at GROWMARK, INC. in Bloomington, Illinois, United States
Job Description
GROWMARK is an agricultural cooperative serving almost 400,000 customers across North America, providing agronomy, energy, facility engineering and construction, and logistics products and services, as well as grain marketing and risk management services. Headquartered in Bloomington, Illinois, GROWMARK owns the FS trademark, which is used by its member cooperatives. GROWMARK also owns and operates SEEDWAY, the largest full-line seed company in the United States. More information is available at growmark.com.
See what it's like to work at GROWMARK:https://youtu.be/CSVMnKCySsY
PURPOSE AND SUMMARY STATEMENT
This position manages the day-to-day operations of FS Insurance Agency, which includes processing payments, budgeting, monthly reconciliations, premium allocations, assigning training, and licensing.
ESSENTIAL JOB FUNCTIONS
Monitors, processes, and uploads incoming certificates of insurance and updates SAP and Riskonnect. Works with Logistics and Dispatch to clear blocks in SAP.
Assists with Riskonnect maintenance and updates as needed.
Processes invoices from insurers and service providers.
Invoice GROWMARK Wholesale, Retail Divisions, and Member Companies as needed for services rendered.
Perform a monthly commission reconciliation.
Develop a large loss accrual for large claims, tracking when reserves are posted and payments are made. Sending updates to Wholesale and Retail Divisions.
Calculate loss ratios as needed for allocating insurance premiums.
Perform insurance premium allocations using models, while improving and updating the models as warranted.
Update the workers' compensation file monthly with claims activity.
Collaborates with Canada in calculating the Cooperators Patronage Refund annually.
Maintain the General Liability Sales and Master Payroll files.
Monitor and maintain the licenses for FS Insurance Agency and all of the licensed agents in the Agency.
Develop an annual budget for insurance premiums and commissions for the Agency.
Assign driver training and issue driver exclusion letters as needed. Run MVRs when necessary.
OTHER JOB FUNCTIONS
Develops professional working relationships with business areas, customers, and vendors.
Improves existing processes and models as warranted to increase efficiency, transparency, and clarity.
Actively engages with the Risk Finance & Insurance, Safety & Environmental Services, and Safety & Environmental Engagement teams to understand changes that are occurring and contribute to shared objectives as needed.
Follows GROWMARK's Code of Conduct and Corporate Compliance Program, Environmental Health and Safety, OSHA, and DOT policies and procedures, as they apply.
Performs all other duties as assigned.
REQUIREMENTS
Normally requires a Bachelor of Science degree in finance or accounting or the equivalent thereof, and 3 years or more of finance or accounting-related work experience.
May require a Property & Casualty license.
Demonstrates essential abilities including business knowledge, collaboration, communication, customer focus, decision-making, and skill development.
Have proven computer skills including Excel and Tableau and the ability to use the computer to enhance business processes.
Must have and maintain a valid driver's license and satisfactory driving record. Must have and maintain a valid passport and have the ability to travel independently and overnight when necessary.
Ability and willingness to participate in required training that may include education on GROWMARK's policies and procedures and additional training as it relates to the requirements of the position.
Employment may be contingent upon receipt of an acceptable and job-related background check, drug test, motor vehicle report, and/or reference check, as applicable and permissible by law.
We are an equal opportunity employer, including protected veterans and qualified individuals with disabilities.
