Crop Insurance Analyst

AmericanAg™, global provider of diversified reinsurance services, is looking for a Crop Insurance Analyst to work out of our office in Schaumburg, Illinois. This is a hybrid position working in the office three days a week.

This is a market facing role that will interact with American Farm Bureau Insurance Services, Inc. (AFBIS), the Farm Bureau® insurance companies, crop reinsurance brokers, and other business partners. This position may also work with AmericanAg™ Accounting and Contracts departments. 

Reporting to the Crop Insurance Manager, the Crop Insurance Analyst will contribute to the effort to profitably grow AmericanAg™’s crop insurance portfolio by analyzing and evaluating the crop insurance products written by AmericanAg™. The position offers the opportunity to work on a wide variety of projects utilizing a diverse range of actuarial, accounting, and analytical skills.

Specifically, the Crop Insurance Analyst will:

• Participate in the review and implementation of the crop insurance business plan, including determining the profitability of crop and livestock business
• Research and evaluate new opportunities to profitably grow crop and livestock insurance
• Assist in the development and implementation of the Farm Bureau® and independent agent strategy to grow crop and livestock insurance
• Contribute to the marketing of AmericanAg™ to Farm Bureau® and independent agents
• Provide technical expertise and recommendations for AmericanAg™ and Farm Bureau® MPCI and livestock fund designations
• Evaluate and maintain AmericanAg™ crop hail and private product rates and assist in rate filings
• Develop an understanding of the accumulation of all crop insurance business, both direct and assumed reinsurance, and work with others to determine appropriate exposure management of the business
• Support the crop insurance operations of AmericanAg™ by creating and maintaining reports for internal and external partners

What is needed for this role:

• Bachelor’s degree or equivalent experience
• Strong analytical and problem-solving skills
• Experience using Excel and SQL to extract and analyze data
• Insurance or reinsurance knowledge/experience
• Strong communication, organization skills, and attention to detail

Preferred knowledge/experience:

• Crop-related insurance knowledge, along with crop insurance pricing and/or crop insurance accounting
• Knowledge of commodity markets
• Rate filing experience
• Experience evaluating profitability and maintaining insurance portfolios

The expected starting salary range for this position is between $70,000 and $90,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual productivity bonus.

Who We Are

Since 1948, AmericanAg™ has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com

Reasons to Consider AmericanAg™ 

At AmericanAg™, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.

AmericanAg™ offers a competitive benefits package for employees and eligible dependents that includes medical, dental, vision, life, and disability insurance; company-funded cash balance retirement plan and 401(k) retirement plan; Flexible Spending and Health Savings Accounts; paid holidays, vacation, and sick time; Paid Parental Leave, Employee Assistance Program; and other benefits. Click here to learn more. 

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