Summer 2027 Internship – Insurance Business and Strategy
The Opportunity
Your internship with Ally will move you from Educated to Experienced; connecting you with diverse teams and functions across the country. You will have the opportunity to interact with Ally's leadership and learn from their personal successes. The Ally internship program seeks to guide and mentor students with development opportunities designed to provide a bridge between the academic world and the world of business.
Program Components
- Market competitive compensation
- Formal company orientation and training
- Executive speaking series
- Experienced mentors
- Hands on experience
- Project based work
- Leadership and career development
- Networking opportunities
Internship Details
- Timing: May 25 – July 30, 2027
- 40 hours each week with a mix of in-office and remote working days
- Project-based work
- Market competitive hourly compensation and a sign-on bonus, as well as financial housing assistance for those who qualify
- Successful interns will have the opportunity to return to Ally in an Early Talent Program or full-time role, or to a second internship, depending upon graduation timing.
The Work Itself
Finance & Insurance (F&I) Products – this group is responsible for the development and management of Ally Insurance's F&I products. The team continually evaluates the marketplace to identify new, or updates to existing products to support F&I growth. The team will develop strategies to distribute those products and work with stakeholders to bring them to market.
Ally Dealership Insurance (ADI) Account Management – this team operates as a liaison between the dealer customer and our insurance carrier partners to analyze risk exposures and place accurate coverage. As a part of this team, Agency Strategy & Quality Assurance supports ADI, focusing on maintenance and communication of procedures, documentation requirement adherence, and Account Management performance reporting.
Ally Dealership Insurance (ADI) Underwriting – this team manages the inventory insurance for Ally. The team underwrites new and renewal business within our three inventory insurance programs, as well as managing a portion of our large group program. The team determines dealers risk eligibility, pricing and terms, along with answering coverage questions for our respective clients.
Business Line Risk Management – this team works across the Insurance business line to ensure that our risk appetite framework is being adhered to and report out to executive teams to promote risk culture and knowledge. We assist with governance tasks for the annual and ad-hoc revisions to our internal policies, procedures, standards and guidelines. We compile reporting for Insurance Committee and Board meetings. We monitor and assist teams with their process risks, controls and issues to make sure that leaders are aware of any risk that exists or needs escalation.
Required Qualifications
- Must be graduating between December 2027 and May 2029
- Rising Junior or Senior (during the time of internship) in a full-time undergraduate program
- Available for the full duration of the internship program
- Eligible to work in the US for any employer without sponsorship from the company now or in the future
Preferred Qualifications
- Major/Course of Study: Business, Finance, or related field preferred
- Excellent leadership, interpersonal and communication skills
- Demonstrates Analytical Thinking, Collaboration, Learning Agility
Benefits
- Time Away: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
- Planning for the Future: 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, and financial learning center and financial coach access.
- Supporting your Health & Well-being: 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, and a total well-being program.
- Building a Family: Adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.
- Work-Life Integration: Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
- Other Compensations: Depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.