Selective Insurance Looking for Accounting Policies & Procedures Specialist (Hybrid) at Branchville, NJ  Full Time

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.

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.

Job Summary

This position will be the primary individual responsible for the maintenance of accounting policies and procedures as well as accounting research efforts on both a Generally Accepted Accounting Principles (“GAAP”) basis and a Statutory Accounting Principles (“SAP”) basis. In addition, this position will play a major role in ensuring compliance with extensible Business Reporting Language (‘XBRL”) and assist with researching U.S. Securities and Exchange Commission (“SEC”) regulations. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Job Responsibilities

• Drive the department-wide initiative regarding accounting policy and procedure development.
• Coordinate and oversee annual accounting policy and procedure reviews/updates.
• Actively monitor and communicate activities at the Financial Accounting Standards Board (“FASB”), the National Association of Insurance Commissioners (“NAIC”), and the SEC.
• Drive GAAP, SAP, and SEC research projects leveraging resources from functional groups within Finance.
• Actively monitoring and coordinating activities as it relates to the records and information management policy and procedures within Finance to ensure all departments are adhering to the policy.
• Responsible for the selection of XBRL tags in response to updated taxonomies and new disclosure items.
• Responsible for quality control of the quarterly and annual documents filed with the SEC, and NAIC through the review of disclosure checklists, among other things.
• Ensure company compliance with GAAP and SAP.
  

Job Qualifications

• CPA is required.
• Bachelor’s degree in accounting required.
• 5-7 years of accounting experience required.
• Supervisory experience preferred.
• Significant knowledge of GAAP and/or SAP.
• Excellent written and verbal communication skills.
• Ability to manage resources in the completion of joint projects.
• Knowledge of account reconciliation, general ledger maintenance, and financial statements preparation.
• MS Office applications

The expected starting salary range for this role is$104,300 – $156,400. 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.

Selective maintains a drug-free workplace.

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