What are the responsibilities and job description for the Account Manager II position at FM Global?
More information about this job:
Overview:
FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000- size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Responsibilities:
Duties: Perform insurance servicing and underwriting activities on existing accounts and for underwriting of new business. Responsible for managing multiple client accounts. Serve as the Account Team Leader or Manager of the Account. Serve as key/primary interface with clients/brokers on all aspects of the account including insurance products and services, engineering and claims services. Maintain a profitable book of business by effective use of sales techniques, client relationships, risk assessments, application of sound underwriting principles and creative use of underwriting resources. Ensure premium growth by retaining existing clients through value added service, by selling additional product lines and by establishing equitable terms and conditions on new accounts introduced by sales executives. Ensure policies accurately reflect both the insured's and FM Global's intent of coverage. Provide professional advice and consultation to all clients on insurance coverages and risk management matters, making them aware of the benefits derived from various products and services offered by FM Global. In conjunction with Account Engineers, establish risk improvement priorities and support efforts to obtain client compliance with loss prevention recommendations. Protect FM Global's assets through creative use of company underwriting programs and adherence to published guidelines which include: Linesetting Techniques, Judicious Purchase of Reinsurance (where warranted), Timely Issuance of Binders and Policies, Catastrophe Aggregate Analysis, M.F.L. Analysis and Cross Liability Checks. Collect outstanding premium balances in a timely manner to meet Operation's goals and objectives. Provide leadership to the overall FM Global account team, ensuring that the Account Business Plan is implemented effectively and efficiently.
Qualifications:
Requirements: Requires Bachelor’s degree in Engineering, Fire Protection Engineering, Risk Management or related field, and 3 years of experience in any job title/occupation/position involving servicing or underwriting large property accounts in the insurance or reinsurance industries. Experience specified must include 3 years of experience with each of the following: general loss prevention engineering terms and concepts; risk identification and quantification, including interdependencies and business impact; evaluating natural hazards and associated fire perils hazards; providing clients with customized engineered protection solutions to minimize exposures; prioritizing exposures on a location basis, and classifying facilities by insurance requirements as highly protected risk or non-highly protected risk; and M.S. Office (Word, Outlook, PowerPoint and Excel). Requires 20% domestic travel. Telecommuting permitted up to 2 days a week in accordance with company policy.
Employer: Factory Mutual Insurance Company
Work Location: One Cowboys Way, Frisco, TX 75034