Underwriting Compliance Partner
Underwriting/Reinsurance Job ID: 2024-15229 Primary Location: Johnston, Rhode Island Date Posted: 12/20/2024 Hiring Range: $103,040 - $148,100 Workstyle: On-SiteFM 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.
Schedule and Work Schedule
This is a US-based In-Office position working out of our corporate headquarters located in Johnston, RI five days a week in accordance with core business hours 9am to 3pm.
Only open to applicants within 50 miles of Corporate Headquarters located in Johnston, RI.
Relocation is not offered.
Exciting, multidisciplinary opportunity to be an integral part of how FM underwrites and delivers our policies. This role is highly dynamic and requires an appetite for regulatory knowledge and the ability to apply your knowledge creatively to FM and FM Affiliated underwriting practices, policies and procedures. You will be instrumental in understanding and interpreting regulatory requirements and work effectively with both internal and external partners to ensure underwriting compliance.
This position is critical for maintaining the integrity of FM insurance products offered across different markets.
Collaboration with Regulators:
- Ensure compliance with statutes and regulations.
- Engage in discussions, negotiations, and external underwriting audits.
- Create and submit regulatory findings to government agencies.
Collaborator Interaction:
- Collaborate, educate, and communicate with colleagues and external support to implement regulatory changes.
- Collaborate closely with other corporate departments
Research:
- Conduct research using statutes, regulations and other internal and external information to support compliance efforts.
- Comprehend FM and/or FM Affiliated underwriting practices, policies, and procedures.
- 4- year college degree is required.
Experience
- 1-2 years of experience in the legal field or regulatory work preferred
- Recent legal studies graduates are welcome to apply.
Knowledge
- Understanding of the U.S. legal system and the ability to read and comprehend statutes and regulations.
Skills
- Excellent verbal, written, and mathematical skills.
- Computer literacy.
- Ability to manage multiple projects simultaneously and meet deadlines.
Key Attributes
Communication: Strong ability to convey complex regulatory requirements and changes clearly to stakeholders.
Organization: Excellent organizational skills to manage filings and interactions with multiple departments and regulators.
Analytical Abilities: Strong research skills to gather, analyze, and interpret regulatory information.
Collaboration: Ability to work closely with various departments and external regulators to ensure compliance.
The hiring range is $103,040 - $148,100 a year . The final salary offer will vary based on geographic location, individual education, skills, and experience. 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.
#LI-NL1
