Dealer Inventory Insurance - Underwriting Administration Supervisor

Ally Financial • Schaumburg, IL

227d • Onsite

About The Position

Ally is seeking a dynamic and experienced Underwriting Administration Supervisor to join our Ally Dealership Insurance Team. This role is pivotal in managing and overseeing various administrative and operational functions related to floorplan insurance. The successful candidate will work closely with the underwriting team and shared stakeholders to ensure seamless execution of processes and projects.

Requirements

• 2+ years' experience of managerial experience
• Strong background in insurance with a comprehensive understanding of industry practices
• Bachelor's degree preferred
• Excellent verbal and written communication abilities
• Strong PC and data entry skills
• Proficiency in Microsoft Office applications (Outlook, Excel, Word) required
• Ability to multi-task in a fast-paced environment

Responsibilities

• Perform and manage premiums waiver and refund process. Ensure all transactions are processed in a timely manner.
• Conduct audit duties, focusing on due diligence processes with third-party vendors. Verify vendor compliance with company standards and regulatory requirements.
• Maintain quality control over dealer inventory insurance binding documents. Ensure all documents meet company standards and are accurately processed.
• Implement and uphold service level agreements with third-party vendors. Monitor vendor performance to ensure adherence to agreed terms.
• Management of underwriting assistants and contractors (may include offshore resources). Provide leadership and guidance to ensure efficient and effective team operations.
• Address and resolve issues related to underwriting and administrative processes. Implement solutions to improve efficiency and accuracy.
• Handle special projects as assigned, ensuring successful execution and alignment with organizational goals. Collaborate with cross-functional teams to drive project outcomes.
• Perform additional tasks to ensure compliance with internal and external standards for insurance documentation and processes.

Benefits

• 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly
• 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
• Flexible health and insurance options including medical, dental and vision
• Short- and long-term disability insurance
• Pre-tax Health Savings Account with employer contributions
• Critical illness, accident & hospital indemnity insurance
• Adoption, surrogacy and fertility assistance
• Paid parental and caregiver leave
• Mentally Fit Employee Assistance Program
• Subsidized and discounted Weight Watchers® program

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree