Skip to content

General information

Career area
Insurance
Work Location(s)
128 S Tryon Street, Charlotte, NC, 500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC, 900 N. Arlington Heights, Itasca, IL
Remote?
No
Ref #
12931
Posted Date
Monday, June 13, 2022
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?

The Opportunity

  • This position offers an excellent opportunity to support all aspects of Ally Insurance’s growing Dealer Reinsurance program from dealer enrollments to ongoing dealer reporting and account maintenance.

    Ally’s Dealer Reinsurance program provides participating dealers the opportunity to share in the underwriting profit and investment income generated by VSC and GAP contracts that they originate on Ally Insurance’s behalf. Dealers may establish their own reinsurance company or they may purchase stock in one of our available super captive reinsurance companies. Ally Insurance’s Reinsurance Product and Operations team is responsible for the administration associated with the dealer-owned and super captive programs, including dealer enrollments and activations, warehouse reporting, cession statement production, trust account maintenance and draw downs, account reconciliations, payments and settlements, account terminations/commutations, as well as on going monitoring.

     

    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. Additionally, the analyst will work with the dealer-facing Financial Structures Specialists in the field, which provides a unique opportunity to gain exposure to Ally Insurance’s Sales team and our dealer business.

The Work Itself

This role will provide support to many reinsurance operations routines including, but not limited to:

·       Calculating trust account surplus amounts and preparing withdrawal requests on behalf of our dealer customers

·       Working with Accounting on reinsurance account reconciliations, year-end Schedule F reporting, etc.

·       Assisting with the cessions statement production, billing, and payment processing

·       Reviewing and processing Financial Structures payments

·       Supporting process improvement efforts, including creating & ongoing maintenance of desktop procedures

·       Creating and maintaining an archive of critical department documents

·       Ability to lead ad hoc project requests from creation to completion with limited oversight

The Skills You Bring

  • ·       Bachelor’s degree in risk management, finance, economics, mathematics, or related field preferred

    ·       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 Excel and Access, Visio, PowerBI a plus

    ·       Strong data analysis background a plus

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.