What are the responsibilities and job description for the Senior Analyst - Supply Chain Contracts position at Ally?
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 live 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
The Senior Analyst - Supply Chain Contracts is part of Ally Supply Chain (ASC) reports directly to the Manager - ASC Contracting. The Senior Analyst is responsible for contract drafting, negotiation, and execution of Ally’s ASC Contracting. The Senior Analyst will work closely with the Ally Sourcing teams, business customers, and stakeholders to document and negotiate all aspects of a procurement deal to ensure the best outcome for Ally and mitigate company risk effectively and efficiently.
The Senior Analyst meticulously reviews and negotiates contract terms and conditions, ensuring favorable outcomes and compliance with legal requirements and policies. Additionally, the Senior Analyst advises internal business customers on innovative approaches to fulfill contractual obligations, staying updated on changes in rules, regulations and industry standards that could impact the provision of services.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
The Work Itself
The Skills You Bring
Ally'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:
Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.
Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to 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.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at hrpolicy@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Base Pay Range: $70000 - $120000 USD
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.
Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We live 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
The Senior Analyst - Supply Chain Contracts is part of Ally Supply Chain (ASC) reports directly to the Manager - ASC Contracting. The Senior Analyst is responsible for contract drafting, negotiation, and execution of Ally’s ASC Contracting. The Senior Analyst will work closely with the Ally Sourcing teams, business customers, and stakeholders to document and negotiate all aspects of a procurement deal to ensure the best outcome for Ally and mitigate company risk effectively and efficiently.
The Senior Analyst meticulously reviews and negotiates contract terms and conditions, ensuring favorable outcomes and compliance with legal requirements and policies. Additionally, the Senior Analyst advises internal business customers on innovative approaches to fulfill contractual obligations, staying updated on changes in rules, regulations and industry standards that could impact the provision of services.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
The Work Itself
- Draft and negotiate favorable terms and contracts to secure the best value and reliability for the company.
- Work closely with legal and other risk departments to ensure compliance with applicable laws and regulations as well as company policies and established precedents; ensure contract provisions can be delivered while maximizing the value to Ally.
- Maintain deep understanding of Ally contracts terms and conditions and key deliverables contained in the contract.
- Identify and mitigate potential risks related to services contracting.
- Ensure compliance with industry regulations, ethical sourcing practices, and corporate policies during the procurement process.
- Communicate effectively with stakeholders within a cross-functional organization to explain contract terms and answer questions about specific contract provisions.
- Support initiatives to improve processes and templates for ASC Contracting.
- Develops a strong working relationship with various customers, suppliers, and internal departments, and obtains a thorough functional knowledge of the organization, performance measures, and information flows to help optimize contracting solutions.
- Be agile and nimble, to effectively cope with and drive change; comfortably assesses risk and problem solve.
The Skills You Bring
- J.D. or paralegal certificate highly preferred.
- Bachelor’s degree in business or supply chain related field and a minimum of 3 years’ experience in contract negotiations.
- Comfort with risk profiles of a broad range of commodities, including services, marketing, credit bureaus, and technology.
- Knowledge of supply base and sourcing business practices specific to financial services preferred.
- Ability to articulate legal risk to business customers and team Analysts.
- Knowledge and understanding of outsourced vendor agreements, including technology and software agreements.
- Strong collaboration and partnering skills.
- Ability to prioritize projects and coordinate multiple tasks within time constraints.
- High degree of initiative and strong ability to meet key responsibilities with limited direction and oversight.
- Experience with process and project management.
- Strong written and verbal communication.
- Fluency in PowerPoint and experience creating executive level presentations.
Ally'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
Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.
Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to 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.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at hrpolicy@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Base Pay Range: $70000 - $120000 USD
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.
Salary : $70,000 - $120,000
