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Underwriter I

Underwriting/Reinsurance Job ID 2024-14239 Primary Location: Plymouth, Minnesota 03/08/2024 Hiring Range: $71,200 - $129,500
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For nearly two centuries, FM Global clients have relied on our unmatched expertise in creating engineering-driven risk management solutions. FM Global is the world's largest commercial property insurance and risk management organization specializing in large properties. More than one in three Fortune 1,000 company, as well as leading international corporations, benefit from FM Global's superior financial strength, risk management skills and extensive expertise in loss prevention engineering and research.

This position is accountable for developing underwriting, relationships and engineering skills. This is while providing assistance to the Account Manager, primarily with underwriting, policy issuance and invoicing. Individuals in this position will complete all necessary training in underwriting, engineering, relationships, client servicing and sales as outlined in a specific development plan. This could extend to basic engineering training based on a candidate’s experience.  It is expected that people in this position will develop the skills, experience, and knowledge to ultimately transition into more advanced underwriting roles or account management. 

Depending on the level of the candidate's skill and experience this position may be eligible for alignment to Underwriter I, Underwriter II or Senior Underwriter. Varying levels of experience and qualifications will be considered.

Provides assistance to Account Managers in handling underwriting duties including risk assessment, risk transfer, MFL Study development, and pricing. Individuals would also be expected to provide analysis of terms and conditions, values, and, review policies for accuracy.

Learns loss prevention and control concepts. Including, how to read and use information from Risk Reports and apply their knowledge to assist the Account Manager in exposure identification and analysis.

Gains and maintains a good knowledge of the underwriting requirements, policy terms and conditions, profitability analysis, and pricing. This is to assist the account manager in determining a sustainable and profitable underwriting position.

Assists the Account Manager in account servicing activities. Including: preparing for internal and external meetings, presentations, proposals to begin developing account management and effective presentation skills.

Applies interpersonal skills to build relationships with Client Service Team members working in a variety of roles from processing to engineering to account management to Staff Underwriting.

  • Four Year College Degree/Bachelors 
  • Two Years Insurance or Financial Industry Experience Preferred! 
  • Strong analytical, problem solving, computer skills and attention to detail is required 
  • Basic proficiency level in the competencies of Commercial Property Insurance, Business Communications, Exposure Analysis, Negotiations, and Presentation Skills.  
  • Intermediate proficiency level in the competencies of Interpersonal Skills, Planning & Organizing, Policy Terms & Conditions, Profitability Analysis, and Underwriting Requirements 

We are considering Underwriter I and Underwriter II candidates for this role. The range is $68,300 to $125,900. These ranges are representative of the hiring salary for the role. The final salary offer will vary based on geographic location, individual education, skills, and experience.

The position is eligible to participate in FM Global’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. This position is eligible for a company car.

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