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Ally Financial Careers

General information

Career area
Insurance
Work Location(s)
1450 American Lane, IL, 500 Woodward Avenue, MI
Remote?
No
Ref #
18752
Posted Date
Wednesday, October 30, 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

Location: hybrid in-office role in Detroit, MI or Schaumburg, IL

Top 3 things we're looking for: 2+ years P&C underwriting experience, supervisor / management experience, technically savvy 

Industry background: P&C Insurance

The Senior Supervisor Insurance Underwriting will support our auto dealer partners by protecting their most valuable assets -- their inventory. For a dealer who finances through Ally, we provide physical damage coverage for the cars on their lot, strengthening the bonds between our organizations. An Underwriter will evaluate risks according to location, physical and moral hazards, individual risk characteristics, inspection reports, loss experience and company guidelines in order to accept, decline or modify a business submission. The Senior Supervisor will also be responsible for overseeing a team of Underwriting Associates and be held accountable for engagement and productivity.

The Work Itself

  • Serves as a consultant and leader on the commercial underwriting team
  • Acting in a capacity to producers, customer service and claims personnel, as required
  • Works on special projects and assists in managing dealer inventory programs
  • Underwrites new and renewal business for multiple insurance programs
  • Submits complex or unusual risks, or risks exceeding personal underwriting authority to the appropriate party for appropriate handling
  • May be assigned specific accounts or territories and is responsible for the profitable performance of that book of business
  • In Addition to the Sr. Underwriter responsibilities:
  • Responsible for 2-3 direct reports, overseeing Underwriting Assistant/Associate Underwriting Team
  • Held accountable for engagement & productivity of direct reports
  • Gathers and tracks performance measurements for Underwriting Assistant Team. Provide Mentorship to employees below target and provide recognition to employees exceeding target
  • Participate in hiring process for new Underwriting Assistants. Perform resume reviews, coordinate candidate interview selection and scheduling, interview candidates and inform hiring decision
  • Provide Underwriting Managers with feedback and updates on employee performance, training activities, and career development
  • Conduct bi-weekly meetings with Underwriting Assistants and provides manager feedback on team and individual performance. Finds opportunities for growth & additional training
  • Conducts weekly coordination with the Account Management Team Leaders on upcoming new business & renewals
  • Provides solutions to complex situations that arise within team
  • Helps Ally & broader insurance organization in reaching strategic goals

The Skills You Bring

  • 4+ years in underwriting, financial services or similar industry is needed
  • Prior leadership and insurance underwriting experience is strongly preferred
  • Bachelor's degree in business related discipline preferred or combination of education/experience
  • Perform technical tasks required to support ongoing business operations
  • Requires advanced knowledge of Microsoft Office Programs

#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: $ - $ 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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