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 OpportunityThis role is based out of our NYC or Chicago office. In office 4 days a week with 1 remote day weekly.
The Director, Portfolio Management is primarily responsible for managing an assigned portfolio of sponsor-backed middle-market leveraged loans and also plays a significant role in underwriting, structuring, executing, and syndicating new transactions. The Director maintains comprehensive oversight of assigned credits, including financial performance and trend analysis, covenant compliance, reporting requirements, risk ratings, and emerging risks.
The role interfaces with Ally CF executive management, Ally Risk, referral sources, sponsor groups, bank syndicate members, management teams, and Ally CF support functions, including legal, loan administration, and operations. The Director provides day-to-day guidance, reviews work product, and supports the training, development, and mentoring of Analyst and Associate team members.
The ideal candidate possesses strong credit skills, sound commercial judgment, and the ability to maintain detailed oversight of loan portfolio activity.
The Work Itself- Maintain comprehensive oversight of an assigned portfolio of commercial loans and proactively identify emerging risks.
- Complete credit reviews, risk-rating assessments, and ongoing portfolio monitoring, and present portfolio updates and risk assessments to senior management and credit committees.
- Manage portfolio administration, including financial-performance monitoring, covenant compliance, exception reporting, facility renewals and amendments, and coordination and management of the bank group.
- Monitor sponsor activity, industry dynamics, and macroeconomic developments impacting portfolio companies. Identify emerging risks and develop mitigation strategies.
- Review and negotiate credit documentation in consultation with legal counsel.
- Develop and maintain relationships with private equity sponsors, management teams, investment bankers, and lending partners to support portfolio oversight and identify future business opportunities.
- Review and analyze borrower operating performance, liquidity, leverage trends, covenant compliance, and cash flow generation.
- Evaluate amendment, waiver, acquisition, add-on investment, and refinancing requests.
- Lead portfolio management activities for criticized and challenged credits, including development of risk-mitigation strategies, amendment and restructuring negotiations, liquidity monitoring, and coordination with internal workout and risk teams.
- Participate in underwriting new transactions, including business due diligence, financial analysis, leverage and cash-flow assessment, enterprise valuation, sponsor evaluation, and transaction structuring. Evaluate transaction risks and recommend appropriate covenant, collateral, pricing, and structural protections. Prepare and present underwriting recommendations to credit committees and senior management. Support syndication and lender presentation activities. Assist with training and / or mentoring of Analyst / Associate team members.
The Qualifications We're Looking For- 7+ years of relevant leveraged finance, underwriting, or portfolio management experience.
- Demonstrated experience managing middle-market leveraged loan portfolios.
- Experience managing borrower amendments, waivers, restructurings, and refinancing activities.
- Experience in banking, commercial lending, private credit, underwriting, financial analysis, credit analysis, auditing, or collateral management.
- Experience with borrower and sponsor relationship management.
- Completion of a formal credit training program preferred.
- Advanced understanding of leveraged lending structures, cash flow underwriting, enterprise valuation methodologies, debt capacity analysis, covenant structures, sponsor equity dynamics, and leveraged buyout transaction modeling.
- Demonstrated experience underwriting and/or managing private equity sponsor-backed middle-market companies.
- Experience presenting credit recommendations, portfolio reviews, and risk assessments to senior management and credit approval committees.
- Excellent communication (verbal and written), interpersonal and organizational skills.
- Highly analytical and detail-oriented, with strong problem-solving capabilities.
- Ability to work independently with demonstrated strong time management skills.
- Well-developed presentation and relationship-building skills.
- High level of accountability and the ability to effectively prioritize tasks.
- Technical: Advanced proficiency in Microsoft Excel, Word, and PowerPoint, including financial forecasting and modeling.
Minimum Qualifications- 9+ years of relevant experience or equivalent combination of education and experience
- High school Diploma or GED equivalent
How We'll Have Your BackAlly'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
Base Pay Range$135,000.00 - $235,000.00
An 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.
