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Underwriter I

Underwriting/Reinsurance Job ID 2024-14695 Primary Location: Parsippany, New Jersey 06/28/2024 Hiring Range: $70,300 - $112,800
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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.

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.

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.
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