Associate, Investment Operations (Hybrid)

Selective Insurance Company of America•Farmington, CT

6d•Hybrid

About The Position

This position reports to the Manager, Investment Operations and Data Management, and provides essential day-to-day operational support to Selective’s investment team. Primary responsibilities include supporting routine investment operations, including trade settlement, data reconciliation, compliance monitoring, and systems maintenance. The role works closely with internal and external business partners to ensure accurate processing, strong controls, and efficient information flow. The role is ideal for candidates who are seeking to build career skills in investment operations and insurance asset management. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Requirements

Basic understanding of capital markets.
Proficiency with Microsoft Office applications.
Strong analytical and critical thinking skills, with the ability to exercise sound judgment.
Excellent communication and organizational skills.
Ability to manage multiple workstreams with competing deadlines and effectively prioritize assignments.
Ability to work independently and as part of a team.
Highly organized, detail-oriented, and comfortable working in an evolving environment.
Comfortable using new technology and software, with a proactive approach to improving processes.
Intellectual curiosity and a willingness to ask questions, seek clarity, and contribute to a positive team culture.
College degree in finance, accounting, business, economics, or other related major preferred, with 1-3 years of relevant work experience in a business environment.

Responsibilities

Oversee trade processing and settlement for internally managed assets by recording trades, confirming settlements, and resolving discrepancies with brokers and custodians. Maintain the trade blotter and provide necessary trade confirmations to custodians and investment accounting.
Maintain custody and safekeeping records for private placements and other non-standard assets, including transfer-agent contacts, account authorities, settlement instructions, and retained legal or closing documents.
Onboard new counterparties by coordinating workflows across managers, custodians, systems, and internal counterparts. Manage KYC materials, subscription documents, and required templates for setup.
Liaise with accounting, treasury, custodians, and external managers to resolve operational issues and ensure timely, accurate information flow. Respond to ad hoc operational requests and support smooth coordination across teams.
Support month-end investment close activities by assisting investment accounting with tie-outs of cash, positions, income, and realized/unrealized activity; maintain close checklists; and resolve exceptions ahead of reporting deadlines.
Prepare quarter-end investment reporting for the Investment Committee and Finance Committee, ensuring accuracy, completeness, and timeliness of materials.
Maintain internal databases and reporting tools by updating data inputs, refreshing datasets, and supporting the integrity of reports used for operational, financial, and risk oversight.
Monitor portfolio- and manager-level compliance with internal policies, regulatory requirements, and manager guidelines. Maintain logs of compliance breaches and support the investigation and resolution of exceptions.
Support internal and external audit activity by assembling transaction support, manager statements, confirmations, and control evidence for periodic audits, examinations, and financial reporting requests.
Maintain procedural documentation and support process improvement initiatives, including internal control reviews and documentation updates. Participate in efforts to strengthen operational rigor and system efficiency.