Selective Insurance Group Inc

AVP, Commercial Lines Strategic Business Unit Leader (Hybrid)

Selective Insurance Group Inc • $184K — $238K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of generalist Commercial Lines underwriting experience
  • 5+ years in specific strategic business unit market segments
  • Valid state-issued driver's license in good standing
  • Proven leadership capability
  • Strong sales and negotiation skills

Responsibilities

  • Set and advance the underwriting strategy for various business units
  • Generate actionable insights to drive growth and profitability
  • Monitor external factors impacting customer operations and risks
  • Identify opportunities for expanding underwriting appetite and product development
  • Lead and develop a team of subject matter experts in transactional engagement
  • Provide underwriting expertise on complex, high-exposure risks
  • Maintain a strong in-person presence for gathering regional input
  • Collaborate with multiple internal teams for comprehensive underwriting effectiveness

Benefits

  • Comprehensive health care plans
  • Retirement savings plan with company match
  • Discounted Employee Stock Purchase Program
  • Tuition assistance and reimbursement programs
  • 20 days of paid time off
Full Job Description
Overview

This position is responsible for our portfolio in each of the four strategic business units (Contractors; Manufacturing & Wholesale; Mercantile-Service; Community & Public Services) in standard commercial lines and its profitable growth. These corporate underwriting roles work closely with regional underwriting office leaders while leading a team of subject matter experts to assist regional personnel and agents in successfully marketing and underwriting new and existing accounts in this market segment. Working cross-departmentally in a collaborative fashion, these leaders identify actionable insights and trends to refine their segment's underwriting strategies to improve performance.

Responsibilities

  • Set and advance the underwriting strategy for each Strategic Business Unit's market segments, ensuring a broad, generalist underwriting appetite complemented by specialty niches and supported by underwriting guidelines
  • Generate actionable insights at the portfolio, line, segment, class of business, market size and regional level to drive growth and profitability for the market segment that support diversification and breadth of appetite. Develop, refine, maintain and monitor adherence to underwriting guidelines and standards
  • Monitor external factors that can impact the market segment's customers including economic, technological, social, political and environmental. Develop strategies to capitalize on opportunities or mitigate risk in support of our customers while driving our desired outcomes. Conduct direct external engagement with segment customers to fully understand their operations, exposures, risk profiles, business plans and evolving needs
  • Identify opportunities for expansion of our segment's underwriting appetite and product development including new coverage opportunities for the segment. Partner with Product teams on technology solutions that improve the efficiency and accuracy of underwriting in the segment
  • Lead and develop a team of highly skilled subject matter experts responsible for managing transactional engagement (referrals and consultations) with the company's regional front-line underwriters. Ensure proper daily coaching, training, mentoring and knowledge transfer by the team as well as active visibility in the field. Delegate authority to the team and imprint on regional authority delegations
  • This leader will provide direct underwriting expertise on the segment's most complex, unique or high-exposure risks for the market segment's referrals and consultations
  • Maintain a strong in-person field presence to gather input first-hand from our regional teams, agents and insureds to successfully balance underwriting expectations with competitive intelligence, sales and marketing
  • Partner with actuarial, advanced analytics, claims leadership, competitive intelligence, legal, line of business, marketing, premium audit, product leadership, region leadership and teams, regulatory compliance, risk management and the other market segment leaders

Qualifications

Knowledge and Requirements
• Managing small projects; Excellent customer service, networking and relationship building skills; Strong sales and negotiation skills; Strong problem-solving ability, and excellent presentation skills; and Proven leadership capability. Must have valid state-issued driver's license in good standing and be able to drive an automobile

Education and Experience
• College degree preferred.
• 10+ years generalist Commercial Lines underwriting experience
• 5+ years in the specific strategic business unit's market segments

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 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page.

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 $184,000.00 - USD $238,000.00 /Yr.

About Selective Insurance Group Inc

Selective Insurance Group, Inc. is a holding company for ten property and casualty insurance companies. The company provides insurance products and services to businesses, non-profit organizations, and individuals. Selective Insurance Group has been in business for over 90 years and has a strong reputation for customer service and financial stability. The company is headquartered in Branchville, New Jersey, and has over 2,450 employees. Selective Insurance Group is committed to giving back to the communities where it operates and has a strong focus on corporate social responsibility. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol SIGI.
Learn more about Selective Insurance Group Inc
Size
2,440 employees
Market Cap
$5.4 billion
Industry
Net Income
$246.3 million
Founded
1926
5 Year Trend
+6.9%
Revenue
$2.9 billion
NASDAQ

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