IT FP&A Manager (Hybrid)

At Selective, we dont 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.Selectives 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 dont 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.

Summary:

Selective has a fantastic opportunity for an experienced leader to join our team, providing strategy, direction, and leadership on all key IT Financial Management and Planning (ITFM) processes and deliverables. Ownership of key processes include strategic planning, budgeting, forecasting, tracking actuals, and variance analysis. The leader we seek will also ensure processes are efficient, effective, and follow best practices while also providing team oversight, employee engagement and talent development of ITFM staff members.

This position reports to the AVP, Transformation Office, a newly formed function accountable for implementing a product and customer centric model at Selective. The IT FP&A Manager will lead the adoption of modern financial practices that align to a product funding model. We are looking for someone who can own the current state processes, set a target state vision, and then lead the changes required to transform our financial practices, processes, and systems.

Responsibilities:

• Leads the annual IT budget development process, including the establishment of the milestone plan and key dates, meets with key budget stakeholders, monitors progress, and prepares the submission for approval. Coordinates with external stakeholders as appropriate, including Financial Planning, Accounting, and the executive leadership team.

• Leads the monthly budget review processes (variance, accrual, and forecasting). Monitors the overall IT spend and participates with key stakeholders in analyzing actual to budget performance and forecast implications. Provides reports to IT senior management and recommends accruals as appropriate.Manages the repository for budget forecast and variance review documents, as required.

• Contributes to the creation and management of a rolling three-year IT financial planning forecast.

• Leads planning and monthly review of IT Strategic funding including quarterly prioritization with Business Owners.

• Manages and maintains the IT-specific vendor invoicing process. Supervises inquires, including investigation, escalation, and resolutions of any invoice discrepancies. Ensures IT-specific invoicing is aligned to established contracts and contract terms and conditions and that effective processes and procedures are being utilized.

• Defines, assesses for optimization, ensures awareness, and escalates deficiencies related to IT-specific budget planning, budget management, variance analysis, accrual management, and forecasting processes.

• Assesses the use of technologies in support key IT Financial Management processes and makes recommendations to optimize the use of technology in existing processes and automation of manual processes.

• Ensures the provision of relevant financial data required to support IT reporting and metrics and to assist in any applicable audit processes.

• Trains, supervises, assigns projects to, evaluates and is responsible for hiring/termination of staff to maintain optimum performance of job duties.

• Interfaces with external industrial and academic organizations to maintain current best practices knowledge across all areas of accountability.

• Ensures all processes, practices, and materials are prepared in accordance with company policies and applicable law.

Qualifications:

• Strong knowledge of all aspects of financial management, budget planning and management, and action planning are required for successful performance. Very strong conceptual, analytical, judgment, communication, collaboration, and leadership abilities are critical.

• Excellent verbal and written communication skills

• Must demonstrate initiative, exercise good judgment, strong profit orientation, and have the ability to achieve results through others.

• BA/BS in Business Administration, Accounting, Computer Science, Information Systems Administration or related field

• Masters in Accounting, Information Systems, or MBA a plus.

• At least 7 years in finance, preferably with a focus on IT finance, budget management, or other applicable area.

• Experience leading small cross-functional team required. Industry experience preferred.

Salary range: $131,600 – $188,000. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selectives footprint. Additional considerations include the candidates qualifications and experience.

Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace.

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