What are the responsibilities and job description for the AVP, Financial Planning (Hybrid) position at Selective Insurance?
About Us
At Selective, we don't just insure uniquely, we employ uniqueness.
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 2025 and certification as a Great Place to Work® in 2025 for the sixth consecutive year.
Employees are empowered and encouraged to Be Uniquely You by 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.
Overview
This position owns the methodologies and workflows used to develop financial projections and scenario analysis (i.e., budget/forecast, project budgets, project Net Present Value (NPV)/Internal Rate of Returns (IRR)). Manages the preparation of: (1) the annual budget and quarterly forecasts; and (2) the financial budget and related benefits associated with projects that are within the scope of the Enterprise Project Management process. Provides managerial control and coordination of units in the financial planning department. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Note: (For NJ candidates) This role will be located at our future headquarters in Short Hills, N.J. Until the new headquarters is operational, the successful candidate will be offered the ability to work in our Branchville, N.J. location during this interim period.
Responsibilities
Knowledge and Requirements
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 $184,000.00 - USD $238,000.00 /Yr.
Additional Information
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.
For Massachusetts Applicants
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
At Selective, we don't just insure uniquely, we employ uniqueness.
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 2025 and certification as a Great Place to Work® in 2025 for the sixth consecutive year.
Employees are empowered and encouraged to Be Uniquely You by 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.
Overview
This position owns the methodologies and workflows used to develop financial projections and scenario analysis (i.e., budget/forecast, project budgets, project Net Present Value (NPV)/Internal Rate of Returns (IRR)). Manages the preparation of: (1) the annual budget and quarterly forecasts; and (2) the financial budget and related benefits associated with projects that are within the scope of the Enterprise Project Management process. Provides managerial control and coordination of units in the financial planning department. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Note: (For NJ candidates) This role will be located at our future headquarters in Short Hills, N.J. Until the new headquarters is operational, the successful candidate will be offered the ability to work in our Branchville, N.J. location during this interim period.
Responsibilities
- Controls the daily workflow of the department. Schedules, prioritizes, and assigns tasks for department members ensuring proper and optimum utilization of talent and resources. Directs routine employee training and development, coaching, and leadership support.
- Supports strategic decisions, risk management, and capital allocation by providing analysis and financial insights to business unit leaders and executive team.
- Analyzes accounting problems, budget variances, tax matters and variances in financial statements utilizing spreadsheet and other software products. Research solutions, prepares written reports proposing logical solutions, implements solution and monitors effectiveness.
- Controls processing of accounting data by auditing the input and output of accounting records; Provides approval.
- Analyzes department/company results, procedures and systems for accuracy and efficiency and proposes improvements. Prepares written reports proposing logical solutions and alternatives. Prepares system specifications to support those changes. Implements changes and assures effectiveness.
- Implements changes to financial planning structure, workflows, and procedures to support corporate projects and strategies.
- Manages the preparation of the annual budget and quarterly forecasts.
- Manages the financial budget and related benefits associated with projects that are within the scope of the Enterprise Project Management.
- Responsible for the development/refinement of business logic used to develop financial projections (i.e., budget, forecast, project budgets, project NPV/IRRs, etc.)
- Responsible for change management process governing the maintenance/development of unit’s planning/reporting applications (i.e., TM1 databases, etc.)
Knowledge and Requirements
- Extensive knowledge of financial practices and accounting concepts and modeling techniques.
- Experience with computerized accounting systems and understanding of industry standards and compliance.
- Bachelor’s degree in accounting or finance required.
- Strong leadership experience to manage a team and planning processes.
- Minimum ten years of financial planning and/or related experience.
- CPA or MBA required
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 $184,000.00 - USD $238,000.00 /Yr.
Additional Information
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.
For Massachusetts Applicants
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Salary : $184,000 - $238,000