Senior Actuarial Analyst - Pricing

Ally-Financial; Michigan; Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Time off and holidays

401K with company match

Health, dental, vision

Relocation assistance

Job summary

Ally Financial’s Detroit-area team is seeking a Senior Actuarial Analyst to develop pricing and reserving frameworks and to independently lead projects from start to finish. You will communicate results to Management and Senior Leadership and may mentor an entry-level actuarial analyst.

The role requires ACAS progress, 4+ years of actuarial experience, and strong programming skills in SQL, R, and Python. Hybrid Detroit/remote work is available along with Ally’s comprehensive rewards and benefits.

Qualifications

• ACAS or near ACAS preferred; 5 or more Casualty Actuarial Society exams required.
• 4+ years of actuarial experience; exposure to advanced ratemaking/reserving a plus.
• Programming skills in SQL/R/Python.

Responsibilities

• Support pricing and/or reserving framework development using standard actuarial techniques and advanced modeling.
• Lead, develop, and communicate advanced analytics to Management and Senior Leadership.
• Mentor and develop junior actuarial analysts; collaborate with product development, pricing, and reserving processes.

Skills

ACAS exams

Leadership

Communication

Programming

SQL

R

Python

Education

Bachelor’s degree in risk management, finance, economics, actuarial science, mathematics, statistics, or related field

Tools

SQL

R

Python

Job description

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.

Opportunity

The Senior Actuarial Analyst is responsible for developing and supporting a robust pricing and/or reserving framework at Ally Insurance. The Senior Actuarial Analyst will be expected to independently lead projects from start to finish. This includes brainstorming, accurately executing advanced analytics, and effectively communicating results to Management and Senior Leadership. The Senior Actuarial Analyst may be expected to train, mentor, and/or develop one entry-level actuarial analyst, overseeing project responsibilities and performance management. This role will have high visibility to Leadership and future advancement opportunities. Ideal candidates will have demonstrated leadership, communication, and technical skills. Programming skills a must. SQL/R/python preferred. Detroit office with a hybrid work schedule or remote.

The Work Itself

• Support a robust pricing and/or reserving framework for insurance business, including both standard actuarial techniques and advanced modeling
• Lead, develop, and communicate advanced analytics to Management and Senior Leadership
• Foster innovation within the team and across the broader organization
• Work collaboratively as a part of the product development, pricing, and/or reserving processes
• Develop rate and/or reserve indications, segmentation analyses, and predictive models
• Support development of themselves and other associates in an actuarial capacity and according to Ally vision and mission statement

The Qualifications We’re Looking For

• ACAS or near ACAS preferred; 5 or more Casualty Actuarial Society exams required
• 4+ years of experience in actuarial roles; exposure to advanced ratemaking and/or reserving a plus
• Strong communication and relationship building skills
• Ability to adapt to change quickly and to easily adjust priorities as necessary and appropriate
• High level of problem solving and critical thinking capabilities
• Well-organized and detail-oriented
• Strong work ethic
• Minimum of Bachelor’s degree in risk management, finance, economics, actuarial science, mathematics, statistics, or related field
• Programming skills in SQL/R/python
• Must be authorized to work in the US on a permanent basis

Minimum Qualifications

• 3+ years of experience
• High school Diploma or GED equivalent

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.

• 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.

In accordance with the Americans with Disabilities Act, if after review of the position expectations, you believe that you may need a medical accommodation to fulfill the duties of this role, please email [e-mail] with details of your accommodation request.

Base Pay Range 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.

We all work better as allies. Join a team that thrives on doing it right — whether we're helping people live their best financial lives or helping each other grow in our careers. We’re a leading financial services company serving over 11M customers through banking, auto financing, insurance and investment services. Our team's approach of celebrating differences and lifting each other up is consistently recognized on Fortune’s 100 Best Companies to Work For list. Here, you’ll find people who care about doing work that matters and making an impact in the communities we serve. Good enough is never enough for us — we’re always looking for ways to be better, together.