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 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year.
Working at Selective
At Selective, we don't just insure uniquely - we employ uniqueness. Employees are empowered and encouraged toBe Uniquely Youby 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.
Overview:
Our IT Finance and Planning team is looking for a Senior Financial Analyst to lead all aspects of the key IT Financial Planning & Accounting processes: planning, budgeting, forecasting, tracking actuals, and variance analysis. Acts as the day-to-day IT point of contact for key stakeholders (i.e., IT department leads, cost center owners, Financial Planning, and Accounting). Consults with IT senior management team and works with key stakeholders to ensure the key processes are efficient, effective, and follow best practices. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
This position reports to the manager of the IT Finance and Planning team. This team is aligned to a newly formed function called the Transformation Office, which has accountability for standing up a product and customer centric model at Selective. This role will play a part in shifting our financial process from a project model to a portfolio model. We are looking for someone who can run and own the current state processes, and then be a part of transformation our financial practices, processes, and systems.
Responsibilities:
- Develops and leads the annual IT budget process, including the establishment of the milestone plan and key dates, meets with key budget stakeholders, monitors progress, and prepares the submission for approval. Coordinates with external stakeholders as appropriate, including Financial Planning, Accounting, Cost Center Owners, and IT Senior Leadership team. Prepares and presents annual budget reports for all key stakeholders including IT Leadership team and CIO.
- Develops and leads the monthly budget review processes (forecast, actuals, variance). Monitors the overall IT spend and participates with key stakeholders in analyzing actual to budget performance and forecast implications. Provides reports to IT Senior Leadership and recommends accruals as appropriate. Coordinates activity of Resource Managers in updating forecasts on a monthly cadence. Prepares and presents monthly forecast reports to IT Department Heads and CIO.
- Calculates and tracks amortization, depreciation, capitalization and attrition.
- Leads the process to gather information from IT Leadership and create the presentation for the quarterly business prioritization meeting.
- Identifies and implements process improvements related to the above activities
- Ensures the provision of relevant financial data required to support IT reporting and metrics and leads or assists in any applicable audit processes.
- Provides leadership, daily oversight, and guidance for junior team members for all applicable department work.
Qualifications:
- At least 7 years in finance, preferably with a focus on IT finance, budget management, or other applicable area
- Strong analytical skills and financial acumen required
- Strong communication and presentation to senior leaders skills required
- Experience leading small cross-functional team required
- P&C Industry experience preferred
Salary range: $104,000 - $150,000. 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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