Senior Commercial Credit Underwriter

2 months ago


Lewisville, Texas, United States Ally Full time

About the Role

We are seeking a highly skilled Senior Commercial Credit Underwriter to join our team at Ally. As a key member of our Commercial Services Group, you will be responsible for conducting in-depth financial analysis and due diligence for credit extensions to businesses.

Key Responsibilities

  • Conduct detailed financial analysis on companies in various industries, utilizing financial statements and supporting documentation.
  • Prepare timely, formalized proposals summarizing the analysis, identifying any credit concerns and including recommendations for the credit extension.
  • Review ownership, licensing, and other related items to ensure company compliance and adherence to guidelines.
  • Interface and communicate with key personnel of companies, stakeholders, and other relevant parties to obtain required information.
  • Update company records, reports, and risk modeling systems with information gathered during the underwriting review process.
  • Execute other related responsibilities and projects as assigned.
  • Participate in and support ongoing professional development and training initiatives.
  • Ensure compliance with company policies, procedures, and external regulations.
  • Provide training and mentorship to interns, new department hires, and matrix partners.
  • Participate on special assignments to improve processes and enhance department training material.

Requirements

  • Undergraduate degree or equivalent training.
  • Minimum four years 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).

About Ally

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 designed to meet your needs and those of your family, including:

  • Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly.
  • 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 pay downs, and 529 educational save up assistance programs.
  • Supporting your Health & Well-being: flexible health and insurance options, including medical, dental, and vision, employee, spouse, and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, 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 assistance, as well as paid parental and caregiver leave, Dependent Day Care FSA, back-up child and adult/elder care days, and childcare discounts.
  • Work-Life Integration: other benefits, including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers program, and other employee discount programs.
  • Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus, and/or equity.


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