Manager of Auto Loss Forecasting & Allowance Job at Ally Financial
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?
The Opportunity
We are looking for a dynamic leader with excellent communication skills and experience leading a high potential team, with a background in automotive lending or some other consumer lending industry, business intelligence, forecasting & modeling, and strong problem solving and organizational skills.
As a Manager of Auto Loss Forecast and Allowance Monitoring, the person will be responsible for conducting complex analysis and in-depth research on auto consumer and credit risk issues across Ally’s entire auto portfolio. The analysis and research include procuring and publishing consumer and portfolio analytics that drive proactive awareness to deviation in loss projections and allowances as well as incorporating external data to refine our forecast and stress testing procedures.
The Work Itself
- Develop, own, and drive the roadmap and vision for the forecast production and monitoring team
- Lead a team of highly motivated analysts focused on the development of routine data production and oversight tools to support the forecasting, allowance, and stress testing auto processes
- Identify forecast deviations for expectations by understanding the “why” through routine monitoring and updates of business results
- Work closely with executive and operational leaders on emerging risk trends and deployed strategies to consume in future forecast projects
- Manage the priorities using sound control processes (daily/weekly/monthly) to effectively identify, assess and manage risk
- Influence the roadmap and priorities of other partner groups by proactive engagement on topics related to forecasting data production and analytics
The Skills You Bring
- Strong technical and financial acumen; experience working with data analysis and discovery
- High-performing self-starter, with strong attention to detail and excellent organizational skills
- Strong program and project management skills; ability to understand organizational capacity and manage resource allocations to achieve business outcomes
- Highly collaborative, with ability to lead and influence others with confidence and emotional intelligence
- Ability to present recommendations with supporting rationale and be accountable to timelines, organizational capacity, and project needs
- Strong communication and partnership skills; able to collaborate through complex problems with a diverse team across departments, organizational levels, and with external partners
- Ability to challenge assumptions and give and receive feedback respectfully
- Ability to estimate work, commit and deliver on deadlines and be vocal when risks arise
- Ability to manage multiple priorities concurrently, including self-executed deliverables and requirements executed by other teams
Experience / Education:
- Bachelor’s degree in Business, Finance, Operations Research, Statistics, Economics, or a similar discipline with quantitative focus
- 5+ years of experience in a similar role focused on risk functions
- Excellent written and verbal communication skills, including the ability to effectively present proposals and vision to executive leadership
- Experience working with and influencing support partners to align objectives and enable change
- Candidate should possess outstanding analytical and problem-solving skills; should be a critical thinker with strong attention to details
- Experience leading a team of direct reports with good organizational skills
- Understanding of risk management concepts and key performance drivers within consumer lending portfolios.
- Understanding of data mining and analytical techniques
- Minimum 3-4 years of practical experience working with large datasets with SAS and/or SQL knowledge
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. 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.We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
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.
Job Type: Full-time
Pay: $120,000.00 - $125,000.00 per year
Benefits:
- Life insurance
- Paid time off
Work Location: One location
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