AVP, Assistant Treasurer (Hybrid)

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.

Provides leadership, vision, and direction to all aspects of the Treasury operations with a focus on ensuring timeliness, accuracy, regulatory compliance, and developing and implementing strategies to optimize financial operations. Manage (i) the development and management of systems for the effective, efficient, and timely consolidation, reconciliation, and forecasting of cash, (ii) payments of obligations, (iii) capital and liquidity planning, and (vi) negotiation and maintenance of corporate banking and other vendor relationships. Strategically drives continuous improvement in all areas of responsibility, establishes best practices, and partners with other parts of the business to ensure operational excellence. Ability to expand responsibilities over time. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

• Leverage technology and business process optimization to drive improved effectiveness and efficiency, including establishing KPIs, best practices, and enhanced analytics that drive better outcomes, in all areas of Treasury operations.

• Responsibility for compliance with debt covenants, documentation, monitoring and testing of internal controls for the Treasury area in accordance with Sarbanes-Oxley 404 requirements.

• Manage a team of Treasury professionals and maintain and enhance an engaging team culture with a focus on talent development to achieve strong operating performance.

• Maintain relationships with commercial bankers and other vendors and negotiate relevant agreements to ensure consistent value delivery.

• Manage annual Treasury budget and forecast.

• Monitor and assess capital structure and liquidity at subsidiary and holding company, evaluating cost of capital, risk criteria, rating agency constraints, etc.

• Responsible for liquidity risk assessment, including intercompany dividends, evaluation of contingent facilities, credit agreements, etc.

• Perform strategic and financial analysis, including researching and recommending solutions for capital and liquidity planning, capital markets transactions, capital structure optimization and capital deployment.

Knowledge and Requirements

• Strong knowledge and understanding of financial and banking operations, corporate finance, and accounting.
• Work experience in finance, accounting, corporate banking, or consulting with financial services sector focus preferred.
• MS office suite expertise.
• Must have a proven ability to drive change and enhance operational effectiveness and efficiency.
• Strong leadership and project management skills with an ability to granularly understand existing processes, strategically prioritize areas of focus, and effectively communicate a vision for expected outcomes.

Education and Experience

• Bachelor's degree in Finance or Accounting preferred
• MBA preferred
• CFA or CTP preferred
• 10+ years of experience in corporate finance, accounting or treasury.
• Leadership experience.
• Financial Services or Insurance industry experience preferred

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.