Michael Farrand
About Michael Farrand
Michael Farrand is the Executive Director of Dealer Lending at Ally Financial Inc., overseeing a significant portfolio in the automotive finance industry.
Title and Role at Ally Financial Inc.
Michael Farrand has held the position of Executive Director of Dealer Lending at Ally Financial Inc. since 2012. In this role, he oversees a portfolio valued between $4.0 to $4.5 billion in the automotive finance industry. He manages a team of eight portfolio managers directly and holds $35 million in approval authority.
Previous Positions at Ally Financial Inc.
Michael Farrand has a long tenure with Ally Financial Inc., having served in various roles. From 2011 to 2012, he was a Risk Manager in the Greater Pittsburgh Area. Prior to that, he was a Business Development Manager from 2009 to 2011. He also held the position of Underwriting - Section Manager from 2008 to 2009 in the Greater Pittsburgh Area, and General Assistant from 2006 to 2008 in the Greater Los Angeles Area. Earlier roles include serving as a Sales Manager from 2005 to 2006 in the Greater Pittsburgh Area.
Education and Qualifications
Michael Farrand has an impressive educational background. He holds an M.S. in Business Economics from Bentley College, which he completed in 1993. Additionally, he earned a BBA in Marketing from the University of Massachusetts, Amherst, achieving this degree in 1989.
Corporate Responsibilities and Capabilities
In his current role, Michael Farrand is responsible for growing the business center's receivable base. He has demonstrated the ability to handle assignments in different parts of the country with varying markets and customers, showcasing his versatility and adaptability within the automotive finance sector.