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Ally Financial Careers

General information

Career area
Insurance
Work Location(s)
500 Woodward Avenue, MI
Remote?
No
Ref #
19609
Posted Date
04-16-25
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

The Senior Analyst will be responsible for developing analyses, presentations, and synthesizing data from various sources in support of reinsurance placement & administration, working closely with Business, Finance, and Capital/Catastrophe Modeling matrix partners. This is a high visibility role in the insurance organization supporting key growth initiatives for Ally. There will be interaction with internal and external parties in addition to solo and team projects.

This position offers an excellent opportunity to learn about the various core dealership and diversified growth programs and delivering solutions for large loss risk management. The team is responsible for placement of property & casualty treaties for the core Dealer Open Lot and Garage programs, as well as review of other strategic growth partnerships. Placement involves working with the business and external brokers to develop programs to balance cost and risk appetite.

This role would also assist administration of the programs including cession statement production, payments and settlements, and true-ups. In addition, risk management tasks occur throughout the year such as catastrophe risk monitoring, financial projections, and weather event reporting. Depending on skills, there is opportunity to using programming and other business intelligence and modeling tools. Training and development into these areas are expected over time. There are further opportunities to rotate into the capital modeling or catastrophe modeling teams in the larger organization.

The Work Itself

  • Review and provide feedback in reinsurance framework and policy reviews
  • Evaluate reinsurance programs and reinsurers against risk and policy standards
  • Excecute analysis quantifying risk protection and cost of various reinsurance options
  • Lead analytics-based projects and or processes in support of optimizing reinsurance structures
  • Create reinsurance renewals for core ADI programs (Dealer Open Lot and Garage)
  • Provide operational support for reinsurance programs (cession statements, invoicing, collateral, external reporting)
  • Conduct regulatory reporting and stress testing (AM Best SRQ, BMA BSCR, OSFI BAAT Ratio, US & CAN ORSA)
  • Assemble reinsurance program performance and tracking
  • Test and revise standards for weather event monitoring and summarize insights around risk for leadership

The Skills You Bring

  • 3+ years of experience in insurance or or other financial services industry required
  • Bachelor's degree required with a preferred concentration in risk management, finance, economics, mathematics, or related field
  • Strong written and verbal communication skills, including presentations
  • Effective time management and organizational skills
  • Ability to prioritize workload and balance multiple initiatives and efforts
  • Ability to respond quickly to a changing environment
  • Experienced in Python, R, or similar coding language
  • Ability to summarize analyses into key trends and insights
#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: 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: $85000 - $150000 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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