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.
Chemical Operations has an immediate opportunity for an ambitious, intellectually curious and business savvy Underwriter, based in our Norwood, MA office. Are you ready to stretch your professional and personal boundaries with this unique challenge?
In this role you will be 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.
Based on experience candidates will be considered for Underwriter I or II.
- 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.
Education: Bachelor’s degree or equivalent qualification/experience; CPCU/ARM desirable
Experience: 3+ years insurance or financial industry. Experience in processing or field/account engineering a plus
Skills / knowledge:
- Proactive in identifying UW needs and taking initiative to help Account Manager find solutions
- Flexibility in prioritising 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
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.
