FM Global-posted 4 months ago
Full-time • Mid Level
Norwood, MA
Insurance Carriers and Related Activities

FM Affiliated is looking for a Production Underwriter to join the Boston Office. This is a unique opportunity to be part of and help maintain and grow a dynamic FM Affiliated office. This is an extremely important position because the FM Affiliated Production Underwriter is responsible for both new business production and renewal retention while maintaining underwriting profit and protecting the company's assets. The Production Underwriter must effectively market FM Affiliated products and services to a network of producers with whom long term relationships are developed, maintained, and cultivated. The FM Affiliated Production Underwriter is responsible for profitable risk selection, negotiation of pricing, terms, and conditions, and using creative underwriting strategies to optimize net retentions that effectively balance both customer and company needs. The Production Underwriter is responsible to coordinate account team resources to provide excellent and responsive services that add value to our broker and customer relationships.

  • Work closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification, analysis, and assessment.
  • Ensure the development and growth of a profitable portfolio of business in the Boston territory.
  • Establish primary relationships with Brokers and reinsurers for insurance-related issues.
  • Meet specific profit, production, and retention goals as developed in consultation with Regional, Area, and Assistant Managers.
  • Execute an effective program of calls averaging 8-10 face-to-face visits a month to ensure high visibility.
  • Pre-qualify new risks based on acceptability today and its future potential.
  • Conduct thorough analysis of broker submissions, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience.
  • Adhere to company underwriting standards and procedures to protect the company's assets.
  • Determine the amount subject and net capacity commitment, check cross liability, manage catastrophe aggregate retentions, negotiate and purchase reinsurance, and establish commissions.
  • Bachelor's degree or equivalent.
  • 2-5 years industry experience (broker/insurance company) as Underwriter for commercial property accounts of varying occupancies and sizes.
  • Experience dealing with a variety of occupancies as well as current engineering and underwriting issues.
  • Proficient in MS Office products.
  • Excellent organizational, time management, problem solving, decision making, interpersonal and selling skills.
  • Participation in FM's comprehensive Total Rewards program.
  • Incentive plan.
  • Generous health and well-being programs.
  • 401(k) and pension plan.
  • Career development opportunities.
  • Tuition reimbursement.
  • Flexible work.
  • Time off allowances.
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