E&S Product Development Specialist - 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.

Supports profitability improvement and profitable growth initiatives. Leads development of new products and/or product revisions which include multi-line and national responsibilities. Works with underwriting for new product focus and/or revisions. Coordinates the business team in executing the strategic direction of the operation related to creating and marketing of new products. Acts as a liaison with E&S Underwriting, Actuarial, Compliance, Legal and Claims in the development process for new and/or revised products. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

• Leads in the development of new products and/or product revisions through project management of product development life cycle, from product idea/concept charter through to the product launch.
• Partners with Underwriting, Actuarial, Legal, Claims, Reinsurance, Communications, and GA Support Staff to ensure proper product development and execution aimed at the desired customer segments, groups, or markets. Collaborates with the Business Analyst regarding business requirements.
• Assesses the competitive landscape. Analyses and interprets competitor data, products, and industry information in order to identify underwriting, pricing, coverage and new product opportunities to be considered for enhancement of our profitability.
• Responsible for project management comprising new product development as well as enhancements to existing products. Identifies and monitors key success and financial factors in the development of new products and/or the revisions of current products.
• Supports underwriting in efforts to expand the business through new product development. Prioritizes product development projects with input of core stakeholders. Cross-functional collaboration includes: Underwriting, Actuarial, Business Services Unit (BSU), Legal, Claims, Quality Assurance (QA) and Operations.
• Leads in the execution of the product launch, taking into consideration communications, Underwriting controls, pricing, agent feedback and training. Works with Underwriting and Quality Assurance (QA) to create educational materials and training programs for new products or enhancements for internal and external customers to ensure thorough understanding of products and services.
• Analyzes existing proprietary endorsements for revisions and develops new proprietary endorsements as needed to address profitability concerns. Prepares endorsements in manner to ensure language and format is compliant, clear and concise in accordance with established controls.
• Provides exceptional customer service to core stakeholders; including: Underwriting, Actuarial, Business Services Unit (BSU), Legal, Claims, Quality Assurance (QA) and Operations.

Knowledge and Requirements

• Strong technical underwriting knowledge.
• Working knowledge of ISO.
• Ability to research and analyze coverage.
• Ability to create proprietary forms.
• Ability to drive product development initiatives and collaborate with core stakeholders.
• Excellent customer service, networking and relationship building skills.
• Strong problem-solving ability.
• Ability to manage a project.
• Pro-active, driven, takes initiative.
• Strong collaboration skills.
• Excellent presentation skills.
• Strong sales and negotiation skills.

Education and Experience

• College degree preferred or the following equivalent experience:
• 5+ years Underwriting/Claims/Loss Control or other insurance-related experience;
• 3+ years in Commercial Underwriting or agency 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.