associate analyst - loan closing
Posted on: 31 Jan 2022
Plano, TX
Job Description
The Opportunity
“We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.”
The Work Itself
Dealer Wholesale / Floorplan and Loan Onboarding:
Proceeds advanced subject to the approved terms and conditions.
Post-closing activities completed in a timely manner.
Document Negotiation:
Negotiate and document acceptable intercreditor terms with competing lenders and other creditors.
Understanding of UCC process and related documentation.
Personnel and self-development:
Actively coach and mentor employees.
Enhance personal development through training and mentoring.
Enhance profitability:
Seek and act on opportunities to reduce operating costs.
o Ensure expenses are properly allocated to appropriate cost center.
Adhere to company policies/procedures:
Escalate non-compliant matters
Follow departmental processes:
Ensure established metrics are achieved
Dealer and matrix partners' expectations are met
Loss exposure is mitigated
Provide stakeholders frequent status updates and solicit feedback.
· Proactively work to resolve internal conflicts and develop effective working relationships.
The Skills You Bring
Bachelor's degree in related field strongly preferred.
5 + years in automotive commercial finance or related inventory / floorplan financing is needed.
At least 2 years leadership experience preferred.
Proficiency with Microsoft Office Suite programs and expertise in Microsoft Excel
Strong verbal and written communication skills
Ability to provide advice/direction in primary areas of expertise
Contribute to and manage multiple projects at a time in a fast paced environment
Leveraging technical expertise and relationships to contribute to strategy and drive business results
Strong analytic/problem solving skills required
Ally Financial
Detroit, MI
Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans, other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also offers financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment provides consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers.
The Mortgage Finance Operations segment manages held-for-investment consumer mortgage finance loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings.
The Corporate Finance Operations segment offers senior secured leveraged cash flow and asset-based loans to middle market companies. It primarily focuses on businesses owned by private equity sponsors with loans used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital.
The company, through its subsidiary, Ally Bank, also provides commercial banking products and services. In addition, it offers digital securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is headquartered in Detroit, Michigan.
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IndustryBanking/Financial Services
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No. of Employees8, 200
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Website
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Jobs Posted2961
