Vice President, Portfolio Management - Energy & Infrastructure

Ally; New York (NY); On-site; USD 135,000 - 235,000; Full time

Benefits offered by this job

Time Off

401K retirement plan

Relocation assistance

Signing bonus

Job summary

Ally Financial, based in New York, seeks a senior project finance professional to manage a portfolio of energy and infrastructure loans. The role focuses on lead/agency and co-lead arrangements, amendments, waivers and loan modifications, acting as the primary interface between clients and banks after closing.

You will work within Ally Energy & Infrastructure, collaborating with risk, credit, and operations to balance borrower needs with policy and risk tolerances, while mentoring teammates

Qualifications

• 9+ years of relevant experience or equivalent combination of education and experience
• High school Diploma or GED equivalent
• Master’s degree preferred
• Proven success in relationship management
• Completion of bank/finance company credit training program preferred

Responsibilities

• Know the client and the client’s business, and maintain a professional and responsive relationship with appropriate contacts of the client
• Assist with loan set up and closing, and act as administrative agent for certain lead deals with syndicate bank groups
• Execute post-close requirements of the credit agreement
• Minimize risk
• Execute corporate governance responsibilities
• Identify New Business Opportunities Underwritings - Prepare underwriting memorandum for loan modifications applicable to portfolio
• Mentor and train less experienced team members
• Assist in creating/maintaining a strong credit culture

Skills

Portfolio management

Relationship management

Financial analysis

Communication

Problem solving

Education

BA in Business/Finance/Economics

Master’s degree

Tools

MS Office (Excel/Word/PowerPoint)

Access

Financial forecast models

Job description

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?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role’s specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

This role will be based out of our New York office.

This role is an integral part of the broader Ally Energy & Infrastructure team and will primarily be responsible for managing a portfolio of senior project finance loans extended to Power, Energy and Infrastructure borrowers owned primarily by private equity sponsors and developers. The portfolio will be comprised of mostly lead/agency and co-lead roles. The PM will lead the execution of amendments, waivers and loan modifications through direct interaction with clients and syndicate banks, as well as CF management, Ally Risk and Ally CF support functions, including credit approval, legal, loan administration and operations. The PM is the primary interface between the client and bank post-closing and as such is responsible for balancing the needs and expectations of the borrower with policies, procedures and risk tolerances of Ally CF.

The Work Itself

• Know the client and the client’s business, and maintain a professional and responsive relationship with appropriate contacts of the client.
• Assist with loan set up and closing, and act as administrative agent for certain lead deals with syndicate bank groups.
• Execute post-close requirements of the credit agreement.
• Minimize risk.
• Execute corporate governance responsibilities.
• Identify New Business Opportunities Underwritings - Prepare underwriting memorandum for loan modifications applicable to portfolio.
• Mentor and train less experienced team members.
• Assist in creating/maintaining a strong credit culture.

The Qualifications We’re Looking For

• Strong knowledge of renewable and conventional power, data centers and related infrastructure, and project finance required.
• 5 - 10 years of progressive portfolio management/underwriting experience with relevant focus in the energy and project finance sector.
• Required BA in Business, Accounting, Finance, Economics or related field or any degree with relevant professional experience required.
• Master’s degree preferred.
• Proven success in relationship management.
• Completion of bank/finance company credit training program preferred.
• Excellent communication (verbal and written), interpersonal and organizational skills.
• Highly analytical, detail oriented with problem solving capability.
• Ability to work independently with demonstrated strong time management skills.
• Well-developed presentation and relationship building skills.
• High level of accountability and the ability to effectively prioritize tasks.
• Technical: Advanced knowledge of MS Office: Excel, Word, PowerPoint Access and financial forecast models.

Minimum Qualifications

• 9+ years of relevant experience or equivalent combination of education and experience
• High school Diploma or GED 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 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 afterreview 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 accommodationrequest.

Base Pay Range

$135,000.00 - $235,000.00

A 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.