Financial Reporting Analyst II

General information

Career area

Finance

Work Location(s)

500 Woodward Avenue, MI

Remote?

No

Ref #

17807

Posted Date

Monday, June 24, 2024

Working time

Full time

Ally and Your Career

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?

Work Schedule: 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 Opportunity

This position is with the Portfolio Reporting team of the Dealer Financial Services group and is based in Detroit, MI. This team directly supports numerous areas of the CFO Group by developing credit risk metrics required for SEC disclosure reporting (10K/10Q), Fed/FDIC reporting, management reporting, and preparation of Ally's quarterly earnings materials. The person in this position will be responsible for the completion of numerous reporting processes in order to provide accurate, timely, and relevant credit risk information for financial reporting purposes. The successful candidate will be able to comfortably work with and analyze large datasets, thrive in a deadline-oriented environment, and demonstrate accuracy and accountability while preparing, validating, and reconciling standardized and ad hoc reports.

The Work Itself

• Produce and validate monthly and quarterly credit risk reports for various internal and external stakeholders.

• Be a subject matter expert on consumer auto credit risk reporting including all related aspects (delinquency, criticized assets, bankruptcies, repossessions, writedowns, modifications, etc.).

• Support Ally's quarterly financial close process by contributing to and reviewing the 10Q/10K and all earnings materials.

• Be able to reconcile and explain differences in balances between the general ledger and transactional data.

• Understand all current data issues and how they might impact the integrity of data we use.

• Maintain and update all Nucleus queries and desk procedures as necessary.

• Propose and/or implement process improvements for existing deliverables to improve efficiency and accuracy.

• Design, test, and implement new production reports based on management needs.

• Complete ad hoc assignments as requested.

The Skills You Bring

• Bachelor's degree in finance, economics, math, or related business field required.

• 1-3 years of relevant experience in a fast-paced analytical/reporting role.

• Strong skills in Microsoft Excel.

• Experience data mining large relational databases

• Knowledge of Microsoft Access, Snowflake/Nucleus, and SQL is a plus.

• Ability to summarize and analyze large datasets to identify trends, draw conclusions, and provide explanations.

• Are highly organized with a strong attention to detail.

• Possess strong analytical and problem-solving skills.

• Have a strong work ethic with the ability to initiate proactively and effectively manage multiple priorities.

• Ability to effectively communicate explanations and recommendations to management.

How We'll Have Your Back

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 so you can get the most out of your career and your life, including:

• Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date)

• 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, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.

• 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.

• To view more detailed information about Ally's Total Rewards, please visit this link: https://www.ally.com/content/dam/pdf/corporate/ally-total-rewards-snapshot.pdf

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.

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

67500

Expert

80000

Incentive Compensation: This position is eligible to participate in our annual incentive plan.