Insurance Coordinator

MFA Incorporated•Columbia, MO

99d

About The Position

The Insurance Coordinator directs the negotiation and procurement of property and casualty insurance coverage and coordinates and monitors related claims activity, including payment of claims and premiums. The role prepares accounting allocations for insurance premiums and claims costs and reconciles insurance-related general ledger accounts. Duties are performed in accordance with company policy. The coordinator works with MFA’s insurance broker, insurance carriers, claims processors, adjusters, MFA personnel, the agronomy department, store managers, and accounts payable to support policy renewals, assess insurance proposals, resolve claims and liability disputes, and ensure timely payments. The role also provides upper management with reports and advice on insurance matters, including financial, legal, and accounting implications of renewals and claims settlements.

Requirements

Bachelor of Science degree in business-related studies or equivalent experience.
Basic computer skills, or willingness to develop them.

Nice To Haves

Three or more years of experience in insurance, finance, or accounting fields.

Responsibilities

Coordinate with and provide information to MFA’s insurance broker to assist with renewals of corporate property and casualty insurance policies.
Evaluate proposals from the broker and different insurance carriers to determine appropriate premiums, deductibles, and coverage for renewals.
Provide upper management with reports and advice on insurance matters, including financial, legal, and accounting ramifications related to policy renewals and claims settlements.
Work with insurance claims processors, MFA’s broker, and MFA personnel to resolve property and casualty claims in a timely manner.
Coordinate with and provide information to insurance adjusters on claims processed by insurance companies.
Work with the agronomy department and store managers to resolve liability disputes with MFA farmers and customers in a timely manner.
Coordinate with accounts payable to ensure timely payment of insurance premiums and claims.
Prepare accounting allocations for insurance premiums and claims costs and reconcile insurance-related general ledger accounts.