**General information** **Ref #** 18553 **Remote?** No **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? **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. But Ally’s total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including: * Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting. * 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 and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs. * Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions 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 support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts. * Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs. 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. Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally. 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:_** An individual's position in the range is determined by 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. **Emerging:** 65000 **Experienced:** 90000 **Expert:** 115000 Incentive Compensation: This position is eligible to participate in our annual incentive plan