FM Affiliated Production Underwriter ( I, II, III or SR. )

FM•Los Angeles, CA

1d•Onsite

About The Position

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection. FM Affiliated is looking for a Production Underwriter to join the Los Angeles Office. The FM Affiliated Production Underwriter is responsible for both new business production as well as renewal retention while maintaining underwriting profit and protecting the company’s assets. The Production Underwriter demonstrates team leadership and initiative, good judgment, and decision-making skills.

Requirements

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 such as current property coverages and forms, and/or quickly learn and keep updated on industry state of the art.
Proficient in and have excellent organizational, time management, problem solving, decision making, interpersonal and selling skills.
Working knowledge of MS Office products.

Responsibilities

Effectively market FM Affiliated products and services to a network of producers with whom long term relationships are developed, maintained, and cultivated.
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.
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 in order to ensure the development and growth of a profitable portfolio of business in the Los Angeles territory.
Primary relationships are 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.
Establish multiple business contacts and 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, including a thorough analysis of the broker submission, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience.
Protect the company’s assets by adhering to company underwriting standards and procedures, including determining the amount subject and net capacity commitment, checking cross liability, managing catastrophe aggregate retentions, negotiating and purchasing reinsurance, and establishing commissions in a manner most advantageous to the company.