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Ally Financial Careers

General information

Career area
Compliance
Work Location(s)
500 Woodward Avenue, MI
Remote?
Yes
Ref #
20016
Posted Date
06-06-25
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

Join our dynamic Ally Dealership Insurance team as a Manager in this newly created role, where you can make a significant impact. In this position, you will conduct competitive analysis, customize insurance policies and products to meet market demands, and ensure our Dealership Insurance Offerings are consistently updated with all necessary forms and filings.

Additionally, you will be instrumental in advancing our Governance Strategy and Insurance Strategic Initiatives. Your responsibilities will include enhancing and maintaining business governance, documenting processes to prevent operational losses and regulatory scrutiny, and supporting Insurance leadership with strategic initiatives and recruitment efforts.

This is an exciting opportunity to thrive in a fast-paced work environment, where your contributions will be essential to the growth and success of our dealership insurance offerings.

Ideally, we'd prefer a Detroit-based candidate, but we are open to fully remote with travel up to 10% for the right candidate. 

The Work Itself

  • Conduct in-depth market research to identify trends, opportunities, emerging threats, and competitor offerings in the dealership insurance sector.
  • Serve as the primary resource for researching and understanding coverage nuances across product offerings.
  • Lead the creation, revision, and regular review of Dealership Insurance products in collaboration with Underwriting, Claims, Legal, Actuarial, and State Filing teams to support new business initiatives and ensure compliance with regulatory requirements and market needs.
  • Manage and formalize insurance product filings, ensuring meticulous completion of state checklists and certifications.
  • Deliver prompt, articulate responses to state insurance department objections, maintaining strong regulatory relationships.
  • Monitor and analyze regulatory changes to assess the need for revisions to proprietary products, ensuring compliance and competitiveness.
  • Develop and distribute internal guidance on products and regulatory requirements to Underwriting staff.
  • Draft and oversee the use of manuscript endorsements as requested by Underwriting staff.
  • Act as the department's expert on compliance topics and address queries from independent risk management, internal audit, and regulators.
  • Lead training sessions on program changes for internal stakeholders, including the sales team, to ensure seamless implementation and understanding.
  • Lead efforts to advance the Governance Strategy by establishing robust frameworks that enhance business governance and operational efficiency.
  • Document and refine internal processes across the Commercial Insurance Business to mitigate operational risks and prevent regulatory scrutiny, ensuring compliance with industry regulations.
  • Work closely with Insurance leadership to support strategic initiatives that drive business growth and operational excellence.
  • Assist in the development and execution of recruitment strategies to attract and retain top talent, fostering a culture of innovation and collaboration.
  • Be the go-to resource supporting the resolution of challenges as they arise.

The Skills You Bring

  • Bachelor’s Degree required; JD or other related Legal degree preferred
  • Minimum of 8 years of relevant experience with a commercial insurance carrier required, preferably in the franchised dealership market, focusing on product and policy development and managing form filings.
  • Chartered Property Casualty Underwriter (CPCU) designation is highly desirable.
  • Regulatory Knowledge: Solid understanding of industry regulations and compliance requirements for commercial property and casualty insurance products.
  • Project Management: Capable of managing multiple projects at once, ensuring they are completed on time and meet strategic goals.
  • Analytical Skills: Skilled in conducting competitive analysis and interpreting complex data to support informed decision-making.
  • Communication Skills: Excellent ability to communicate effectively with stakeholders, clients, and team members.
  • Process Improvement: Outside the box thinking to refine/enhance existing processes and practices.
  • Problem-Solving: Able to work effectively with unclear or ambiguous information, conduct further research, and make decisions or recommend changes.

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: 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
 

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 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: $110000 - $180000 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.
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