Commercial Insurance Underwriter

Ally Financial is a customer-centric digital financial services company committed to diversity and inclusion. The Commercial Insurance Underwriter evaluates risks and collaborates with internal teams to place insurance coverage, ensuring compliance with underwriting guidelines and loss experience.

Responsibilities

• 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
• Serves as a consultant to Producers, customer service, and claims personnel, as required
• Works closely with internal Producers to place insurance coverage within Ally’s DOL program(s)
• Submits complex or unusual risks or exposures, and risks exceeding one’s underwriting authority level to appropriate parties for approval
• May be assigned accounts or territories deemed to be more complex or have a catastrophic risk profile
• Perform technical tasks and analysis required to support ongoing business operations
• Articulate and present account’s risk analysis and underwriting recommendations as needed
• May collaborate with multiple teams to develop specialized proposals

Skills

• 1+ year of experience required
• High School Diploma or GED required
• Advanced knowledge of Microsoft Office Programs required
• Advanced knowledge in excel is required, i.e. x look ups, v look ups, pivot tables, and if formulas
• 2+ years of underwriting experience, with a focus on physical damage insurance underwriting preferred
• Prior leadership experience is preferred
• Bachelor's degree preferred

Benefits

• 20 paid time off days
• 11 paid holidays
• 8 hours of volunteer time off yearly
• 401K retirement savings plan with matching and company contributions
• Student loan pay downs
• 529 educational save up assistance programs
• Tuition reimbursement
• Employee stock purchase plan
• Financial learning center and financial coach access
• 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
• Total well-being program
• Adoption, surrogacy and fertility assistance
• Paid parental and caregiver leave
• Dependent Day Care FSA
• Back-up child and adult/elder care days
• Childcare discounts
• Mentally Fit Employee Assistance Program
• Subsidized and discounted Weight Watchers® program

Company Overview