Director, Strategic Planning (Short Hills)

About Us

At Selective, we dont just insure uniquely, we employ uniqueness.

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 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year.

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.

Overview

Plays a key role in the development, preparation, administration of the Commercial Lines annual budget as well as analysis for preparation and review of monthly operational and all financial performance metrics. Provides the Management team with accurate, timely and relevant business analysis while serving as a liaison with numerous business areas within the Company including Financial Planning, Regional offices, and the SBU's. Leads the development of special projects (i.e., staffing model development, productivity models etc.). All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

• Partner with the CL Field Leadership team to create short & long term strategic deliverables and lead the efforts to capitalize on opportunities for profitable growth; 3-5 yr plan, GEO Expansion, MS / SOW
• Demonstrating flexibility in our unique field model to maximize capacity & growth opportunities
• Partner with business and functional leaders to identify and communicate key strategies, initiatives, opportunities, metrics, and goals that effectively drive and improve business performance as well as implement initiatives to address any issues.
• Establish a partnership with business / functional leaders / Senior Mgmt. and develop a clear understanding of their business needs and issues. Working with them to perform detailed analytical review of business units / segments to identify, evaluate and pursue opportunities to increase revenue & productivity, improve efficiency and reduce costs.
• Lead the oversight of the day to day financial operation priorities related to :
• Expense management discipline
• Capacity Models
• Optimized mix of production roles to support territory opportunities
• Compensation analysis
• Competitive advantage
• Creating / tracking / reporting
• Monitoring monthly / qtrly initiatives
• Works with regional management to develop and track all sales plan goals and results (profitability, new business and strategic). Participates with HR partners on design and analysis of sales plans.
• Design and conduct other complex ad hoc analysis in support of key business objectives, as necessary.
• Partner with Actuarial, Regions & SBU during annual premium plan meetings and quarterly Regional Profitability meetings

Qualifications

Knowledge and Requirements

Education and Experience

Total Rewards

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process.

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 relevant education, qualifications, experience, skills, performance, and business needs.

Pay Range

USD $149,000.00 - USD $205,000.00 / Yr.

Additional Information

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.

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