Underwriter I

FM•New York, NY

12h

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. 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 Underwriter II. 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.

Requirements

Bachelor’s degree or equivalent qualification
Experience working in the insurance industry
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

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.