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Commercial Underwriter

Employer
Ally Financial
Location
Detroit, MI
Salary
Not Specified
Closing date
Jun 29, 2019

View more

Category
Underwriting
Job Type
Full Time
Career Level
Experienced (Non-Manager)

Job Details

Evaluates risks according to location, physical and moral hazards, underwriting guidelines and loss experience in order to accept, decline or modify submission. Also, evaluates information received concerning risk characteristics, inspection reports, producer information, etc. May review loss experience of individual accounts and assigned territory.

Job Responsibilities

 

  • Serves as a consultant to producers and customer service personnel and claim personnel, as required.
  • Submits complex or unusual risks or exposures and risks exceeding personal underwriting authority to Senior Underwriter or line-of-business head for approval.
  • Authority level will be greater than Intermediate underwriters but less than senior underwriters
  • May be assigned accounts or territories deemed to be more complex or more catastrophe exposed than those assigned to Intermediate underwriter

Qualifications

  • HS diploma or equivalent required. Associate / Bachelor's degree in business related discipline preferred.
  • 3 + years insurance or financial service experience is needed. Education may be used as a proxy for experience.
  • Perform technical tasks required to support ongoing business operations
  • Skilled technician in a hands-on environment, often highly specialized.
  • Typically requires advanced knowledge of Microsoft Office Program

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 Description

Ally Insurance is a leading provider of automobile-related insurance and reinsurance products for automobile dealers and their customers. The unit goes to market as Ally Auto - Dealer Products - Services.Ally Insurance works with automotive dealers and their customers to provide solutions through our portfolio of products. We market vehicle service and maintenance contracts, such as the industry-leading GM Protection Plan and Repair Advantage.DP-S has a wholly owned subsidiary, Universal Warranty Corp., which uses a national network of independent sales agents to market vehicle service contracts, such as VehicleOne, and other products that are uniquely tailored to the needs of hundreds of franchise and independent retail automobile dealers across the United States.DP-S also services the insurance needs of our dealers' businesses by offering dealer inventory insurance, and liability and property protection.

 

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.

 

Company

Ally Financial Inc. was founded in 1919 as the General Motors Acceptance Corporation (GMAC), a provider of financing to automotive customers. Since then, the business has expanded to include insurance, direct banking and commercial finance. See the timeline to trace Ally's evolution.

Company info
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