Vice President, Advanced Analytics (Hybrid)

At 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 2023 and certification as a Great Place to Workin 2023.

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. Employees receive comprehensive total rewards packages - including competitive compensation and performance awards, health benefits, and retirement savings - and professional development opportunities and flexible schedules to support their health, wealth, and well-being. Join our team and help make a difference.

Selective Insurance is recruiting for a Vice President, Advanced Analytics that will be responsible for developing and maintaining the advanced analytics strategy, leading the Advanced Analytics team, and integrating advanced analytics into the insurance operation in order to deliver insights, improve efficiencies, drive strategic and tactical decision making, and improve outcomes. Partners with business leaders and stakeholders and Information Technology (IT) colleagues to develop new use cases and implementations of predictive analytics. Leads the ongoing evolution of our enterprise advanced analytics capabilities. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Job Responsibilities

• Leads the Advanced Analytics team in the development, maintenance, and execution of complex statistical analysis and advanced analytics solutions, with oversight of all operational and actuarial loss modeling, in support of the achievement of company long-term strategies and near-term objectives.
• Partners with business leaders to understand challenges and proactively identify opportunities to integrate analytics into the insurance operations to improve operational efficiency, operational effectiveness, and decision-making capabilities. Leads the creation, prioritization, and development of business use cases and the implementation of practical solutions in alignment with the business strategy and operating plans.
• Develops the vision for the modeling and analytics landscape at Selective to meet shifting business demands and industry dynamics. Enhances Selective's advanced analytics capabilities through the exploration and application of new and innovative techniques, including the exploration of use cases for generative Artificial Intelligence (AI).
• Partners with a wide variety of key stakeholders and IT to optimize the advanced analytics lifecycle, improve overall productivity, and increase overall capacity and capability of our people, data assets, and technology. Evaluates new external data sources in partnership with IT for use in modeling efforts, maintaining high standards for data quality and ethical considerations.
• Responsible for defining, maintaining, and monitoring key success metrics associated with advanced analytics models to ensure models are effective and unbiased, and recognize when adjustments are needed to drive the desired business outcome. Leverages business expertise to understand and convey appropriate usage of model outputs and where potential for error lies. Effectively communicates implications and recommendations to business stakeholders to produce positive business outcomes that drive company strategy.
• Serves as a voting member and thought leader on the Big Data & Model Governance Committee.
• Monitors developments in the insurance industry and remains current on applicable regulatory matters and best practices, with emphasis in the realms of data privacy and model governance.
• Responsible for leading, supervising, and coordinating the efforts of the Advanced Analytics team to ensure that the timeliness and quality of Advanced Analytics solutions meet stakeholder expectations and service and performance levels.
• Develops, coaches and mentors team members. Looks for opportunities to utilize cross-functional training and rotational task or job responsibilities to provide growth opportunities for staff.

Job Qualifications

• College degree in Mathematics, Statistics, Economics, Business or related field preferred.
• 10+ years of Property/Casualty actuarial experience.
• 5+ years statistical modeling experience preferred.
• 5+ years management experience preferred.
• Associate or Fellow of the Casualty Actuarial Society.
• Strong analytical and problem-solving capability.
• Excellent networking and relationship building skills; proven ability to interface with senior management.
• Self-starter with strong project management skills.
• Proven leadership skills.
• Detailed working knowledge of statistical analysis techniques.
• Proficient use of data analytic software tools (e.g., Excel, Access, SQL, PowerBI).
• Experience using statistical modeling software (e.g., R, Python, AzureML).

Salary range:$180,600 - $270,900. 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 the candidate's qualifications and experience.

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. Selective maintains a drug-free workplace.