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):

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

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):