Job Information

Ally Credit Associate - Recent college grads preferred in Chicago, Illinois

As a part of the Dealer Credit team, the Credit Associate is responsible for providing support to the Operations Manager in Credit Administration

Job Responsibilities

  • Process Dealer Wholesale transactions that suspend

  • Maintain Open Items: Research and process wholesale open items in general ledgers

  • Process dealer wholesale charges and curtailments when payment received

  • Process renewals/adjustments for Dealer Demonstrators and Shop Rentals

  • Research and process entries to clear exception reporting for the following items:

  • Duplicate inventory entries: wholesale to wholesale dealers, wholesale to retail, wholesale to IBL.

  • Wholesale payment suspense exception report

  • Process new dealer floor plan receivables; manual process to book dealer inventory


  • HS diploma or equivalent required.

  • 2 + years' experience in financial services or similar industry. Associate's degree or Bachelor's degree in business or related may be used as a proxy for the experience.

  • Performs clerical, administrative and technically based activities and/or supporting tasks

  • Typically requires intermediate knowledge of Microsoft Office programs

  • Intermediate written and oral communication skills

  • Understanding of Automotive / RV dealership wholesale / retail / loan administration a plus

Note: We are moving the office to Downers Grove, IL in Aug 2020

Ally Overview

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.

Business Unit/Enterprise Function Description

Ally Auto's U.S. auto finance operations provide a wide array of financial products and services to automotive dealerships and retail automotive customers in the United States. Together with Dealer Products and Services, the U.S. auto finance team has built strong dealer relationships by offering high-quality wholesale financing services, attractive volume incentives and a full array of highly competitive products like extended service contracts, dealership insurance products and more.

Total Rewards Information

Ally's compensation program offers market-competitive base pay and bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid time-off program with an emphasis on work-life balance.

Ally offers a variety of benefits to protect your health and well-being, provide financial security and balance your work-life needs including:

  • Industry-leading 401K Retirement Savings Plan including Matching and Company Contributions

  • Comprehensive wellness program with financial incentives designed to help you achieve your best health

  • Flexible health insurance options including dental and vision

  • Pre-tax Health Savings Account with generous employer contributions

  • Pre-tax dependent care and commuter benefits

  • Other work-life integration benefits including Paid Parental & Caregiver Leave, Adoption Assistance, Back-up Child & Adult/Elder Care, Child Care Discounts, Tuition Reimbursement, LifeMatters Employee Assistance Program, Weight Watchers and other employee discount programs

Ally is an Equal Opportunity Employer

We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.

Job Title: Credit Associate - Recent college grads preferred

Company: Ally Financial Inc.

Category: Administration

BU Function: Auto

Experience Level: Entry Level

Requisition ID: 20-5075