AVP, Actuarial Pricing (Hybrid)

At Selective, we don't 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.

Responsible for management and oversight of Actuarial Pricing unit, including day to day functions and overall strategic direction. May provide counsel on the overall profitability of lines of business, state or business segment. Analyze results and

present findings to underwriting personnel and senior management. Prepare in-depth analysis and reports to support organizational strategy or support business issues. May participate in developing product investment strategy, handle state insurance matters, and other studies/research. Train and develop actuarial staff. Build actuarial and business expertise. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

• Supervise the performance of pricing analyses, including communication of indications to business units and assessment of loss reduction options. Attend and participate in meetings to review results and recommendations with Underwriting when appropriate, and work with staff to ensure their productive participation in meetings.
• Plan and monitor assignments/projects within discipline. Operate methodically and logically and adjust timeframes/deadlines accordingly.
• Provide tools and guidance to assigned underwriters and management, to drive appropriate policy level and portfolio decision making. Provide front-line pricing support to business units on collaborative basis as needed.
• Leads pricing meetings with SBU/Regional Management/Senior Management, providing 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.
• 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.
• Direct the maintenance and upgrades of automated systems and pricing models. Identify potential improvements and efficiencies within current processes. Lead efforts to implement these improvements, where agreed upon.
• Provide training and knowledge sharing opportunities to staff and other areas. Keep abreast of market conditions affecting the property and casualty industry.

Knowledge and Requirements

• Requires advanced actuarial and analytical skills, along with a solid financial acumen.

• Strong communication and interpersonal skills also required.

• Must effectively train and develop actuarial staff.

• Hire and retain experienced actuarial talent.

Education and Experience

• Actuarial Designation (FCAS or near - FCAS)

• College degree in Mathematics, Actuarial Science, Statistics, or Economics preferred.

• 7+ years experience in Property/Casualty actuarial work.

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.

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.