Ally Financial Senior Director, Underwriting Sponsor Finance in Chicago, Illinois


Jun 8, 2016


Ally Overview

Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise with the opportunity, experience and people to redefine the industry.

Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.

Business Unit/Enterprise Function

Ally Corporate Finance (CF) provides customized secured commercial loans to private-equity and/or venture capital backed companies based in North America. Our loans are used by clients to facilitate acquisitions, fund working capital, growth/capital expenditures, and restructurings. CF focuses on manufacturers, distributors/wholesalers, and service businesses but also has specialty lending teams that cover healthcare and technology businesses. We are headquartered in New York and have offices in major cities across the U.S.


The Corporate Finance Underwriting team provides credit risk analysis for loan origination and structuring in closing middle market leveraged lending transactions. The Senior Director, Underwriting manages large transactions with important clients and may act as the No. 2 on the largest and most complex transactions. The role leads a deal team with responsibility for evaluating, negotiating, and closing middle market leveraged loans and provides training and guidance to more junior staff.

Job Responsibilities

  • Analyze
  • Lead deal team by providing oversight and guidance in review/analysis of documentation
  • Field exams/appraisals
  • Assessment of top customers/suppliers
  • Proposal letter/term sheet
  • Offering memorandum/information memorandum
  • Management presentation
  • Industry reports/market study
  • Competitor analysis
  • Due diligence questions/related answers
  • Visit the prospect's location/attend management presentation
  • Supervise junior members of the deal team in preparing financial analysis Interpretation of historical and projected financial information
  • Financial modeling using spreadsheets
  • Cash flow analysis
  • Sensitivity analysis
  • Loan/transaction structure analysis
  • Consider other risks/strengths of transaction structure
  • Covenants
  • Amortization
  • Legal issues
  • Resolve/mitigate issues
  • Structure transaction with minimal oversight from senior manager
  • Lead deal team in preparation of an underwriting document/other documents
  • Prepare concise, complete approval documents/exhibits
  • Present report/make recommendation to Credit Committee
  • Prepare/present information memorandum/reports to syndicate banks
  • Manage Transaction Progress
  • Coordinate internal/external reports
  • Appraisals
  • Field exams
  • Environmental
  • Background checks
  • Financial due diligence
  • Other
  • Liaise with legal counsel to document loan
  • Negotiate legal documentation
  • Expedite completion of conditions precedent/close loan
  • Assist syndications group with loan syndication
  • Transition the account to an account executive on the portfolio team
  • Other
  • Assist in creating/maintaining a strong credit culture


  • 12+ years of progressive underwriting or other relevant experience
  • 3+ years managing a team preferred
  • Strong knowledge of regulatory and firm risk policies
  • Strong product knowledge and expertise in financing approaches and techniques for equity or debt
  • Required Education: BA in Business, Accounting, Finance, Economics or any degree with relevant professional experience
  • Master's degree preferred
  • Completion of bank/finance company credit training program preferred
  • Excellent communication (verbal and written), interpersonal and organizational skills
  • Proven success in developing and mentoring talent
  • Highly analytical, detail oriented with problem solving capability
  • Technical: Computer literate, including: Word, Excel, Power Point and financial forecast models
  • High level of accountability

Total Rewards

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:

  • Industry-leading 401K retirement savings plan with matching and company contributions
  • Wellness program encouraging healthy living with financial rewards
  • Flexible health insurance options including dental and vision
  • Pre-tax Health Savings Account with generous employer contributions
  • Pre-tax commuter benefits
  • Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs

Ally is an Equal Opportunity Employer

We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.