Finance Trainee - Short Hills, NJ (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 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.

Learn the company's financial operations by successfully completing the training program, which includes on-the-job training, classroom training, and shadowing corporate functions outside of Finance. Trainees will learn basic principles of Finance through job rotations across the Treasury, Financial Planning & Analysis, Enterprise Risk Management, and Reinsurance groups. A trainee will be expected to learn the business and support more experienced finance professionals. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Note: (For NJ candidates) This role will be located at our future headquarters inShortHills, N.J. Until the new headquarters is operational, the successful candidate will be offered the ability to work in our Branchville, N.J. location during this interim period.

• Apply cash receivables, returns, adjustments for Billing and Reinsurance, working items timely and with accuracy
• Perform various Treasury duties such as unclaimed property administration, travel & entertainment expense administration, bank positive pay reconciliations, cash deposits, remote deposit, cash reconciliations, and other reconciliations/validations and analysis
• Assist with 90-day cash forecasting on a daily basis
• Support Financial Planning processes around quarterly forecasts and/or Annual Budget preparation
• Assist with month-end and quarter-end close processes.
• Review financial statements and reports for accuracy.
• Assist with external reporting to state insurance departments and the National Association of Insurance Commissioners.
• Advise management of any unusual trends, budget variances, difficulties obtaining information or other pending issues.
• Assist in various analyses pertaining to reinsurance program experience and financial reviews of counterparties.
• Compile, test, and analyze data related to both property and casualty exposures. Assist in research and monitoring of emerging risk issues and trends.

Knowledge and Requirements

Demonstrated ability to effectively communicate with internal and external customers/peers.
Must show sound, balanced and timely decision-making skills.
Knowledge of accounting and finance terminology and general application.
Demonstrated ability to use Microsoft Excel, Powerpoint, and Access applications.

Education and Experience

BA/BS in Accounting, Finance, Risk Management, Economics 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 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.

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.