General information
Ref # 20507
Remote? No
Ally and Your Career
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Ally Financial only succeeds when its people do - and that's more than some cliché people put on job postings. We live 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?
The Opportunity
This is a critical role within the Risk Finance department and supports activities related to Ally's largest estimate on the balance sheet - the allowance for credit losses. The Accountant II is an important position on the team, with responsibility over the preparation of monthly accounting responsibilities, including the preparation of journal entries and components of Ally's financial statements. The Accountant II will also supporting the forecasting process for the allowance and provision, preparing presentations to senior management and the Allowance for Credit Losses (ACL) Committee, and partnering with Finance and Risk business partners to understand changes in the allowance and provision expense that could have upstream and downstream impacts. This role provides broad exposure to various finance and risk roles company-wide.
The Work Itself
Assist in the preparation of the quarterly and year-end financial statements (10-Q/10-K).
Assist with the accounting close process (e.g., prepare journal entries, financial statement account analysis, etc.).
Assist with ensuring the completeness and accuracy of key metrics related to Net Charge-Offs and Allowance for Credit Losses.
Manage and improve the processes around the assigned activities.
Assist with ERP/software transformation initiatives.
Assist in the preparation process leading up to the quarterly ACL Committee meetings which includes working with risk business partners to obtain data and prepare materials.
Maintain robust documentation which underlines the ACL Committee governance process and ensure SOX controls are strictly adhered to.
Evaluate and communicate expected impacts to the allowance associated with new products and acquisitions.
Utilize SAP, Workday, and OneStream to support internal and external reporting requirements.
Support qualitative improvements in control operations to reduce / eliminate control deficiencies.
Assist in analytical accounting support to internal business partners and the resolution of accounting problems through the appropriate channels.
The Skills You Bring
Bachelor's degree required (Accounting major preferred). CPA (or equivalent) and /or MBA preferred.
1+ year of work experience in Accounting or related field with general accounting and/or functional skills for area of expertise.
Workday ERP experience preferred.
General accounting and/or functional skills for area of expertise.
Exhibit a strong work ethic and high degree of self-motivation.
Proficient computer skills including MS Office applications, including Excel (pivot tables, v-lookups, etc.) and PowerPoint.
High level of written and oral communication skills, including preparing management presentations.
High level of interpersonal skills to work effectively in a team environment.
Exhibit a strong work ethic and high degree of self-motivation.
Ability to work with limited supervision while applying previous experience to execute moderately complex tasks.
Experience and comfort with direct communication to business partners.
LI-hybrid
How We'll Have Your Back
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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: plan for the near and long term with 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 your family stay on track physically, socially, emotionally, and financially.
Building a Family: adoption, surrogacy, and fertility support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
Who We Are:
Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.
Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to 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.
Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Base Pay Range:
An individual's position in the range is determined by the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.
Emerging: 55000
Experienced: 75000
Expert: 95000
Incentive Compensation: This position is eligible to participate in our annual incentive plan
