Ally Senior Insurance Risk Analyst in Detroit, Michigan

Position Description

Ally Financial Inc.'s Independent Risk Management function is responsible for objective and critical assessment of risks and--through oversite, effective challenge, and other means--evaluation of whether Ally remains aligned with its risk appetite and risk limits. In this role, the Senior Risk Analyst / Risk Analyst will be responsible for implementation and execution of Independent Risk Management processes and procedures related to Insurance/Underwriting risk associated with Ally's Insurance Business Line. The successful candidate will support Enterprise Risk Management Policy process requirements related to risk identification, measurement reporting.

Job Responsibilities

  • Maintain strong working relationships with Business Line process owners and subject matter experts

  • Develop a deep understanding of Business Line processes related to insurance/underwriting risk management, focused on Ally Insurance's Property and Casualty (P&C) and Finance and Insurance (F&I) product segments

  • Support annual revision of Enterprise Insurance Risk Policy, and any related standards, procedures, or committee charters, including assessment of related business line risk policies

  • Collaborate with Business Line and IRM partners to ensure appropriate and credible review, oversight and challenge with respect to identification and assessment of insurance/underwriting risks, including assumptions related to the following areas:

  • Rate proposals and revisions for Ally's product offerings in both P&C and F&I

  • Loss reserve and unearned premium reserve indications

  • Financial structures and profitability estimates

  • Reinsurance placements

  • Support development of insurance risk reporting and analytics and ongoing refinement of same

  • Identify and recommend risk limits that are consistent with Ally's stated Insurance/Underwriting Risk Appetite

  • Escalate and report insurance risk concerns as necessary

Qualifications

  • Bachelor's degree required

  • Insurance related designation (CPCU, ARM, etc.) and/or actuarial experience preferred but not required; support will be provided for candidates looking to progress in CAS/SOA designations

  • 1-3 years of risk management related experience, preferably in insurance related processes

  • Excellent analytical skills and ability to effectively synthesize and communicate ideas and insights across the organization, including with executive leadership; strong presentation skills a plus

  • Ability to multi-task and comfort adapting to a changing and developing environment

  • Strong experience with Microsoft Excel and Business Intelligence tools (Power Pivot, Power BI) preferred

  • Data analytics experience and background preferred (SAS / SQL)

Ally Overview

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.

Business Unit/Enterprise Function

Ally Risk function manages and analyzes our exposure to internal and external risk factors. The group strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company's financial returns.

Total Rewards Information

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:

Industry-leading 401K retirement savings plan with matching and company contributions

Wellness program encouraging healthy living with financial rewards

Flexible health insurance options including dental and vision

Pre-tax Health Savings Account with generous employer contributions

Pre-tax commuter benefits

Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs

Ally is an Equal Opportunity Employer

We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.

Job Title: Senior Insurance Risk Analyst

Company: Ally Financial Inc.

Category: Risk

BU Function: Risk

Requisition ID: 19-5411

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