Reference #: dc78af9d-b6fe-4917-a4fc-e1104ab187ff
DescriptionAt Selective, we don't just insure uniquely, we employ uniqueness.
Our Business
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.
Working at Selective
At Selective, we don't just insure uniquely - we employ uniqueness. 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.
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.
Supports the company's Contract Binding Division by underwriting renewal business. Through direct interaction with our General Agency base, administers and monitors underwriting guidelines in accordance with a stated letter of authority. Reviews agency book of business for pricing, policy retention as well as profit/growth results and trends. Provides superior service and guidance to General Agents. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Effectively gather, analyze and evaluate Renewal risk exposures using available resources (e.g. application, survey reports, loss history, industry publication such as SAGE, data Cube, IRMI, Crime/Wildfire scores and A.M. Best) providing appropriate risk documentation.
Apply knowledge and understanding of coverage forms, rating plans and guidelines in the selection and pricing of individual risks. Ensure adequate pricing of individual risks through proper classification, accuracy of information and adherence to company underwriting standards and philosophy.
Work within specific authority level to review, modify and approve Renewal risks within territorial assignment in accordance with accepted underwriting guidelines. Work in unison with managing General Agents and other departments to retain a profitable book of business.
With a high degree of professionalism, provide guidance to General Agents and other departments regarding various underwriting information. Effectively communicate underwriting decisions and appetite to agents within assigned territory. Reinforce the ease of doing business with MUSIC by meeting or exceeding agent expectations and service quality on a consistent basis.
Develop and maintain effective working relationships with internal and external customers. Communicate openly and in a timely fashion. Participate in the development of team goals and work diligently to achieve them. Support all team decisions.
Conduct continuous profit and growth analysis by territory and agency as assigned. Monitor premium retention with the use of electronic reporting tools. Provide internal reports for management staff as required.
Must be able to drive an automobile to occasionally travel within territory. Car travel represents approximately 10% of empl yee's time.
Provides technical advice to lower-level associates and other functional areas.
Requirements and Qualifications:
Demonstrate proficiency in usage of all supplied desktop tools, including the automated underwriting and email systems.
Demonstrated ability to effectively communicate with internal and external customers/peers.
Demonstrated ability to adapt to change as the company moves forward in its strategic vision.
Must have valid state-issued driver's license in good standing and be able to drive an automobile.College degree preferred.Must have 3-5 years of underwriting experience.
The expected starting salary range for this role is$54,000 - $85,000. 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.
Selective maintains a drug-free workplace.
#LI-TT1
#LI-HybridSelective 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.