Crop Insurance Product Development Manager

$80,000 - $105,000/Yr

American Farm Bureau Insurance Services - Raleigh, NC

Full-time - Mid Level

Raleigh, NC

About the position

The Crop Insurance Product Development Manager at American Farm Bureau Insurance Services, Inc. (AFBIS, Inc.) is responsible for creating and managing various crop insurance product projects. This role involves strategic initiatives, product development, policy maintenance, and ensuring compliance with regulatory requirements. The manager will play a crucial role in supporting the company's strategic objectives, increasing sales, and expanding product offerings in new and existing markets.

Responsibilities

• Managing the development of private products, crop hail products, and product enhancements.
• Preparing policy documents, forms, and other necessary documentation.
• Assisting in compiling and analyzing competitor's rates and rules.
• Researching and interpreting NCIS and state regulatory requirements related to crop insurance forms, data, and filings.
• Managing state insurance filings via SERFF for crop products from submission to approval.
• Serving as a liaison between NCIS, state insurance department, and various functional areas regarding department objections.
• Assisting other departments in developing training and promotional materials for adjusters, employees, and agents.
• Analyzing new insurance laws, regulations, and bulletins to determine applicability to existing products and to develop new crop insurance products.
• Revising and implementing underwriting guidelines, rules, and procedures.
• Partnering with IT to prioritize, implement, and enhance products into various operational systems.
• Coordinating with AmericanAg® and other Policy Issuing Companies serviced by AFBIS to assist with their crop insurance programs.

Requirements

• 6+ years of experience developing crop named peril, crop hail, and private crop products.
• 6+ years of experience managing insurance filings from submission using SERFF to approval.
• Knowledge of ratemaking and policy administration processes.
• Understanding of NCIS and state regulatory requirements related to crop insurance.
• Strong organization skills and attention to detail.
• Superior written and oral communication skills.
• Ability to manage deadlines and multiple projects and priorities.
• Excellent research, analytical, decision-making, and problem-solving skills.

Benefits

• 401(k)
• Dental insurance
• Disability insurance
• Employee assistance program
• Health insurance
• Health savings account
• Paid holidays