General information Career area Insurance Work Location(s) 500 Woodward Avenue, MI Remote? No Ref # 18553 Posted Date Tuesday, October 22, 2024 Working time Full time 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

Hybrid role located in Detroit! 

This position offers an excellent opportunity to learn about the various core dealership and diversified growth programs by supporting aspects of Ally Insurance's growing Business Line Risk Reinsurance Operations program. The team is responsible for the administration associated with the cession statement production, payments and settlements, trust account maintenance and draw downs, account reconciliations, as well as on-going monitoring. Depending on skills, the role may include catastrophe risk monitoring, data analysis, and weather event reporting. This position will allow the Reinsurance Operations Analyst to get broad exposure to all of the various routines involved with the program, providing valuable support to each of the processes.

The Work Itself Support reinsurance programs and reinsurers against risk and policy standards Support analysis quantifying risk protection and cost of various reinsurance options Support reinsurance renewals for core ADI programs (Dealer Open Lot and Garage) Regularly update operational files for reinsurance programs (cession statements, invoicing, collateral, external reporting) Support regulatory reporting and stress testing (AM Best SRQ, BMA BSCR, OSFI BAAT Ratio, US & CAN ORSA) Support reinsurance program performance and tracking Monitor weather events and distribute communication to business and leadership as necessary Update monthly exposure monitoring The Skills You Bring Bachelor's degree in risk management, finance, economics, mathematics, or related field preferred 1-2+ years of experience in insurance or or other financial services industry required Basic understanding of reinsurance concepts Strong communication (verbal and written) and interpersonal skills High level of accountability and the ability to effectively prioritize tasks Ability to take initiative and work as needed to ensure deadlines are met Effective at working independently and also collaboratively as part of a team Detail oriented with a high level of problem solving capability Intermediate user of MS Office Suite Familiarity with Python, R, or similar coding language #LI-Hybrid#DFS  How We'll Have Your Back

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: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date) 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 

Who We Are:

 

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 work@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: $65000 - $115000 USDAn 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.