Ally Financials (Former Gmac Financial Services) Work Values

Daily Duties at Ally Financials (Former Gmac Financial Services):

Liquidity and Risk • Promote to position to develop a new cash forecasting process for 90-day short term and 3-year long term forecasts covering more than 20 international entities including China • Partner with controllers and AP/AR to improve cash forecast accuracy by understanding variances between receipts and disbursements versus forecasts • Manage a $2B inter-company loans portfolio, withdrawals and repayments on the loans, cash repatriation, interest and derivative payments • Implement $1B+ foreign currency hedging strategy, reduced earnings volatility by 80% • Implement $1B+ interest rate risk management strategy resulting in lower interest costs • Coordinate negotiation and execution of ISDA and other derivative trading documents; perform mark-to-market valuation monthly according to SFAS133 Funding and Capital Markets • Manage $5B+ in outstanding secured and unsecured debts, monitor maturities, renew banklines, and ensure appropriate accounting treatment • Prepare presentations and participate in calls with rating agencies and banks to improve credit rating, strengthen bank relationships and obtain additional funding • Participate in bond issuance such as 1B Euro bond in Europe and 1.5B RMB bond in China • Assist in implementation of commercial paper issuance programs in Mexico and Ecuador • Lead reviews of international funding plans to minimize liquidity risks, interest expense, and develop contingency funding plans

What they like about Ally Financials (Former Gmac Financial Services):

The social vibrance of a hiring firm is very important to you. Your ability to make and maintain friendships there is a critical part of your decision. You would likely be dissatisfied with a workplace that is quiet, cold, or otherwise not particularly social. When you investigate a new hiring company, ask recruiters, managers, and potential co-workers about the social life and opportunities there. This is especially important when you are relocating; moving dramatically alters your social sphere both inside and outside the workplace.

Tags

Capital Markets, Risk Management, Cash Forecasting, Derivatives Trading, Business Valuation , M&A , Mergers and Acquisitions, Corporate Finance, Investor Relations, Treasury Operations, Financial Planning/Reporting, Liquidity Risk Analysis and Management, Funding Plan, Banking Relations, Transaction Experience

Skills

Structured Finance, Capital Markets, Risk Management, Derivatives Trading. Cash Forecasting, Banking Relation, Investor Relation, Treasury Operations, Deal Negotiations and Funding Management , Transaction experience, corporate finance transactions, Business Valuations, Mergers and Acquisitions, Joint Venture , Managing large scale projecct and cross-functional teams, mentoring, people development, training, coaching, leadership development, motivational skills, Fluent in reading, writing and speaking Chinese (Mandarin)

These are some of the questions we asked our climbers about their experiences with Ally Financials (Former Gmac Financial Services):