Summer 2025 Internship – Auto Finance (Detroit, MI) .
Ally
General information Work Location(s) 500 Woodward Avenue, MI Remote? No Ref # 17670 Posted Date Monday, June 3, 2024 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 Your internship with Ally will move you from Educated to Experienced; connecting you with diverse teams and functions across the country. You will have the opportunity to interact with Ally's leadership and learn from their personal successes. The Ally internship program seeks to guide and mentor students with development opportunities designed to provide a bridge between the academic world and the world of business. #LI-DNP
Areas of OpportunityAuto Analytics - this team leverages traditional analytics techniques and problem solving to generate business-relevant insights using data from databases, internal reports, market/business trends, and/or financial statements. They will act as a primary source of insights for operational teams.Business Line Risk - this team establishes the risk management program for Auto Finance. The team works with business partners to optimize operations and Auto Finance risk/return profile.Business Systems Management - this team is responsible for supporting the development of all internal Ally Auto employees. The CD team is accountable for developing and delivering job-specific training from new hire to end of career. A candidate will want to work for us if they have a passion for developing talent.Commercial Credit Risk - this team is responsible for credit loss reserving, forecasting and stress testing of Ally’s ~$25B Commercial Automotive loan portfolio. The team handles all Commercial Auto credit loss reserving and forecasting activities as well as variance analysis vs. actual performance.Commercial Services - this group helps maximize dealer opportunities for capturing commercial customers by offering a full suite of financing solutions to fit individual and unique business needs. They are comprised of Credit Underwriting teams, Credit Line portfolio management and Sales professionals. CSG Account Executives serve as product specialists in the field, responsible for maintaining Dealer relationships and cultivating business as the primary contact. Customer Solutions/Consumer Loss Prevention/Recoveries - Customer solutions is essentially auto loan collections. Meaning we work to collect on delinquent loan accounts. We also have the consumer loss prevention side which is where we work to help customers who are experiencing long term financial hardship modify their monthly payment to avoid repossessions of their vehicle, and to help Ally avoid losses. DL Forward Flow - this group offers direct to consumer auto loans for refinance and end of term lease purchases. We are a dynamic and innovative team, continually striving to improve our customer experience and operational processes. Product & Strategy - this team is responsible for supporting product, underwriting, and contract processing teams as they make data driven decisions. The team is responsible for data identification, data extraction, data processing, analysis, and the packaging of results for distribution. Remarketing - this team works with the customers, auto dealerships, vendors and financial intuitions to prepare and manage the inventory of Ally's U.S. pre-owned retail and lease-return vehicles.Sales Alliance - this team supports field sales organization by developing and maintaining sales data and related business intelligence. The team provides support to achieve financial targets and key results. Also, they identify and research emerging industry trends and assess the impacts to the Ally organization.SmartAuction - is an industry-leading internet auction that offer access to virtual inventory of wholesale vehicles for eligible dealers of all brands. You can make or receive offers from your computer or mobile device on select vehicles for sale an deceive access to auction inventory and vehicle sales data nationwide.
The DetailsProgram Start Date: May 20, 2025Program End Date: August 1, 2025In-Person Internship with flexibility40 hours a weekMarket competitive compensation The Work Itself Hands-on experience in area of study; as well as participate in project-based workLeadership and career development experiences Networking opportunitiesLead an end-of-assignment presentationAttend formal company orientation and trainingParticipate in executive speaking seriesParticipate in an Employee Resource Group mentoring program The Skills You Bring Well-rounded in academics, volunteering, and fun!Eager to challenge the status quoA rising Junior or Senior (during the time of internship) in a full-time undergraduate programA passion for the financial services and technology industry is strongly preferredCandidates should reside in a commutable distance from the Ally location to which they are assignedEligible to work in the US for any employer without sponsorship from the company now or in the future How We'll Have Your Back
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 Your internship with Ally will move you from Educated to Experienced; connecting you with diverse teams and functions across the country. You will have the opportunity to interact with Ally's leadership and learn from their personal successes. The Ally internship program seeks to guide and mentor students with development opportunities designed to provide a bridge between the academic world and the world of business. #LI-DNP
Areas of OpportunityAuto Analytics - this team leverages traditional analytics techniques and problem solving to generate business-relevant insights using data from databases, internal reports, market/business trends, and/or financial statements. They will act as a primary source of insights for operational teams.Business Line Risk - this team establishes the risk management program for Auto Finance. The team works with business partners to optimize operations and Auto Finance risk/return profile.Business Systems Management - this team is responsible for supporting the development of all internal Ally Auto employees. The CD team is accountable for developing and delivering job-specific training from new hire to end of career. A candidate will want to work for us if they have a passion for developing talent.Commercial Credit Risk - this team is responsible for credit loss reserving, forecasting and stress testing of Ally’s ~$25B Commercial Automotive loan portfolio. The team handles all Commercial Auto credit loss reserving and forecasting activities as well as variance analysis vs. actual performance.Commercial Services - this group helps maximize dealer opportunities for capturing commercial customers by offering a full suite of financing solutions to fit individual and unique business needs. They are comprised of Credit Underwriting teams, Credit Line portfolio management and Sales professionals. CSG Account Executives serve as product specialists in the field, responsible for maintaining Dealer relationships and cultivating business as the primary contact. Customer Solutions/Consumer Loss Prevention/Recoveries - Customer solutions is essentially auto loan collections. Meaning we work to collect on delinquent loan accounts. We also have the consumer loss prevention side which is where we work to help customers who are experiencing long term financial hardship modify their monthly payment to avoid repossessions of their vehicle, and to help Ally avoid losses. DL Forward Flow - this group offers direct to consumer auto loans for refinance and end of term lease purchases. We are a dynamic and innovative team, continually striving to improve our customer experience and operational processes. Product & Strategy - this team is responsible for supporting product, underwriting, and contract processing teams as they make data driven decisions. The team is responsible for data identification, data extraction, data processing, analysis, and the packaging of results for distribution. Remarketing - this team works with the customers, auto dealerships, vendors and financial intuitions to prepare and manage the inventory of Ally's U.S. pre-owned retail and lease-return vehicles.Sales Alliance - this team supports field sales organization by developing and maintaining sales data and related business intelligence. The team provides support to achieve financial targets and key results. Also, they identify and research emerging industry trends and assess the impacts to the Ally organization.SmartAuction - is an industry-leading internet auction that offer access to virtual inventory of wholesale vehicles for eligible dealers of all brands. You can make or receive offers from your computer or mobile device on select vehicles for sale an deceive access to auction inventory and vehicle sales data nationwide.
The DetailsProgram Start Date: May 20, 2025Program End Date: August 1, 2025In-Person Internship with flexibility40 hours a weekMarket competitive compensation The Work Itself Hands-on experience in area of study; as well as participate in project-based workLeadership and career development experiences Networking opportunitiesLead an end-of-assignment presentationAttend formal company orientation and trainingParticipate in executive speaking seriesParticipate in an Employee Resource Group mentoring program The Skills You Bring Well-rounded in academics, volunteering, and fun!Eager to challenge the status quoA rising Junior or Senior (during the time of internship) in a full-time undergraduate programA passion for the financial services and technology industry is strongly preferredCandidates should reside in a commutable distance from the Ally location to which they are assignedEligible to work in the US for any employer without sponsorship from the company now or in the future 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: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date) 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.pdfWho 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 work@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.
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