Job Information
Ford Motor Company Underwriting Compliance Analyst in Topeka, Kansas
We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?
The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world.
In this position...
This role requires a unique blend of underwriting expertise, a deep understanding of commercial auto insurance products, and a strong knowledge of regulatory compliance requirements.
You will play a key role in ensuring the profitability and regulatory compliance of our commercial auto portfolio.
What you'll do...
Underwriting and Risk Assessment: Analyze commercial auto insurance applications, evaluating driver history, vehicle information, business operations, and loss history. Identify potential hazards and assess risk levels, applying company underwriting guidelines consistently and accurately. Determine appropriate coverage levels, premiums, and policy terms.
Product Analysis & Development: Analyze existing commercial auto products, identifying areas for improvement in terms of profitability, competitiveness, and market fit. Contribute to the development of new products and enhancements to existing offerings, collaborating with product management and actuarial teams. Conduct market research and competitive analysis to inform product strategy. Performs data analysis supporting growth and profitability. Analysis includes marketplace dynamics, competitive analysis, pricing segmentation, and segment level analysis.
Compliance Monitoring and Reporting: Maintain a comprehensive understanding of all relevant state and federal regulations impacting commercial auto insurance. Monitor compliance with these regulations, identifying and addressing potential gaps or inconsistencies. Prepare and submit required regulatory reports accurately and timely. Stay abreast of changes in legislation and industry best practices. Prepare and file commercial automobile insurance rate and form filings via the State Electronic Rates and Forms Filing (SERFF) System and ensure compliance with legal and emerging regulatory requirements. Continually monitor state insurance department sites and notifications for new product updates, procedure changes, filing modifications and rate adjustments. Complete various state insurance filings, ensuring compliance with state requirements.
Data Analysis and Reporting: Analyze underwriting data to identify trends, assess portfolio performance, and contribute to the development of improved underwriting strategies. Develop and present regular reports on key underwriting and compliance metrics.
Communication and Collaboration: Effectively communicate complex information to various stakeholders, including underwriters, agents, brokers, compliance officers, and senior management. Collaborate with cross-functional teams to achieve shared objectives.
System Management: Utilize and maintain proficiency in company underwriting systems, policy administration systems, and compliance databases. Contribute to system improvements and process optimization.
Support Product Launch Projects: Support the team in a variety of areas which may include underwriting, sales, marketing, compliance, reporting, competitive analysis and customer experience.
You'll have...
Bachelor's degree, Risk Management, Insurance, business management, actuarial science, economics, or a related field or combination of education and equivalent
5 years of experience in commercial auto insurance underwriting is required.
Extensive experience (minimum 3 years) in product analysis within the commercial auto insurance industry is essential. Experience with product lifecycle management is highly desirable.
Significant experience (minimum 3 years) in insurance compliance, preferably in commercial auto, is crucial. Demonstrated ability to interpret and apply complex regulations.
Strong understanding of commercial auto insurance principles, rating methodologies, and risk assessment techniques.
Excellent analytical, problem-solving, and critical thinking skills.
Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint), and ideally experience with data analysis software (e.g., SQL, SAS).
Even better, you may have...
Experience with underwriting systems and policy administration systems is highly desirable.
Exceptional communication, interpersonal, and presentation skills.
Ability to work independently and manage multiple priorities effectively in a fast-paced environment.
Ability to be licensed
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder…or all of the above? No matter what you choose, we offer a work life that works for you, including:
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
Paid time off and the option to purchase additional vacation time.
This position is a salary grade 8.
For more information on salary and benefits, click here: https://fordcareers.co/GSRnon-HTHD
Visa sponsorship is not available for this position.
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
#LI-Remote #LI-FordCredit #LI-MK2
Requisition ID : 41046