Underwriter

FM•Norwood, MA

4d•Onsite

About The Position

FM is a leading mutual insurance company focused on property risk management and resilience. The Chemical Operations department has an immediate opening for an ambitious, intellectually curious, and business-savvy Underwriter in their Norwood, MA office. 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. This position is a UW I (Grade 12) to UW II (Grade 13), depending on the candidate's skill and experience level. Varying levels of experience and qualifications will be considered. Consideration will be given to relocation benefits.

Requirements

Bachelor’s degree or equivalent qualification/experience
3+ years insurance or financial industry experience
Proactive in identifying UW needs and taking initiative to help AMs find solutions
Flexibility in prioritizing and handling diverse activities and workload
Strong analytical and problem-solving skills with considerable attention to detail and documentation
Dedicated team player with excellent communication skills
Strong computer skills

Nice To Haves

CPCU/ARM desirable
Experience in processing or field/account engineering a plus

Responsibilities

Providing technical support to Account Managers in handling underwriting (UW) details such as risk assessments, value validation, linesettings analysis, reinsurance needs and placement, rating and pricing, coverage analysis, catastrophe aggregate analysis, cross liability assessments, policy review, issuance and other terms and conditions.
Gaining and maintaining up-to-date knowledge of UW standards, policy forms and loss prevention practices. Ensuring appropriate approvals are current and are in line with most recent underwriting standards.
Assisting Account Managers in developing insurance programs that satisfy client needs whilst adhering to company policies, procedures and guidelines.
Independently managing and processing small to midsize accounts/prospects under supervision.
Maintaining an up-to-date knowledge of 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 this knowledge to assist the Account Manager in exposure identification and analysis.
Leading UW special projects, including peer reviews and UW audits.
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 Academy.