Accountant II - Risk Finance

General information

Career area Accounting Work Location(s) 500 Woodward Avenue, MI, 601 S. Tryon Street, NC Remote? No Ref # 20507 Posted Date 08-15-25 Working time Full time

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?
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 is a critical role within the Risk Finance department and supports activities related to Ally’s largest estimate on the balance sheet – the allowance for credit losses.  The Accountant II is an important position on the team, with responsibility over the preparation of monthly accounting responsibilities, including the preparation of journal entries and components of Ally’s financial statements. The Accountant II will also supporting the forecasting process for the allowance and provision, preparing presentations to senior management and the Allowance for Credit Losses (ACL) Committee, and partnering with Finance and Risk business partners to understand changes in the allowance and provision expense that could have upstream and downstream impacts.  This role provides broad exposure to various finance and risk roles company-wide.

The Work Itself

• Assist in the preparation of the quarterly and year-end financial statements (10-Q/10-K).
• Assist with the accounting close process (e.g., prepare journal entries, financial statement account analysis, etc.).
• Assist with ensuring the completeness and accuracy of key metrics related to Net Charge-Offs and Allowance for Credit Losses.
• Manage and improve the processes around the assigned activities.
• Assist with ERP/software transformation initiatives.
• Assist in the preparation process leading up to the quarterly ACL Committee meetings which includes working with risk business partners to obtain data and prepare materials.
• Maintain robust documentation which underlines the ACL Committee governance process and ensure SOX controls are strictly adhered to.
• Evaluate and communicate expected impacts to the allowance associated with new products and acquisitions.
• Utilize SAP, Workday, and OneStream to support internal and external reporting requirements.
• Support qualitative improvements in control operations to reduce / eliminate control deficiencies.
• Assist in analytical accounting support to internal business partners and the resolution of accounting problems through the appropriate channels.

The Skills You Bring

• Bachelor's degree required (Accounting major preferred). CPA (or equivalent) and /or MBA preferred.
• 1+ year of work experience in Accounting or related field with general accounting and/or functional skills for area of expertise.
• Workday ERP experience preferred.
• General accounting and/or functional skills for area of expertise.
• Exhibit a strong work ethic and high degree of self-motivation.
• Proficient computer skills including MS Office applications, including Excel (pivot tables, v-lookups, etc.) and PowerPoint.
• High level of written and oral communication skills, including preparing management presentations.
• High level of interpersonal skills to work effectively in a team environment.
• Exhibit a strong work ethic and high degree of self-motivation.
• Ability to work with limited supervision while applying previous experience to execute moderately complex tasks.
• Experience and comfort with direct communication to business partners.

#LI-hybrid

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.

 

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at hrpolicy@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Base Pay Range: $55000 - $95000 USDAn 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.