Board of Governors Outside Board Member FCS Captive Insurance Company

POSITION OVERVIEW

If you’re looking to apply your insurance expertise in a meaningful, high‑impact leadership role, consider joining the Farm Credit System (FCS) Captive Insurance Company’s Board of Governors. We are seeking a diverse pool of qualified candidates for a four‑year Outside Director appointed role. To ensure independence, applicants must not be employed by or serve on the board of a Farm Credit Bank or Association.

Ideal candidates will have experience in at least one of the following areas:

• Insurance Underwriting
• Insurance Brokerage
• Risk Management
• Actuarial

As the highest leadership body of the organization, the Board of Governors is responsible for overseeing the Captive’s business strategy and operations. The Board of Governors establishes the general policy direction for the Captive including underwriting and investment policies as well as administration of claims and establishment of general policies concerning the day‑to‑day management of the Captive’s affairs. The Board reviews the operations of the Captive including the oversight of the Attorney‑in‑Fact.

While day‑to‑day operations are led by the Attorney‑in‑Fact, FCCS, the Board/Attorney‑in‑Fact relationship is a partnership, and the appropriate involvement of the Board is critical.

The Outside Board Member is compensated through an annual retainer of $30,000‑35,000 and travel expense reimbursement. Physical attendance at two scheduled in‑person board meetings and virtual attendance at an additional two Board Meetings and approximately four committee meetings is expected annually. The two in‑person meetings are held in approximately March and September/October each year in a various locations. The in‑person meetings are two days.

In addition, there are three virtual two‑hour meetings in January, May, and December and approximately four virtual committee meetings (quarterly) lasting 1‑2 hours each.

• An understanding of Risk Management and Insurance is required
• Candidates must not be a current or former director, officer, employee, agent or stockholder of a Farm Credit System institution; or former officer or employee of FCCS
• Ability to serve a 4‑year term is required
• Willingness to travel for in‑person meetings
• Must have experience in either insurance underwriting, brokerage, risk management or actuarial science.
• Experience in captive insurance is a strong plus.
• Exceptional strategic thinking and analytical skills
• Experience with strategic planning processes
• An ability and willingness to effectively challenge the thinking of one’s peers
• Familiarity and general knowledge of cooperatives, risk management, agriculture, and agribusiness is helpful, but is not required
• Previous or current board level experience is desired

For more information about the Farm Credit System Captive and FCCS, please visit

FCCS is an equal opportunity employer (EOE).