Underwriter I

Factory Mutual Insurance Company • Reston, VA

18h

About The Position

FM 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 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. In this role you will be responsible for developing skills in all three of the Company’s key competencies while supporting the account managers, primarily on underwriting issues. Based on experience candidates will be considered for Underwriter I or Senior Underwriter. The position is located in Reston, VA but will consider Malvern, PA as well.

Requirements

• Bachelor’s degree or equivalent qualification
• Flexibility in prioritizing and handling diverse activities and workload.
• Excellent communication skills—written, presentational and verbal.
• Strong analytical and problem-solving skills with considerable attention to detail.
• Excellent computer skills.

Nice To Haves

• Experience working in the insurance industry with at least 2 years loss prevention engineering experience preferred!

Responsibilities

• Providing technical assistance to account managers in handling underwriting details such as values analysis, linesetting, reinsurance needs and placement. As well as, rating and pricing, analysis of coverage, terms and conditions, and cross liability analysis.
• Being a resource to the Client Service department by gaining and maintaining up-to-date knowledge of underwriting standards, policy forms and loss prevention practices.
• Aiding the Client Service team in the development and implementation of the global insurance programs that satisfy customer needs. This is while 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.
• Keeping up to date on market trends, coverage, programs, reinsurance, and the new developments in the insurance market.
• Managing client and broker relationships.
• The expectation is that you will complete all necessary training in underwriting and other areas to attain underwriting binding authority and will develop the skills, experience, and knowledge required to ultimately advance to account manager.

Benefits

• The position is eligible to participate in FM’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 is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees