E&S Line of Business Analyst

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 2024 and certification as a Great Place to Work® in 2024 for the fifth 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 role works collaboratively with Underwriting, Actuarial, Product Development, Legal, Claims, and Quality Assurance to ensure continued growth and profitabilty. Uses strong underwriting acumen to develop recommendations for improvements across multiple lines of business in the E&S space. The role is also responsible to research industry data to determine opportunities for new product and coverage offerings. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

• Assists in the Research and presentation of recommendations for New Products or Coverages. Partners with the Product Development Specialists to support their responsibility for New Products and Updates to existing products by analyzing forms, rates and market conditions.
• Ensures a consistent business process and compliance to underwriting guidelines. Makes recommendations for changes to guidelines as appropriate. Collaborates with the Product Development Specialist regarding decisions, requirements and ramifications to MUSIC proprietary forms.
• Understanding of the profit & loss for the lines of business as well as classes of business. Participates in analysis to aid Managers on what is needed to improve the profitability and production by providing recommendations and support to drive the activity required.
• Supports Profitable Growth initiatives by analyzing marketplace products, coverages and pricing and shares the data with key stakeholders accordingly.
• Supports analysis and governance of Property Aggregates and Guidelines for continued and improved Profitability. Supports Class and Line of Business Profitability Analysis and Guidelines for continued and improved Profitability.
• Receives, researches and addresses underwriting, form or process questions from Brokerage, Binding, corporate underwriting, utilizing underwriting expertise to suggest the most appropriate solution or course of action in a timely manner.
• Actively participates in supporting predictive model efforts as well as reporting and hazard monitoring.
• Works with their Manager, MUSIC University, Binding, and Brokerage to create and provide educational materials and training programs for agents and UW personnel to ensure thorough understanding of underwriting guidelines, issues and controls.
• Partners with Claims and Legal to address possible verbiage changes to our forms, changes in UW Guidelines and recognize emerging issues in order to assure continued profitability.
• Attends Industry events such as State Surplus Lines Meetings, in order to anticipate the product development and pricing needs of the book - in order to maintain profitability. Active in recognition of Emerging issues and the impact on our book.
  
  

Qualifications

Knowledge and Requirements

• Strong technical underwriting knowledge required.
• Strong working knowledge of ISO.
• Ability to research and analyze coverage.
• Good communication and collaboration skills.
• Ability to manage a project.
• Pro-active; driven; takes initiative.
  
  

Education And Experience

• College degree preferred.
• 10 years Commercial Underwriting experience.
• The following experience is preferred:
• 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.
  
  

Total Rewards

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 paid time off plans. Additional details about our total rewards package will be provided during the recruiting process.

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 $92,000.00 - USD $127,000.00 /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.