Actuary Analyst - Insurance Risk

Are you a highly analytical and strategic thinker with a passion for the insurance industry? Are you looking for a challenging and rewarding career in a dynamic and fast-paced environment? If so, Ally Financial is seeking an Actuary Analyst with a focus on Insurance Risk to join our talented team. In this role, you will be responsible for analyzing and managing the risks associated with our insurance products and developing strategies to mitigate potential losses. To excel in this position, you must possess strong mathematical skills, attention to detail, and a deep understanding of insurance principles and regulations. Join us at Ally Financial and be a part of a company that values innovation, collaboration, and continuous learning.

1. Conduct thorough analysis of insurance risks associated with Ally Financial's products, including but not limited to auto, home, and life insurance.
2. Develop and implement risk management strategies to minimize potential losses and ensure compliance with industry regulations.
3. Utilize advanced mathematical and statistical techniques to evaluate and improve the accuracy of insurance risk models.
4. Collaborate with cross-functional teams to identify and evaluate potential risks and opportunities for improvement in product design and pricing.
5. Stay abreast of industry trends, regulatory changes, and emerging risks in the insurance market to inform risk management strategies.
6. Analyze data and generate reports to communicate risk assessment and mitigation strategies to key stakeholders.
7. Coordinate with underwriting and claims teams to evaluate and assess risk exposure and make recommendations for risk transfer or mitigation.
8. Assist in the development and maintenance of internal policies and procedures related to insurance risk management.
9. Support the development and maintenance of actuarial models and tools to aid in risk analysis and reporting.
10. Contribute to continuous learning and improvement within the team by sharing knowledge, best practices, and participating in training opportunities.

According to JobzMall, the average salary range for a Actuary Analyst - Insurance Risk in Detroit, MI, USA is $98,000 - $119,000 per year. However, salaries may vary depending on the specific company, years of experience, and other factors.

Ally Financial provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.