Selective Insurance
Location
New Jersey | United States
Job description
At Selective, we don't just insure uniquely, we employ uniqueness.
Our Business
Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Work ® in 2023.
Working at Selective
At Selective, we don't just insure uniquely – we employ uniqueness. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Employees receive comprehensive total rewards packages - including competitive compensation and performance awards, health benefits, and retirement savings - and professional development opportunities and flexible schedules to support their health, wealth, and well-being. Join our team and help make a difference.
Job Summary
Perform pricing analyses, experience and profitability reviews and/or state rate filings, and support business units as needed. Build actuarial and business expertise, including the pursuit of the FCAS designation. Lead other projects and assignments as directed.
Essential Functions
1. Lead analysis of pricing and experience data, including communication of indications to business units and assessment of loss reduction options and or prepare pricing proposals and state rate filings where applicable. Attend and lead meetings to review results and recommendations with Underwriting when appropriate.
2. Assist and oversee the provision to management of tools to drive appropriate policy level decision making by utilizing strategic tools, price monitor, planning/budgeting model and/or predictive modeling.
3. Provide front line field support to Field Underwriting, Corporate Underwriting and senior management in order to monitor changes to aggregate pricing levels and profitability through periodic analyses. Evaluate and communicate results to supervisor, business units and senior management when appropriate.
4. Prepare special reports, data compilations, analysis of company and industry experience, as well as other ad hoc analysis requests. Communicate results directly to business units.
5. Assist in the maintenance of automated systems and pricing models and improve efficiencies.
6. Assist manager in checking the work of other members of the department. Serve as a role model for others. Employ knowledge in areas of industry and actuarial disciplines to execute independently on high profile assignments.
Salary range: $127,640 - $191,460. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include the candidate's qualifications and experience.
Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences – and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
Selective maintains a drug-free workplace.
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