Strategic Planning Analyst (Hybrid)

Selective Insurance Company of America•Short Hills, NJ

19h•Hybrid

About The Position

Responsible for playing a key role in supporting the development, preparation, and administration of the Corporate Commercial Operations reporting monthly/quarterly operational and all financial performance metrics, as well as assisting with the annual planning process. Understands the business needs of the Insurance Operations Unit and partners with other areas (Actuarial, Financial Planning, BSU, etc.) to support those needs. Responsible for the accurate, timely, and relevant business analysis of special projects (i.e., headcount reporting, staffing model development, process improvement surveys, productivity models, etc.). All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Requirements

An understanding of financial and accounting concepts and modeling techniques.
Strong financial aptitude and acumen.
Ability to identify, interpret and translate business analytics into successful and profitable business strategies.
Must demonstrate the ability to analyze problems, probe facts, identify and question assumptions and analyze issues from different perspectives.
Good customer service, networking and relationship building skills.
Highly motivated self-starter with an ability to effectively manage a range of projects in an environment with changing priorities.
Exhibit flexibility working in a fast-paced environment requiring quick response.
Must be detail-oriented.
Ability to design, build and manage financial models.
Strong PC skills (i.e., excel, access, macros, lookup formulas, pivot tables, etc.).
College degree in Accounting and/or Finance preferred.
3+ years experience in the insurance industry analyzing business needs, industry trends and best practice.
3+ years experience in budgeting and planning
1+ years experience assisting with the implementation of projects.

Responsibilities

Works with Commercial Lines Operations Management team to assist with the preparation, analysis and distribution of the Commercial Lines Operations annual planning process (premium plans, territory reviews & operational expense management) and conducts tracking and variance analysis when appropriate.
Acts as a liaison with Actuarial, Financial Planning, Business Intelligence, BSU and other units in the coordination & monitor of special projects (i.e. UW Incentive Plans, Business Objectives, Matrix, AMS Contest) for Commercial Lines Operations.
Partner with business and functional leaders to identify and communicate key strategies, initiatives, opportunities, metrics and goals (short term / long term) that effectively drive and improve business performance. Assist with the creation of resources to monitor / track results.
Support business leader’s efforts to improve performance by partnering in the creation of Statement of Work templates and other projections utilized by the Field to increase revenue and / or reduce costs.
Establish a strong relationship with Insurance Operations Management, Actuarial, Financial Planning, BSU and peers.
Partner with the Management team to develop, design and prepare documentation to support monthly & quarterly business requirements (ie. Regional Scorecard / Commercial Lines Scorecards). Continually evaluate processes for ways to automate or improve.
Design and conduct other complex ad-hoc analysis in support of key business objectives, as necessary.