What are the responsibilities and job description for the Underwriter 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.
Our Chemical Operations has an immediate opportunity for an ambitious, intellectually curious and business savvy Underwriter, based in our Norwood, MA office. Are you ready to stretch your professional and personal boundaries with this unique challenge?
This position is accountable for developing underwriting, relationships and engineering skills while providing technical support, primarily on underwriting issues, to the Account Manager in developing sound insurance programs for existing and prospective clients.
Responsibilities:
- Providing technical support to Account Managers in handling underwriting details such as value validation, linesettings quantification, reinsurance needs and placement, rating and pricing, analysis of risk quality and coverage, catastrophe aggregate analysis, cross liability checks, policy review, issuance and other terms and conditions.
- Gaining and maintaining up-to-date knowledge of underwriting standards, policy forms and loss prevention practices.
- Assisting Account Managers in developing insurance programs that satisfy customer needs whilst adhering to company policies, procedures and guidelines.
- Assisting Account Managers in the preparation and delivery of internal and external meetings, presentations, proposals and account servicing activities.
- Independently managing and processing small to midsize accounts/prospects under supervision
- Maintaining an up-to-date knowledge of company underwriting standards, market trends, coverage, programs, reinsurance and new developments in the North American insurance market.
- Learning loss prevention and control concepts, including how to read and utilize information from risk reports and utilize their knowledge to assist the Account Manager in exposure identification and analysis
- Leading UW training and special projects as directed by Client Service Manager or Assistant Client Service Manager
- Attending necessary training classes such as Core UW Skills I, II, and III, Client Service Process Essentials, and other training seminars offered in Norwood, MA or elsewhere in the world as provided by the FM Global Academy
Qualifications:
Education: Bachelor’s degree or equivalent qualification/experience; CPCU/ARM desirable
Experience: 3 years insurance or financial industry. Experience in processing or field/account engineering a plus
Skills / knowledge:
- Proactive in identifying UW needs and taking initiative to help AMs find solutions
- Flexibility in prioritising and handling diverse activities and workload
- Strong analytical and problem-solving skills with considerable attention to detail
- Dedicated team player with excellent communication skills
- Strong computer skills.
The hiring range for this position is $68,300 to $98,100. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
FM Global is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.
Please note that full vaccination against COVID-19 is a condition of employment with FM Global in the U.S. and a condition of FM Global office entry in Canada. Further, all FM Global visitors, including external candidates interviewing onsite for open positions, are required to be fully vaccinated against COVID-19 and show proof of vaccination.
Salary : $68,300 - $98,100