Senior Actuarial Analyst - Reserving

4001 Motors Insurance Corp.; New York (NY); Hybrid; USD 85,000 - 150,000; Full time

Benefits offered by this job

Annual incentive plan

Relocation assistance

401K with company match

Job summary

Ally and Your Career Ally Financial is seeking a Senior Actuarial Analyst to develop and support a robust reserving framework for the insurance line, with opportunities to lead projects from start to finish. The role emphasizes independent initiative, effective communication with management, and the ability to deliver advanced analytics and modeling results.

The position is based in the Detroit area with hybrid work options and potential remote arrangements.

Qualifications

• ACAS or near ACAS; 5+ Casualty Actuarial Society exams required.
• 4+ years of experience in actuarial or data science roles; exposure to advanced ratemaking and/or reserving a plus.
• Strong communication and relationship-building skills.
• Programming skills in R; SQL useful.

Responsibilities

• Support a reserving framework for insurance using 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 in product development, pricing, and reserving processes.
• Develop reserve indications, produce reserve ranges, and perform advanced analytics.

Skills

ACAS

R

Python

SQL

Communication

Leadership

Education

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

Job description

Ally and Your Career Ally Financial

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 love 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

Senior Actuarial Analyst

This role is Detroit Hybrid preferred; however, remote option possible. The Senior Actuarial Analyst is responsible for developing and supporting a robust 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. 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.

The Work Itself

Support a 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 reserve indications, produce reserve ranges, and perform advanced analytics.

Support development of themselves and other associates in an actuarial capacity and according to Ally vision and mission statement.

The Qualifications

ACAS or near ACAS preferred; 5 or more Casualty Actuarial Society exams required.

4+ years of experience in actuarial or data science roles; exposure to advanced ratemaking and/or reserving a plus.

Strong communication and relationship building skills.

Programming skills in R required (SQL useful).

Ability to adapt to change and adjust priorities quickly, as necessary and appropriate.

High level of problem solving and critical thinking capabilities.

Well-organized and detail-oriented.

Highly motivated and self-directed.

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

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. 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

Base Pay Range

$85,000.00 - $150,000.00

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.

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

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.

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. We all work better as allies.

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