Associate Underwriter - Commercial Auto

Hybrid

Downers Grove, IL

Cranberry Township, PA

Costa Mesa, CA

Plano, TX

Lawrenceville, GA

Full time

R2600088

Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We love 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?

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 Associate Underwriter - Commercial Credit will be responsible for completing the financial analysis and related due diligence for extensions of inventory credit lines and other commercial loans (real estate, working capital, lines of credit) to current and prospective automotive dealership customers. The position requires the ability to perform in-depth analysis (including 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 dealership personnel.

• Conducts financial analysis on automotive dealership 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 include recommendations for the credit extension.
• Completes reviews of UCC filings, insurance, licensing and other related items to document company compliance and ensure that guidelines are met.
• Interfaces and communicates with automotive dealership personnel and stakeholders to obtain all required information.
• Updates company records, reports, and risk modeling systems with information gathered 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.

• Undergraduate degree or equivalent training.
• One year of commercial credit underwriting or equivalent commercial 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).

• 0+ years of experience
• High school Diploma or GED equivalent

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are…