Senior Accountant - Community Reinvestment Act (CRA) at Ally Financial

| Detroit, MI
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General information

Career area



United States

Work Location(s)

500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC


North Carolina





Ref #


Posted Date

Monday, February 28, 2022

Working time


Ally and Your Career

Ally Financial only succeeds when its people do - and that's more than some cliche 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?

The Opportunity

The Senior Accountant position is within the Controller's Group reporting to a Manager on the Mortgage and Community Reinvestment Act (CRA) Accounting Team. The candidate would be directly responsible for many of the accounting and reporting activities supporting the CRA line of business. This person would work very closely with the CRA line of business, Accounting Policy, Corporate Financial Planning & Analysis (FP&A), SEC reporting, and other functional areas within the Controller's and CFO group.

The Work Itself

  • Analyze and evaluate accounting implications of potential new loan and investment deals
  • Operationalize the set up of new deals and build processes to sustain through the lifecycle of each deal
  • Liaise with business line and Accounting Policy to address complex accounting questions
  • Partner with FP&A to develop accurate forecasts for the CRA portfolios
  • Run models to support complex accounting such as fair value measurement and impairment assessment for CRA portfolios
  • Perform certain month-end journal entries and account reconciliations
  • Prepare various quarterly and annual reporting deliverables to support SEC, regulatory, and risk reporting
  • Manage coordination with internal and external auditors
  • Collaborate with business partners to ensure objectives are met and high quality of customer service is maintained
  • Identify and implement process improvement
  • Engage with the accounting policy team, including independent research of new accounting pronouncements, propose on application of relevant findings, and drive implementation of changes

The Skills You Bring

  • BS/BBA degree in Accounting/Finance
  • CPA preferred
  • 3-5 years' experience in accounting or finance related field
  • Should possess general technical accounting skills
  • Prior experience in financial services is a plus
  • Energetic, motivated and takes initiative
  • Ability to organize data, perform independent analysis and provide explanations to management
  • Detail-oriented
  • Ability to communicate across levels of business (both vertically and horizontally)
  • Flexible and can work independently as well as in a team environment
  • Excellent data management skills

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. But Ally's total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:

  • Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
  • 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 and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
  • Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions 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 support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
  • Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

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

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.

Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at [email protected] Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
More Information on Ally Financial
Ally Financial operates in the Automotive industry. The company is located in Detroit, MI, New York City, NY and Charlotte, NC. Ally Financial was founded in 1919. It has 11000 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 311 open jobs at Ally Financial, click here.
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