Senior Accountant

Ally; Detroit (MI); On-site; USD 70,000 - 120,000; Full time

Benefits offered by this job

Time Away

401K with company contributions

Tuition reimbursement

Employee stock purchase plan

Healthcare benefits

Job summary

Ally Financial is seeking a Senior Accountant in Detroit, MI to play a pivotal role in calculating the company’s regulatory capital and in preparing regulatory, SEC, and public-facing reports. You will work under supervision to ensure accurate filings, maintain internal controls over financial reporting, and support business partners in understanding reporting requirements.

The position offers exposure to capital planning, CCAR reporting, Basel III disclosures, and opportunities to enhance

Qualifications

• 3+ years of experience in Accounting or related field preferred.
• CPA (or equivalent) and/or MBA preferred.
• General technical accounting and/or functional skills for area of expertise.
• Advanced MS Excel (pivot tables, v-lookups, etc.) preferred.
• Proficient knowledge of Nasdaq AxiomSL ControllerView application preferred.
• Exhibit a strong work ethic and high degree of self-motivation.
• Sound oral and written communication skills.
• Ability to organize data, perform independent analysis, and provide explanations to management.
• Ability to work with limited supervision while applying previous experience to execute tasks.
• Ability to lead small projects or contribute to larger projects.
• Comfortable interacting with other personnel from other departments.

Responsibilities

• Interim and quarterly calculation and analysis of Ally’s regulatory capital position, including Common Equity Tier 1, Additional Tier 1, Tier 2, and risk-weighted assets.
• Prepare and analyze reports, schedules, and other deliverables for regulatory capital such as FR Y-9C Schedule HC-R, FFIEC 031 Schedule RC-R, Basel III disclosures; ensure accuracy and compliance.
• Coordinate with the Capital Planning function of Ally’s Treasury team on regulatory capital matters and assist with CCAR reporting.
• Track and analyze rulemaking related to regulatory capital and apply new guidance.
• Support design/implementation and operation of internal controls for regulatory reports.
• Assist business line partners in understanding reporting requirements and capital considerations when new initiatives arise.
• Assist SEC Reporting and Capital Planning teams to ensure consistency of capital-related information.
• Review and maintain distribution lists and procedures documents for schedules.
• Assist internal auditors, Risk teams, and external auditors as directed.

Skills

Accounting knowledge

Regulatory reporting

MS Excel

Communication skills

Self-motivation

Education

Bachelor's Degree in Accounting

Tools

Nasdaq AxiomSL ControllerView

Job description

Detroit, MI

601 S. Tryon Street

500 Woodward Avenue

Full time

R2601243

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 love 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

The Senior Accountant position will play a critical role in the calculation of the company’s regulatory capital position in a dynamic regulatory environment and preparation of related regulatory, SEC, and other public-facing reporting. Under general supervision, the position will be primarily focused on the preparation and analysis of these reports to ensure accurate and timely filings, maintain effective internal controls over financial reporting, and assist business partners in understanding reporting requirements. The role provides the opportunity to gain exposure to business line partners and other stakeholders and develop a deep understanding of how regulatory requirements guide Ally's business decisions. The position requires an individual with relevant accounting and reporting experience who is able to leverage prior experience to develop fresh ideas and concepts. This position reports to an External Reporting Director and will interact closely with SEC Reporting and Regulatory Reporting and support internal reporting prepared for C-level executives within the organization.

The Work Itself

• Interim and quarterly calculation and analysis of Ally’s regulatory capital position, including Common Equity Tier 1 capital, additional Tier 1 capital, Tier 2 capital, and risk-weighted assets




• Responsible for preparing and analyzing reports, schedules, and other deliverables pertaining to regulatory capital such as FR Y-9C Schedule HC-R, FFIEC 031 Schedule RC-R, regulatory disclosures within Ally’s Form 10-Q and 10-K, and Basel III public disclosures; including performing analytical procedures and other internal controls to ensure reports are accurate and in compliance with required regulations




• Coordinate with the Capital Planning function of Ally’s Treasury team on regulatory capital matters and assist with their reporting related to Comprehensive Capital Analysis and Review (CCAR) as needed




• Track and analyze rulemaking activities related to regulatory capital and assist with the interpretation and application of new guidance and reporting requirements




• Assist with strategic initiatives within the regulatory capital space including adoption of new rules, advancing process automation, leveraging new capabilities within Nasdaq AxiomSL ControllerView, and driving other efficiencies and process improvements




• Support effective design/implementation and operation of internal controls to ensure completeness, accuracy, and proper presentation of regulatory reports and other reporting




• Assist business line partners in their understanding of reporting requirements and regulatory capital considerations when new requirements or business initiatives arise




• Assist SEC Reporting and Capital Planning teams to ensure consistency and accuracy of capital-related information




• Review and maintain the relevant distribution lists and policies and procedures documents for assigned schedules and processes




• Assist internal auditors, Business Line Risk, Model Risk Management, and external auditors as directed

The Qualifications We’re Looking For

• 3+ years previous work experience in Accounting or related field preferred.




• CPA (or equivalent) and/or MBA preferred.




• General technical accounting and/or functional skills for area of expertise.




• Advanced MS Excel (pivot tables, v-lookups, etc.) preferred.




• Proficient knowledge of Nasdaq AxiomSL ControllerView application preferred.




• Exhibit a strong work ethic and high degree of self-motivation.




• Sound oral and written communication skills.




• Ability to organize data, perform independent analysis, and provide explanations/conclusions to management.




• Ability to work with limited supervision while applying previous experience to execute all but the most complex tasks.




• Ability to lead small projects or contribute meaningfully to larger projects.




• Comfortable interacting with other personnel in group or support staff from other departments; may interact with other internal and external personnel (i.e., external auditors, regulators) on specific projects or more complex tasks, usually under supervision.

Minimum Qualifications

• 3+ years of relevant experience




• Bachelor’s Degree in Accounting or relevant field(s) of study or equivalent

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: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).




• 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.

In accordance with the Americans with Disabilities Act, if after review of the position expectations, you believe that you may need a medical accommodation to fulfill the duties of this role, please email [e-mail] with details of your accommodation request.

Base Pay Range

$70,000.00 - $120,000.00

An individual\'s position in the range is determined by the specific role, 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.

Incentive Compensation:

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

We all work better as allies. Join a team that thrives on doing it right — whether we're helping people live their best financial lives or helping each other grow in our careers.

Share your resume with our recruiters so we can reach out to chat about roles that match your background and skillset.

We're a leading financial services company serving over 11M customers through banking, auto financing, insurance and investment services. Our team's approach of celebrating differences and lifting each other up is consistently recognized on Fortune's 100 Best Companies to Work For list. Here, you'll find people who care about doing work that matters and making an impact in the communities we serve. Good enough is never enough for us — we're always looking for ways to be better, together.

CCPA Notice (https://www.ally.com/content/dam/pdf/corporate/ally_careers_ccpa_disclosures_ca_residents.pdf)