Underwriting Compliance Analyst

at  Ford Motor Company

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.

• 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.