lender Finance Underwriting team provides credit risk analysis for loan origination and structuring in closing transactions for asset managers, specialty finance companies, and/or Business Development Companies ("BDC") focused on commercial lending sectors such as leveraged loans, asset-based lending, venture lending, equipment leasing, and factoring. The Underwriting Manager, Lender Finance handles transactions for all level clients and provides direct support evaluating, underwriting, closing transactions.

Job Responsibilities

* Analyze
* Review/analyze documentation
* Field exams/appraisals
* Assessment of top exposures
* Proposal letter/term sheet
* Offering memorandum/information memorandum
* Management presentation
* Industry reports/market study
* Competitor analysis
* Due diligence questions/related answers
* Visit the prospect's location/attend management presentation
* Perform financial analysis
* Interpretation of historical and projected financial information
* Financial modeling using spreadsheets
* Cash flow analysis
* Sensitivity analysis
* Loan/transaction structure analysis
* Consider other risks/strengths of transaction structure
* Appropriate advance rates
* Portfolio concentrations
* Covenants
* Legal issues
* Resolve/mitigate issues
* Prepare an underwriting document/other documents
* Prepare concise, complete approval documents/exhibits
* Present report/make recommendation to Credit Committee
* Prepare/present information memorandum/reports to syndicate banks
* Manage Transaction Progress
* Coordinate internal/external reports
* Liaise with legal counsel to document loan
* Expedite completion of conditions precedent/close loan
* Manage/assist with loan syndication
* Manage account after closing or transition the account to an account executive on the underwriting team
* Other
* Participate in ad hoc project work
* Assist in creating/maintaining a strong credit culture

Qualifications

* BA in Business, Accounting, Finance, Economics or any degree with relevant professional experience
* 5+ years of commercial lender finance underwriting or other relevant experience
* Strong knowledge of regulatory and firm risk policies.
* Strong product knowledge and expertise in financing approaches and techniques for equity or debt
* Completion of bank/finance company credit training program preferred
* Excellent communication (verbal and written), interpersonal and organizational skills
* Well-developed presentation and report writing skills
* Highly analytical, detail oriented with problem solving capability
* Ability to work independently with demonstrated strong time management skills
* High level of accountability and the ability to effectively prioritize tasks
* Technical: Advanced knowledge of MS Office: Excel, Word, PowerPoint Access and financial forecast models

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

Ally Corporate Finance (CF) provides customized secured commercial loans to private-equity and/or venture capital backed companies based in North America. Our loans are used by clients to facilitate acquisitions, fund working capital, growth/capital expenditures, and restructurings. CF focuses on manufacturers, distributors/wholesalers, and service businesses but also has specialty lending teams that cover healthcare and technology businesses. We are headquartered in New York and have offices in major cities across the U.S.

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. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:

* Industry-leading 401K retirement savings plan with matching and company contributions
* Wellness program encouraging healthy living with financial rewards
* Flexible health insurance options including dental and vision
* Pre-tax Health Savings Account with generous employer contributions
* Pre-tax commuter benefits
* Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters Employee Assistance Program, subsidized and discounted Weight Watchers program and other employee discount programs