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Pricing Analyst
Ally
Charlotte, NC, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
18-5835
Job Description
Position Description
The Mortgage Pricing Analyst III will perform tasks across multiple work streams within the Pricing organization. Reporting directly to the Pricing Strategy Manager, the Pricing Analyst III will help drive the analytics, market data integration, and reporting on our control points and price test results. They will ensure that the strategy developed by the Pricing Strategy Manager is implemented quickly, efficiently, and we're able to measure and monitor the results of every change. This role includes, but is not limited to working with the Director of Pricing and Market Intelligence and the Product and Strategy Director to ensure we're working cohesively on all deliverables. This associate will also work with our Lock Desk and Pricing Execution Manager to better understand how our Lock Desk works, how pricing actions are performed daily, and when needed, step up to review pricing requests and exceptions from Sales. In addition, this Pricing Analyst III will become a key contact point with some of our key vendors as we further develop our pricing, reporting, and analytics capabilities -- all of which are critical to the success of the team.
Job Responsibilities
• Oversees the daily pricing controls, including the build out of additional control reporting and analytics behind what and who are moving and why.
• Work with the Pricing Strategy Manager to develop a deep understanding of cash flow models, price elasticity, and the Bloomberg terminal.
• Influence analytical and data-driven functions with extensive deep dives into Ally's current strategies and recommend strategic direction
• Understand all components of revenue and volume and their drivers
• Partner with Mortgage LOB Senior leaders to help drive each respective business forward though combining quantitative and qualitative approaches
• Partner with external vendors to build, modify, and test new optimization models and business intelligence software which will be utilized in our pricing optimization strategy
• Become a key partner in the building of business cases and the financial impact, from a pricing perspective, on the business
• Work closely with Risk, Compliance, Legal and Capital Markets to identify 'buy box' enhancements that are in line with industry changes, while continuing to ensure high quality mortgage loans
• Development and deployment of control reporting that will be used within the Pricing team as well as updates for senior leaders
• Monitor fulfillment of Ally Bank regulatory commitments and support regulatory initiatives.
Qualifications
• Bachelor's degree required. Bachelor's degree in Mathematics, Statistics, Finance or Economics preferred
• Masters/MBA desired
• 2-3 years of financial services experience, preferably in Mortgage
• 3+ years of experience with quantitative tools:
◦ SAS and/or SQL
◦ Other database and business intelligence tools, Tableau etc.
• Mortgage pricing experience desired
• Acute understanding of mortgage industry, including broad market, products, and profitability
• Proficient with Excel and Microsoft suite
• Strong analytical and problem-solving skills
• Proficient written and verbal communication skills
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function
Ally Bank is a direct bank in the U.S. that offers a straightforward approach to banking with no minimum deposit required to open an account, no monthly maintenance fees and 24/7 live customer care. A subsidiary of Ally Financial Inc. and member FDIC, the bank offers online savings, interest checking, money market accounts, certificates, and IRA Plans and products. Ally Bank has been named "Best Online Bank" for five of the past seven years by MONEY® Magazine.
Total Rewards Information
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:
• Industry-leading 401K retirement savings plan with matching and company contributions
• Wellness program encouraging healthy living with financial rewards
• Flexible health insurance options including dental and vision
• Pre-tax Health Savings Account with generous employer contributions
• Pre-tax commuter benefits
• Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs
Ally is an Equal Opportunity Employer
We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.