Senior Analyst - Reinsurance Financial Operations

General information

Career area Insurance Work Location(s) 500 Woodward Avenue, MI Remote? No Ref # 19948 Posted Date 07-11-25 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

The Senior Analyst will be responsible for administration of reinsurance programs including cession statement production, payments and settlements, true-ups, and large claims reporting, working closely with Business and Accounting matrix partners. The Senior Analyst will lead work with a lower level Analyst on the team, and interface with internal and external parties.

This position offers an excellent opportunity to learn about the various core dealership and diversified growth programs. The team is responsible for placement and operations of property & casualty treaties for the core Dealer Open Lot and Garage programs, as well as review of other strategic growth partnerships.

In addition, the Senior Analyst may be exposed to Reinsurance Placement activities, as well as risk management tasks such as catastrophe risk monitoring, financial projections, and weather event reporting. Depending on skills, there is opportunity to use programming and other business intelligence and modeling tools. Training and development into these areas is possible over time. There are further opportunities to rotate into the capital modeling or catastrophe modeling teams in the larger organization

The Work Itself

• Summarize reinsurance program policy and financial information, such as premium/loss bordereaux
• Manage and report inbound and outbound invoices and statements with brokers
• Reconcile and approve cash payments
• Manage collateral trust accounts and letters of credit requirements
• Log and provide monthly payment logs for accounting audits
• Assemble reinsurance program large loss reporting
• Calculate authorized reinsurance credit (Schedule F) amounts
• Assist in regulatory reporting and stress testing (AM Best SRQ, BMA BSCR, OSFI BAAT Rat