Sr. Consumer Underwriter - NJ

About the Role

For over 100 years we’ve helped dealers serve their customers by providing the best-in-class products and services they need – and by remaining true to the automotive passion we share. As a Consumer Underwriter – Auto Finance, you will evaluate, negotiate, and decision consumer offerings within Ally’s underwriting policies to further grow application and contract volume. You will build and maintain a portfolio of dealers and provide best-in-class relationship management for your assigned territories as a crucial part of the Ally Auto framework.

This role is remote but requires residency in the state of New Jersey (NJ). The position may be filled at either the 3F (Sr. Underwriter) or 3G (Underwriter) level, depending on experience.

Responsibilities

• Increase dealer portfolio revenue by practicing sound underwriting judgment and upholding Ally’s risk management principles.
• Leverage high-touch and high-tech capabilities to negotiate contracts.
• Demonstrate market awareness, strong listening, and adaptability as you build and cultivate strong relationships with dealers.
• Requires flexibility in work schedule; evening hours, limited travel, and weekends may be required.

Requirements

3G – Underwriter

• High school diploma or GED is required; bachelor’s degree is preferred.
• 1+ years in auto finance consumer underwriting (prime, sub-prime, and/or non-prime) or financial services is required.
• Ability to perform technical-based activities.
• Knowledge of and exposure to fundamental theories, principles, and concepts.
• Demonstrating technical expertise and relationships to supply strategy and drive business results.
• Familiarity with the Auto Finance industry, consumer credit, trend analysis/analytics.
• Excellent sales, negotiation, problem-solving, and analytical skills.
• Must be an independent worker with strong time leadership skills.

3F – Sr. Underwriter

• High school diploma or GED is required; bachelor’s degree strongly preferred.
• 3+ years in auto finance underwriting (prime, sub-prime, and/or non-prime) is required; 5+ years preferred.
• 2+ years of leadership experience preferred.
• Ability to provide advice/direction in primary areas of expertise leveraging technical expertise and relationships to contribute to strategy and drive business results.
• Contribute to and manage projects.
• Excellent sales, negotiation, problem-solving, analytical, and project management skills.
• Exemplary dealer relationship management skills.
• Advanced knowledge of Microsoft Office Programs.

Pay

3G – Underwriter: Base pay range is $55,000 - $75,000 - $95,000.

3F – Sr. Underwriter: Base pay range is $70,000 - $85,000 - $100,000.

Ally’s compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. This position is eligible to participate in our annual incentive plan.

Benefits

• Time Away: Starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (prorated based on start date).
• Planning for the Future: Industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs, 529 educational savings assistance, tuition reimbursement, employee stock purchase plan, and financial learning center with financial coach access.
• Supporting 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, and hospital indemnity insurance; and a total well-being program.
• Building a Family: Adoption, surrogacy, and fertility assistance; paid parental and caregiver leave; Dependent Day Care FSA; back-up child and adult/elder care days; and childcare discounts.
• Work-Life Integration: Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program, and other employee discount programs.
• Other compensations may include travel allowances, relocation assistance, a signing bonus, and/or equity, depending on the role.