Senior Agricultural Underwriter - Crop Insurance [PR0001B]

ProSidian Seeks a Senior Agricultural Underwriter - Crop Insurance (Contract) in CONUS - Varies to support an engagement for A Department of the United States Federal Govt. that is primarily responsible for developing and executing federal laws related to farming, forestry, and food. It aims to meet the needs of farmers and ranchers, promote agricultural trade and production, work to assure food safety, protect natural resources, foster rural communities and end hunger in the United States and internationally. 

The ProSidian Engagement Team Members work to provide full evaluation of the Onion Crop Insurance Program provided by the United States Department of Agriculture. It will require advanced knowledge of crop insurance to determine what factors may affect policy performance. Will work with Actuarial Analyst to conduct statistical analyses, evaluate current policies and procedures, and write up the Final Issues Evaluation Report regarding the Onion Crop Insurance Program and Pilot Onion Stage Removal Option.

Senior Agricultural Underwriter - Crop Insurance Candidates shall work to support requirements for PR0001 Program Evaluation and Utilize knowledge of crop insurance industry to evaluate USDA onion crop insurance program.

• Review current policy and national data to assess program rating, pricing procedures, and underwriting guide.
• Utilize expertise and knowledge of available data including but not limited to: risk modeling. insurance product design, costs associated with production and marketing of the crop, patterns of loss and regional differences, and adequacy of the premium rates relative to insurance experience to create an evaluation and recommendation for the Onion Crop Insurance Program and Pilot Removal Option.

The Senior Agricultural Underwriter - Crop Insurance is responsible for the data analysis and preparation for the Onion Crop Insurance Program and Onion Removal Pilot Issues Evaluation Report. Major job responsibilities are categorized in six areas: 1) Industry Research, 2) Insurance Experience, 3) Policy Content and Structure, 4) Rating Sufficiency and Analysis, 5) Pricing Analysis, and 6) Plan of Insurance. Specific job tasks include but are not limited to working with Actuarial Analyst to create statistical summaries to provide a scope of the crop program and each region (insured liability to total crop value, total liability, loss ratios, among others); determine if there are any discrepancies between the policy provisions, procedures, current practices, and technology in the industry, and identify any policy vulnerabilities and weaknesses; perform an independent evaluation of the prices established for the insured commodity; and prepare statistical summaries of county average yields.