Job Description

Position Description

The Director, Portfolio Management is primarily responsible for managing a portfolio of 10-12 asset managers, specialty finance companies, and/or BDCs. Individuals work with other senior members of the team to develop and implement a strategy for managing the credit risks involved with specific asset managers, specialty finance companies, and/or BDCs, in accordance with established corporate policies with a goal of minimizing loan losses. The Director, Portfolio Management is the primary interface between the borrower and LF and as such is responsible for balancing the needs and expectations of the borrower with policies, procedures and risk tolerances of Ally LF. Additionally, the role frequently interfaces with CF management, Ally Risk, referral sources, sponsor groups, bank syndicate members, management teams and Ally LF support functions, including credit approval, legal, loan administration and operations. The Director, Portfolio Management plays an instrumental role in developing and training junior level staff.

Job Responsibilities

Know the client and the client's business

* Understand each assigned account and the primary drivers in each client business
* Review/analyze financial statements and client projections on a timely basis
* Deepen relationships with the borrower and referral sources
* Manage all aspects of client relationships
* Responsible for timely and accurate preparation of portfolio review, credit amendments, etc.
* Visit and communicate with client as necessary

Minimize risk

* Monitor compliance with loan documents
* Ensure field exams and appraisals are performed in a timely manner, and implement reserves as appropriate
* Ensure legal documentation is executed in accordance with approval parameters
* Develop and implement client management strategy with minimal supervision from senior management
* Manage operational aspects of client accounts throughout the loan cycle
* Ensure that our operating system accurately reflects lending commitments and pricing data, etc

Execute corporate governance responsibilities

* Follow established policies/procedures
* Prepare thorough and clearly written credit approval memorandums
* Manage the credit review and approval process and portfolio reviews

Identify New Business Opportunities

* Notify management of any refinancing opportunities within the existing portfolio
* Know asset manager, Business Development Company ("BDC") and specialty finance company financing needs
* Know/promote CF Products

Underwritings -- Prepare underwriting memorandum for loan modifications applicable to portfolio

* Liaise with legal counsel to document loan
* Negotiate legal documentation
* Expedite completion of conditions precedent/close loan
* Ensure all regulatory requirements are properly adhered to
* Manage/assist with loan syndication

Other

* Mentor and train less experienced team members
* Assist in creating/maintaining a strong credit culture

Qualifications

Experience/Education

* 8-10 years of progressive portfolio management/underwriting experience with relevant focus in the leverage lending sector
* Experience in any of the following: auditing, banking, commercial lending, underwriting, financial analysis, credit analysis, collateral management
* Proven success in relationship management
* Required BA in Business, Accounting, Finance, Economics or related field or any degree with relevant professional experience required
* Master's degree preferred
* Completion of bank/finance company credit training program preferred

Skill Set

* Excellent communication (verbal and written), interpersonal and organizational skills
* Highly analytical, detail oriented with problem solving capability
* Ability to work independently with demonstrated strong time management skills
* Well-developed presentation and relationship building 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.

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.

Ally is an Equal Opportunity Employer

We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.