Selective Insurance Group Inc

VP, Distribution Strategy - Hybrid

Selective Insurance Group Inc$206K — $266K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in Commercial P&C insurance with experience in underwriting, agency management, or marketing.
  • Bachelor's degree or MBA preferred; CPCU or relevant designation is a plus.
  • Proven leadership and team management skills with a focus on high-performance teams.
  • Superior relationship-building and customer service abilities.
  • Strong financial acumen alongside excellent sales and negotiation skills.

Responsibilities

  • Maintain a strategic overview of agency partners and their distribution strategies.
  • Develop infrastructure for managing aggregator and agency relationships.
  • Lead the creation of a 3-5 year distribution strategy focused on growth and diversity.
  • Implement and manage agency compensation strategies and IT efforts.
  • Align strategic plans to meet business objectives and cultivate key relationships.
  • Drive collaboration with underwriting on distribution opportunities and DE&I initiatives.
  • Oversee technical training programs and represent the company in major industry associations.
  • Coordinate agency engagement initiatives alongside Marketing and regional offices.

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

Identifies business development opportunities and leads collaborative cross-functional teams to execute key strategies related to geographic expansion, agency appointment strategies, agency development programs and innovative technology to support our distribution partners. Aligns with cross-regional distribution partners to further strengthen relationships, maximize appointment opportunities, establish mutual goals and leads effort to capitalize on opportunities for profitable growth. Leads Information Technology (IT) efforts related to agency compensation. Responsible for the technical training for internal employees, the corporate and insurance trainee program, and agency programs for distribution partners. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

  • Maintains a strategic view of aggregators and larger cross-regional agency partners, including changes in their distribution strategies, merger and acquisition (M&A) strategies, small business processes and technological advancements. Responsible for the aggregator/larger cross-regional agency management practice and ensures efficient communications across regional partners and aggregator offices. Shares key performance metrics and partners with our regional offices and various lines of business to identify and capitalize on growth opportunities.
  • Develops the infrastructure and tactics to support the standardized approach to aggregator/larger cross-regional agency relationship management. Identifies, develops, executes and monitors opportunities to increase production in partnership with the regional offices, including additional agency appointments, segment or line of business specific opportunities, and specialty programs.
  • Leads the development and implementation of a 3-5 year distribution strategy with a focus on aligning and maximizing impact in small business, personal lines, flood, middle market, large accounts, geographic expansion and aggregator relationships to achieve growth and diversity goals.
  • Develops and executes on the agency compensation strategy. This includes profit sharing programs and commission levels, incentive programs, custom PSA changes, and leads IT efforts related to agency compensation.
  • Aligns strategic and tactical plans for measurement and monitoring of objectives, course corrections and resource utilization. Exhibits a good working knowledge of current business conditions, the competition and territory specific issues. Cultivates strong business relationships, overcomes obstacles and pursues business opportunities.
  • Leads partnership efforts with commercial lines underwriting and the regions on unique distribution opportunities, including centralized service models supporting these opportunities, agency diversity equity and inclusion (DE&I) initiatives, and geographic expansion to maximize growth opportunities.
  • Responsible for the development, execution and communication of agency technical training, sales training and consulting programs that support key business objectives and provide a competitive advantage in the marketplace. Manages the Company's membership and represents Selective in major industry associations. (IIABA and PIA) including optimizing effectiveness of participation in various programs such as Trusted Choice.
  • Partners with Marketing and the regional offices to plan and execute agency engagement initiatives including Producer Councils, Road Shows, Visions and Views webcasts, PCEP, CX Council, Women's Agency Leadership, Annual Agency Survey and similar items.
  • Leads the development, execution and enhancement of insurance technical training for underwriting which includes efforts to support the Learning Management System (LMS). Responsible for coordinating strategic and support initiatives related the LMS global support learning needs. Partners with CL and PL UW Teams to build curriculum, provide product training materials and onboard new employees. Responsible for the strategic direction of technical training, identifying skill gaps as well as the success of in-person training content, logistics and outcome.
  • Leads the development, enhancement and execution of the corporate and insurance operations trainee program, including a track for agency trainees. Car travel represents approximately 25% of employee's time and a valid driver's license.

Qualifications

Knowledge and Requirements
  • Must have a valid state-issued driver's license in good standing and be able to drive an automobile.
  • Demonstrated superior leadership capability. Excellent relationship building, networking and customer service skills.
  • Strong communication and presentation skills, with the ability to articulate strategy to a variety of audiences.
  • Strong financial, underwriting, marketing, sales and agency operations acumen.
  • Ability to motivate, lead, develop and retain a high-performing sales staff.
  • Demonstrated excellent sales, negotiation and influencing skills. Demonstrated drive, dependability and integrity.


Education and Experience
  • Bachelor's degree and/or MBA or other related degree preferred
  • CPCU or other relevant industry designation preferred
  • 10+ years Commercial P&C insurance industry underwriting, Agency Management, Agency Operations, Marketing or field sales 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 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 $206,000.00 - USD $266,000.00 /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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