Director (VP) Portfolio Mgmt- Sponsor Finance at Ally in New York, NY

Job description

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 love 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 This 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 recommenda