Underwriting Specialist

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. 
Depending on the level of the candidate’s skill and experience this position may be eligible for alignment to Underwriting Specialist or Senior Underwriting Specialist. Varying levels of experience and qualifications will be considered.

This position has an advanced knowledge of the company’s underwriting requirements as well as policy review and policy manuscripting authority. Through advanced underwriting skills, interpersonal skills and negotiation skills, provides underwriting technical expertise to the Account Manager, CSM or Branch Manager. Also provides expertise and training on routine procedural issues and new standards to facilitate understanding, implementation and compliance. The incumbent also works with the Operations Chief Underwriter to handle referral requests in support of the Operations as requested.

•    Develops and recommends underwriting solutions when confronted with complex and unusual risks or unacceptable exposures. Solutions may require a departure from current guidelines.

•    Works with Account Managers to ensure policies, binders, endorsements and other Underwriting documents are properly prepared and executed. This also includes the analysis and design of manuscript wording that meets the needs of the client and FM (uses knowledge of manuscript forms/clauses and market practice).

•    Demonstrates an advanced understanding of the key elements of purchasing reinsurance, program structure, layering and pricing. Effectively uses FM’s capacity, including in-house reinsurance facilities, to maximize net and reduce reinsurance cost.

•    Provides technical underwriting consulting/mentoring to others to ensure consistently strong profits. Keeps current with market pricing and practices.

•    Maintains an up-to-date knowledge of company underwriting standards, policy forms and coverages, and loss prevention practices. Introduces and provides training to ensure implementation and compliance. Maintains knowledge of current market conditions.

•    Effectively uses interpersonal skills to influence others to help meet corporate objectives.

•    Participates in special projects to facilitate and assure appropriate implementation of either corporate or operational initiatives, as assigned.

•    Handles accounts and prospects as assigned.

•    Effectively manages significant workload so that assistance/mentoring can be provided to others.

•    Assists in the development and delivery of effective presentations to clients/brokers, management and others, through analysis of audience, logical flow and concise communication.