Insurance and Compliance Specialist

Full-time - Mid Level

Hybrid - Brighton, IL

About the position

The Insurance and Compliance Specialist at UnCommon Farms LLC is responsible for managing commission tracking, payouts, and reconciliation within the Insurance Solutions department. This role ensures adherence to federal and state regulations while maintaining agent and compliance files, collaborating with insurance providers, and providing essential data for budgeting and financial analysis. The position offers a flexible work environment with opportunities for remote or hybrid work.

Responsibilities

• Track, verify and reconcile all commission payments received and paid.
• Monitor AIP commission payments, ensuring timely and accurate processing.
• Ensure agent and agency compliance with federal and state crop insurance regulations.
• Maintain and update agency and agent licensing files and contracts.
• Collaborate with AIPs to confirm timely insurance premium payments.
• Prepare and submit annual financial and compliance reports as required.
• Provide data for budgeting, P & L analysis, and other financial reports.
• Ensure adherence to third party insurance contracts and agreements.
• Maintain knowledge of the Crop Insurance Ineligible Tracking System (ITS) for regulatory tracking purposes.

Requirements

• Bachelor's degree in finance, accounting, or related field, preferred
• Minimum of 3 years' experience in crop insurance accounting, finance, or related field
• In-depth knowledge of Crop Insurance Approved Insurance Provider (AIP) contracts
• Foundational knowledge of the Crop Insurance Ineligible Tracking System (ITS)
• Basic understanding of the crop insurance cycle, including policies, premium payments, and claims processing.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid parental leave
• Paid time off
• Parental leave
• Tuition reimbursement
• Vision insurance