Selective Insurance · 2 days ago
SVP, Claims Finance, Analytics, & Operations (Hybrid)
Short Hills, NJ
Full-time
Hybrid
Senior Level, Lead/Staff
$241K/yr - $332K/yr
10+ years expSelective Insurance is a midsized U.S. domestic property and casualty insurance company recognized for its strong financial performance. They are seeking a Senior Vice President for Claims Finance, Analytics & Operations to drive data-informed decision-making, financial analysis, and operational reporting across key claim initiatives.
FinanceFinancial ServicesInsurance
Responsibilities
Collaborates with business and actuarial leadership to develop and implement strategies that balance long-term growth, profitability, competitiveness, and risk management. Ensures that financial management and operational data analysis and insights are tailored to meet the specific needs and challenges of claims
Establishes and monitors operational benchmarks to evaluate Claims efficiency and effectiveness, including customer service, employee work environment, and quality. Provides strategic direction to Claims leadership through analysis, forecasting, and performance reporting tied to key initiatives. Supports prioritization and business case development for strategic and tactical Claims programs, ensuring alignment with broader business objectives
Creates annual operating plans and budgets for Claims. Performs’ variance analysis to compare actual results with budgets and forecasts, identifying areas for improvement and taking corrective action
Leads the development of key claims metrics which may include advanced operational modeling (for example, staffing models or productivity forecasts). Maintains a comprehensive understanding of claims data to ensure actionable, data-driven insights
Leads initiatives to streamline workflow processes and identifies cost-saving opportunities that enhance service quality. Ensures business decisions are informed by a clear understanding of financial and operational implications. Establishes operational benchmarks and continuously monitors and reports on operational efficiency and effectiveness relative to those benchmarks
Owns and manages claims-related risk, developing and executing mitigation strategies tailored to the Claims function. Represents Claims in the Enterprise Risk Committee and partners closely with Enterprise Risk Management to align enterprise-wide risk practices with Claims-specific needs. Accepts and assumes operating risks on behalf of the Claims organization, ensuring accountability and resilience within the function
Ensures adherence to companywide policies, including procurement policy and expense guidelines. Keeps Claims disaster recovery and business resiliency plans updated to ensure they are current and effective
Fosters an environment that supports the growth and development of financial and operational data analysts, ensuring Selective has a robust pipeline of talent for future leadership roles
Contributes to the overall financial stability and success of the organization through careful collaboration with operations and functional leadership teams
Qualification
Required
Robust leadership and decision-making capabilities, with a proven track record of influencing others and driving organizational change
Exceptional analytical, problem-solving, and critical thinking abilities
Advanced expertise in financial analysis, insight development, and operational reporting
Superior oral and written communication skills
Bachelor's degree in accounting, Finance, or quantitative field; or equivalent (10+ years) experience
Extensive experience with P&C business operations and financial systems, with at least 5 years of conducting quantitative analysis
Preferred
MBA, CPCU, CPA, or other relevant professional designations preferred but not required
Benefits
Comprehensive health care plans
Retirement savings plan with company match
Discounted Employee Stock Purchase Program
Tuition assistance and reimbursement programs
Paid time off plans
Company
Selective Insurance
At Selective, we maintain a commitment to provide unique insurance solutions that help keep the families and businesses of our communities protected.
1001-5000 employees
H1B Sponsorship
Selective Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (45)
2024 (32)
2023 (43)
2022 (30)
2021 (29)
2020 (25)
Funding
Current Stage
Public CompanyTotal Funding
$400M2025-02-25Post Ipo Debt· $400M
1978-01-13IPO
Leadership Team
John Marchioni
President and CEO
Patrick S. Brennan
Chief Financial Officer
Recent News
2025-12-09
2025-11-11
Company data provided by crunchbase