Commercial (Property) Line of Business Analyst/ Sr Commercial (Property) Line of Business Analyst (Hybrid)

Selective Insurance Company of America • Indianapolis, IN

1d • $84,000 - $163,000 • Hybrid

About The Position

Position supports profitability improvement and profitable growth initiatives for property line of business. Understands rates, rules and forms relative to regional and state insurance bureaus. Works in conjunction with C/L LOB Manager to manage inventory of bureau circulars and analytical projects, and determines if the organization has to or chooses to adopt legislation. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Requirements

• Highly proficient written and verbal communication skills
• Possesses strong technical underwriting skills and broad knowledge of company products and underwriting guidelines
• Ability to solve problems and make sound decisions based on diverse perspectives and effective use of data in a timely manner, even when faced with imperfect information
• Effectively manages and executes on the appropriate balance between strategic thinking and attention to detail
• Ability to effectively coach and mentor
• Highly effective ability to develop relationships with internal and external customers/peers
• Fosters teamwork, collaboration and a positive work environment
• Acts as an early adopter and champion of new initiatives that align with organizational strategies
• Highly proficient in use of all supplied desktop tools, including the automated underwriting and email systems
• Strong working knowledge of ISO, AAIS or independent property rating bureau circulars and bulletins
• Ability to research and analyze coverage and large spreadsheet/data sets
• Demonstrated ability to manage projects
• College degree preferred
• 5+ years Commercial Underwriting experience

Nice To Haves

• 3+ years specific line of business experience;
• 3+ years Risk Management and/or reinsurance experience
• 3+ years Field Underwriting; and/or
• 3+ years agency experience

Responsibilities

• Partners with the Product Development Specialists to support their responsibility for Insurance Services Office (ISO), Selective proprietary, American Association of Insurance Services (AAIS) rates, rules and forms.
• Ensures a consistent business process and tools for product development as respects intake, tracking, review, materiality and decisions in terms of ISO, AAIS and independent property rating bureau circulars and bulletins. Recommends actions outlining pros and cons when considering options with regard to ISO ,AAIS and independent property rating bureau. Determine requirements needed to adopt circulars and reviews system ramifications of the circular/bulletins. Collaborates with the Product Development Specialist regarding decisions, requirements and ramifications to Selective proprietary forms.
• Maintains ownership of the profit & loss for assigned line of business. Provides analysis for state and countrywide rate reviews as well as to aid regional partners in region and state level efforts at profitability improvement and profitable production by providing recommendations and support to drive the activity required.
• Supports Product Development Specialists efforts to maintain inventory and accountability for governance of existing rates, rules and forms. Includes oversight of delay/non-adopt ISO, AAIS, and independent property rating bureau circulars.
• Manages line of business assigned for all corporate governance and compliance issues.
• Receives and handles underwriting referrals from the field and/or corporate underwriting, utilizing underwriting expertise to advise the most appropriate solution or course of action in a timely manner. Includes supporting the Product Development Specialist’s, analysis of existing manuscript endorsements, determination of acceptability based on clarity, accuracy, and compliance with each state’s regulations, development of alternative solutions using filed forms, or provide alternative language that is compliant, clear, and concise.
• Actively participates in supporting predictive model efforts relative to given line of business.
• Assists with the creation and delivery of educational materials and training programs for agents, regional personnel and corporate underwriting to ensure thorough understanding of underwriting guidelines, issues and controls.
• Participate in the Large Loss Review process and Quality Assurance Reviews as necessary. Drafting analysis, insight and takeaways or action plans.
• Provides exceptional customer service to agents, regional personnel, Product Development staff, corporate underwriting and other stakeholders as identified.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees