Senior Actuarial Analyst - Pricing

Kentucky Bar Association; United States; Remote; USD 85,000 - 150,000; Full time

Job summary

The Kentucky Bar Association is seeking a Senior Actuarial Analyst to develop a robust pricing framework at Ally Insurance. This critical role involves project leadership, advanced analytics communication, and mentoring entry-level analysts, emphasizing innovative solutions within a collaborative team environment.

Benefits

20 paid time off days

401K retirement savings plan with matching

Flexible health and insurance options

Adoption and fertility assistance

Paid parental leave

Qualifications

• HS Diploma or equivalent required.
• Minimum of Bachelor's degree in relevant fields.
• Experience with commercial lines insurance pricing.

Responsibilities

• Develop and support pricing framework for insurance business.
• Lead and communicate advanced analytics to Management and Senior Leadership.
• Mentor entry-level actuarial analysts.

Skills

Communication

Problem Solving

Leadership

R programming

Analytical Thinking

Education

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

ACAS or near ACAS preferred; Casualty Actuarial Society Exam 5 required

Job description

General information

Career area
Insurance

Work Location(s)
KY, LA, MA, MB, MD, ME, MI, MI, MN, MO, MS, MT, NB, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV

Remote?
Yes

Ref #
19507

Posted Date
03-27-25

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

This role is Detroit Hybrid preferred, however remote option possible

The Senior Actuarial Analyst is responsible for developing and supporting a robust pricing framework at Ally Insurance. The Senior Actuarial Analyst will be expected to independently lead new projects from start to finish, as well as implement enhancements to current analyses. 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 develop entry level actuarial analysts, 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 strong technical skills. Programming and automation skills a must. R coding language preferred. Detroit office with a hybrid work schedule preferred. Charlotte, NC office or fully remote with occasional travel also an option.

The Work Itself

• Develop and support a robust pricing framework for insurance business, including both standard actuarial techniques and advanced modeling
• Assist management with Actuarial Due Diligence when assessing diversification opportunities
• Lead, develop, and communicate advanced analytics to Management and Senior Leadership
• Gain technical expertise in Ally Dealership Insurance products and data warehouses
• Develop and maintain tools to assist with visualization of data trends and sensitivities around metrics
• 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 Skills You Bring

• HS Diploma or equivalent required
• Minimum of Bachelor's degree in risk management, finance, economics, actuarial science, mathematics, statistics, or related field
• ACAS or near ACAS preferred; Casualty Actuarial Society Exam 5 required
• 4+ years of experience in actuarial roles; exposure to advanced ratemaking and/or reserving a plus
• Experience with commercial lines insurance pricing; ability to provide meaningful output with limited historical data
• 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 independent critical thinking capabilities
• Well-organized and detail-oriented
• Strong work ethic
• Programming skills in R with a passion for automation
• Must be authorized to work in the US on a permanent basis

#LI-Remote

#LI-Onsite

#LI-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 [e-mail]. 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.