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Underwriter I

Underwriting/Reinsurance, Other Careers Job ID 2023-12793 Primary Location: Reston, Virginia 01/24/2023
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More information about this job:

Overview:

FM Global 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 Global 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. 

This position is accountable for supporting the Client Service team. This includes risk selection, risk assessment, and risk transfer decisions that support development and retention of a profitable FM Global and client partnership.

Working as a critical team member on large and complex accounts under the leadership of the account manager, the underwriter supports underwriting decisions and implementation across the program.

This position is an office-based position for Washington Operations in our Reston, VA office.

Depending on experience, consideration for this role will be as an Underwriter I, II or Senior.


Responsibilities:

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.

Key responsibilities will include:

  • 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 smaller accounts when assigned and developing external client and broker negotiation and servicing skills.
  • 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.

Qualifications:

Bachelor’s degree or equivalent qualification.

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

We are considering Mid and Senior Level candidates for this role. The range is $64,000 to $115,600 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.

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

Please note that all FM Global visitors, including external candidates interviewing for open positions will be required to be vaccinated and should be prepared to provide proof of vaccination

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