Director, Portfolio Management — Private Credit Leadership

Ally; Chicago (IL); Hybrid; USD 135,000 - 235,000; Full time

Benefits offered by this job

Time off program

401K and retirement plan

Health insurance

Job summary

Ally Financial is seeking a Director, Portfolio Management to oversee sponsor-backed middle-market leveraged loans. You will lead underwriting, structuring, and syndication efforts, ensuring comprehensive risk oversight and covenant compliance.

The role requires 9+ years in leveraged finance or related fields, with demonstrated experience managing middle-market portfolios. You will interact with senior management and sponsor groups while mentoring analysts and associates.

Qualifications

• 9+ years of relevant leveraged finance, underwriting, or portfolio management experience.
• Experience managing middle-market leveraged loan portfolios.
• Experience with borrower amendments, waivers, restructurings, and refinancing activities.
• Experience in banking, commercial lending, private credit, underwriting, financial analysis, credit analysis, auditing, or collateral management.
• Experience with borrower and sponsor relationship management.
• Advanced understanding of leveraged lending structures, cash flow underwriting, enterprise valuation methodologies, debt capacity analysis, covenant structures, sponsor equity dynamics, and leveraged buyout transaction modeling.
• Experience underwriting and/or managing private equity sponsor-backed middle-market companies.
• Experience presenting credit recommendations, portfolio reviews, and risk assessments to senior management and credit approval committees.

Responsibilities

• Maintain oversight of an assigned portfolio of commercial loans and identify emerging risks.
• Conduct credit reviews, risk-rating assessments, and portfolio monitoring; present updates to senior management and credit committees.
• Manage portfolio administration including financial performance monitoring, covenant compliance, and amendments.
• Monitor sponsor activity, industry dynamics, and macroeconomic developments affecting portfolio companies; develop mitigations.
• Review and negotiate credit documentation with legal counsel.
• Develop relationships with private equity sponsors, management teams, and lending partners to support portfolio oversight.
• Analyze borrower performance, liquidity, leverage trends, covenant compliance, and cash flow generation.
• Evaluate amendments, waivers, acquisitions, add-on investments, and refinancing requests.
• Lead portfolio management for distressed credits; develop risk-mitigation strategies and coordinate with workout/risk teams.
• Assist with underwriting new transactions including due diligence, financial analysis, and structuring; prepare underwriting recommendations.

Skills

Credit analysis

Portfolio management

Communication

Analytical thinking

Negotiation

Leadership

Tools

Microsoft Excel

Microsoft Word

PowerPoint

Job description

Ally Financial is seeking a Director, Portfolio Management to oversee sponsor-backed middle-market leveraged loans. You will lead underwriting, structuring, and syndication efforts, ensuring comprehensive risk oversight and covenant compliance.

The role requires 9+ years in leveraged finance or related fields, with demonstrated experience managing middle-market portfolios. You will interact with senior management and sponsor groups while mentoring analysts and associates.