Finance & Insurance Risk Manager - GROWMARK, Inc. - Bloomington, IL

SALARY RANGE: $105,150.00 - $144,537.50

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

Advises GROWMARK and the FS System on risk management practices and assists in determining their insurance needs.

SUPERVISION & LEADERSHIP

Leads the Risk Finance & Insurance team.

ESSENTIAL JOB FUNCTIONS

Responsible for on-site visits to GROWMARK and the FS System to advise general managers and other personnel on their insurance coverages and risk management needs, oversee property surveys, and review property valuations.

Develop an in-depth understanding of property and casualty lines of coverage to answer questions and build or improve a risk transfer framework.

Monitor, analyze, and manage complex claims while supervising the Claim Consultant’s caseload.  Collaborate with Safety & Environmental Services to develop loss prevention programs based on claim trends. Help establish retention levels in the various insurance programs.

Review contracts for insurance requirements and recommend insurance policies or changes in contracts as needed. Oversee preparation of certificates of insurance to meet contract requirements.

Maintain and update records needed for insurance policy renewals and prepare renewal applications and submission materials. Participate in underwriting meetings with carriers and internal stakeholders.

Negotiate insurance premiums and policy language for property and casualty insurance, marketing the policies as needed.

Oversee implementation of business recovery plans for the FS System.

OTHER JOB FUNCTIONS

Give presentations to different audiences across the FS System about insurance and risk management best practices.

Follow GROWMARK’s Code of Conduct and Corporate Compliance Program, Environmental Health and Safety, OSHA and DOT policies and procedures, as they apply.

Encourage, support, and promote innovative practices, ideas, and technologies within the team.

Perform all other duties as assigned.

REQUIREMENTS

Requires a bachelor’s degree with a major emphasis in insurance, business, finance or equivalent and at least 10 years of advanced commercial property/casualty insurance related experience.

Master’s degree or higher level of education is preferred.

Prior supervisory experience is preferred.

Requires an Illinois Property/Casualty Insurance Agent’s license and other states as requested or the ability to obtain.

An Illinois Health Producer’s License may be required.

CPCU, ARM, CIC or other professional insurance designation is required. If this is not possessed at the time of hire, candidates may be given twelve (12) months to obtain a designation.

Requires advanced understanding and experience with evaluating insurance exposures, risk finance, claims analysis, data collection and management, and mathematical skills.

Demonstrates essential abilities including business knowledge, collaboration, communication, customer focus, decision making, and skill development.

Insurance agency, brokerage or insurance company experience is preferred. Knowledge of the GROWMARK system is preferred.

Requires proven professional communication, persuasion, presentation, and customer service skills.

Requires demonstrated analytical, planning, organization, problem-solving, critical thinking, time management, leadership, and attention to detail skills.

Requires team building skills and ability to work independently and in a team-oriented environment.

Requires the ability to lead a team of insurance professionals, helping them as needed while motivating and inspiring them.

Requires computer skills including Word, Excel, PowerPoint, Teams, and Outlook. Prior experience with Riskonnect or other RMIS system is preferred.

Requires a valid driver’s license and acceptable driving history with ability to travel independently and overnight.

Occasionally exposed to extreme weather conditions and contact with chemicals and/or dust which requires use of personal protective equipment.

May be required to work extended hours.

Requires ability to maintain complete confidentiality.

Ability and willingness to participate in required training that may include, but is not limited to, education on GROWMARK’s policies and procedures and additional insurance or leadership training as it relates to the requirements of the position.

At GROWMARK, we are dedicated to supporting the long-term financial well-being of our employees through a fully funded pension, a cornerstone benefit that ensures security for the future. We offer a comprehensive benefits package that includes medical, dental, vision, and life insurance, along with a variety of supplemental plans like accident, critical illness, disability, hospital indemnity, and identity theft protection. To promote a healthy work-life balance, employees enjoy generous paid time off (PTO), paid holidays, and parental leave, giving you time to recharge and focus on what matters most. Additionally, our 401(k) plan with company matching helps you plan for retirement, while our free Employee Assistance Program (EAP) supports your overall well-being. Whether you're starting your career, balancing family life, or planning for retirement, our company is committed to providing employees with a comprehensive and competitive Total Rewards package that meets your needs at every stage. Benefits eligibility may vary depending on the position.

Actual compensation will be determined based on experience, location, and other factors permitted by law.  In addition to base pay, certain roles may be eligible for bonuses, incentives, and commissions.

We are an equal opportunity employer, including protected veterans and qualified individuals with disabilities. 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.