Account Underwriter FM Affiliated

at  FM Global

Account Underwriter FM Affiliated
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.
This exciting opportunity is with FM Affiliated, our “best-in-class” middle market property insurer. FM Affiliated is exploring new ways to expand and tailor coverage to meet our brokers’ and client’s ever-evolving business challenges. Drawing on the full strength of the FM organization, we help our clients choose how to best identify, prioritize and reduce future loss in a way that makes practical and affordable sense. We distribute our property insurance products and engineering solutions exclusively through a network of brokers. We value long-term relationships that provide the realization of greater value by deploying the skills of our highly trained Account Engineers, Production Underwriters and Account Underwriters.
The Account Underwriter FM Affiliated is responsible for providing assistance to one or more Production Underwriters in developing and maintaining a profitable portfolio of business, consistent with Corporate/policies, business strategies and objectives. An Account Underwriter is a strong team player working with Production Underwriters, Account Engineers, Account Administrators, Claims and other personnel that has demonstrated decision-making skills and shows initiative in all areas of accountability. An Account Underwriter would typically develop and progress into a Production Underwriter role.

The incumbent will work principally for and in the assigned office, although support to other offices may be required from time to time.

• Work closely with the Production Underwriter on all aspects needed to develop new business and retain a profitable book of renewal business through the application of sound underwriting principles and creative use of underwriting and engineering resources to effectively analyze and select risk. Review/evaluate financial information, appropriate loss experience, engineering information (working with Account Engineering), cross liability and adequacy of values. As required, complete initial pre-screening with the broker to determine prospect viability.. Recognize and communicate broker and customer needs to Production Underwriter and participate in the development of prospect and customer strategies. Work with the Production Underwriter to establish coverage, pricing, terms and conditions and place reinsurance, as directed. Prepare proposal for review by Production Underwriter and make any subsequent changes as directed. Negotiate terms on new and renewal business with brokers and reinsurers, as directed. Conduct thorough policy review for Underwriter signature prior to mailing to ensure conformance with final proposal.

• Provide responsive service to our broker and customer base that supports our commitment to transactional speed and ease of doing business.

• • Work with Account Administrators to ensure submissions, proposals, policies, certificates of insurance, endorsements and billing are handled expeditiously with documentation delivered in an accurate and timely fashion to meet company standards.
• Respond to broker and customers questions and requests for information.
• Represent FM Affiliated in the marketplace by developing contacts and maintaining positive relations with assigned brokers, reinsurers and customers.
• Maintain a working knowledge of company standards, processes, systems and procedures, loss prevention engineering practices, policy wordings, product and service offerings. Develop and maintain positive relationships with broker contacts and approved facultative reinsurers. Participate at local insurance community events.
• Bachelor’s degree
• Min. 5 years of combined higher education and industry experience (broker/insurance company).
• Working knowledge of our business including a basic understanding of risk, property insurance coverage, forms, and financial statements.
• Strong computer skills and knowledge of business computer applications.
• Time management skills; demonstrated oral and written communication skills; career oriented with a demonstrated commitment to quality performance and customer service, a professional demeanor and positive attitude.
• Valid driver’s license
• Excellent verbal and written English & Dutch, French is also preferred.
  Job ID 2023-14030

Please refer the Job description for details