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Reinsurance Enrollment Specialist
Ally
Detroit, MI, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
18-5211
Job Description
Position Description
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 and the New Business group.
Job ResponsibilitiesPerforming dealer enrollment activities such as maintaining reinsurance company formation documents, monitoring aged warehoused accounts, creating and managing reinsurance series codes, coordinating configuration set-up, and producing dealer reinsurance and trust account agreements Maintaining the dealer warehousing report and communicating any obstacles that may be delaying activation to management Working with Accounting on reinsurance account reconciliations, year-end Schedule F reporting, etc. Assisting with reinsurance dashboard maintenance Incorporating improvements to current dealer-facing reinsurance reporting Supporting process improvement efforts, including creating desktop procedures Obtaining the Associate in Reinsurance designation and/or any other applicable credentials
QualificationsBachelor'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 a plus
Ally Overview
Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise with the opportunity, experience and people to redefine the industry.
Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.
Business Unit/Enterprise Function
Ally Insurance is a leading provider of automobile-related insurance, vehicle maintenance and reinsurance products, and services for automobile dealers and their customers. Ally offers vehicle service and maintenance contracts, including our flagship, industry leading product, Ally Premier Protection which is available for new and used vehicles of virtually all makes and models, as well as other ancillary F&I products, such as our GAP and Tire & Wheel products. Ally Insurance also services the insurance needs of our dealers' businesses by offering dealer inventory insurance, and liability and property protection, as well as provides training and consultative services to help their businesses succeed.
Total Rewards
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.