Sr. Regulatory Reporting Analyst (Remote) at Selective Insurance Company of America

United States

About Us 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 2025 and certification as a Great Place to Work® in 2025 for the sixth 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. Overview The primary responsibility of the Senior Regulatory Reporting Analyst is to determine and ensure the accurate and timely completion of state and regulatory reporting requirements to external state and national regulatory agencies, and other reporting bodies. This role maintains responsibility for compliance with all reporting requirements, including accurate data and timely response to ensure no fines are imposed. The position also includes effectively formulating and defining reporting requirements, and testing for product changes, enhancements, and bureau updates. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements. Responsibilities Responsible for the timely and accurate submissions of Commercial and Personal lines of business statistical and regulatory reporting requirements to state departments of insurance, ISO, MA CAR, SFAA, NCCI and independent Workers’ Compensation and other statutory and regulatory entities. Analyze the impact to regulatory reporting work processes due to new product offerings, systems changes, or changes to regulatory reporting requirements, and work in collaboration with various business areas, business analysts, IT, and other stakeholders throughout the organization to ensure data is reported in a timely and accurate fashion. Evaluate data discrepancies and data quality issues affecting reporting to identify the root cause, document and communicate requirements to resolve issues, perform user acceptance testing, and approve implementation of changes. Respond to internal inquiries, and regulatory and statistical organizations edits, criticisms, and inquiries from the within the required timeframe. Reconcile regulatory reported and financial data and analyze and investigate anomalies. Stay current with regulatory requirements by reviewing and analyzing regulatory bulletins and circulars. Develop and maintain effective relationships with external parties, including ISO, MA CAR, SFAA, NCCI and state WC bureaus, state departments of insurance and trade organizations as appropriate in the course of Selective and industry response to data calls, interrogatories and market analysis. Understand the usage and relevance of company data sources and policy and claims admin systems in relation to regulatory reporting and ensure availability of statistical data for all relevant data sources and lines of business. Ensure procedures and workflows are well documented and kept current, author / alter procedure documents as needed to address new requirements, product changes and statistical changes. Proactively review and evaluate internal processes for effectiveness and efficiency identify alternative approaches and implement solutions to enhance the consistency, quality and timeliness of reporting. Qualifications Knowledge and Requirements Excellent analytical and logic skills. Knowledge of commercial and personal P&C insurance products and insurance department requirements and processes. Proven ability to problem-solve independently, as well as work in a team environment. Intermediate to advanced Microsoft Excel skills required. Prior familiarity and experience with the ISO web-based edit package application desired. Knowledge of Financial Statements (Annual Statements, Statutory Page 14’s, and Insurance Expense Exhibits) desired. Excellent communication skills with the ability to work with others as a team player as well as independently on individual tasks and projects. Strong interpersonal and collaboration skills with the ability to achieve results within and across diverse organizational units and disciplines. Strong sense of individual ownership and accountability. Education and Experience College Degree or equivalent work experience. 7+ years previous work experience with a commercial Property and Casualty Insurance carrier 7+ years Statistical/Regulatory Reporting experience or equivalent experience required. The following are desirable (not required): CPCU coursework or IDMA certification Prior Actuarial or Accounting experience Strong familiarity with statistical coding a plus. Experience with SQL, COGNOS, or PowerBI Total Rewards 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 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page. 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. Pay Range USD $83,000.00 - USD $108,000.00 /Yr. Additional Information 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. For Massachusetts Applicants It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.