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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.

This role will support the IT management teams in the development and monitoring of budget expenses, capital, performance metrics and unit costs. While also assisting the Corporate Controllers organization in the development of general ledger monthly accruals adjustments.

The person in this will will also be responsible for facilitating the modification and enhancement of the existing IT planning/forecast application and user interface tools and planning/forecasting calendars. Conducting monthly expense variance review meetings with each organization.

• Assist IT Leadership teams in the preparation of the annual budget presentations to the Operating Committee and subsequent forecasts as needed.
• Lead in the design/maintenance of TM1-based budget tools for IT/BSU use. Includes testing of modification/enhancement of TM1 cubes and end-user templates. Emphasis on maximizing automation and controls around end-user tools and data flows.
• Coordinate the annual budget, forecast and variance reporting processes with the IT leadership teams. Involves development of budget/forecast calendars and scheduling of budget variance reporting meetings.
• Provide guidance to IT cost center managers in the development of budgets and forecasts. Provide analysis of major drivers of change in budget/forecast to IT leadership teams. Provide reporting as needed.
• Conduct monthly expense variance review meetings with IT management teams. Includes preparing monthly expense reports and working with cost center managers to identify reasons for expense variances.
• Liaison between Financial Planning department and with IT, Financial Accounting, and Human Resources.
• Data reconciliations between TM1, PPM and general ledger.
• Provide relevant financial data required to support IT reporting and metrics.
• Other tasks assigned as needed to assist the Financial Planning team in the normal course of business.

Knowledge and Requirements

• Knowledge of the IT/BSU Organization department structures and budgeting is preferred. Ability to effectively use the general ledger system, MS Excel, Power Point, and budgeting tools. Understanding of Financial Analysis and Accrual Accounting.

Education and Experience

• College degree in Accounting, Finance, Business Administration or related field preferred.
• 5 or more years work experience as a Budget or Financial Analyst, Accountant or equivalent experience.

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.

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.