FM Affiliated Production Underwriter (I, II, III or SR.)
FM Affiliated Production Underwriter (I, II, III or SR.)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Overview
The Production Underwriter must effectively market FM Affiliated products and services to a network of producers with whom long term relationships are developed maintained and cultivated. The FM Affiliated production underwriter is responsible for profitable risk selection negotiation of pricing terms and conditions and using creative underwriting strategies to optimize net retentions that effectively balance both customer and company needs. The Production Underwriter is responsible to coordinate account team resources to provide excellent and responsive services that add value to our broker and customer relationships.
The Production Underwriter works closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification analysis and assessment in order to ensure the development and growth of a profitable portfolio of business in the New York territory. FM Affiliated Production Underwriters primary relationships are with Brokers and reinsurers for insurance-related issues.
Responsibilities include meeting specific profit production and retention goals as developed in consultation with Regional and Area business contacts must be established and an effective program of calls must be executed averaging 8-10 face-to-face visits a month to ensure high visibility.
Responsibilities
New risks must be pre-qualified based on acceptability today and its future potential. This includes a thorough analysis of the broker submission desired pricing terms and conditions financial condition adequacy of reported values and loss experience.
The companys assets must be protected by adhering to company underwriting standards and procedures. This will include determining the amount subject and net capacity commitment in addition to checking cross liability managing catastrophe aggregate retentions negotiating and purchasing reinsurance and establishing commissions in a manner most advantageous to the company.
Qualifications
- This position requires someone with a bachelors degree or equivalent.
- 2-5 Years industry experience (broker/insurance company) as Underwriter for commercial property accounts of varying occupancies and sizes.
- Candidate must also have experience dealing with a variety of occupancies as well as current engineering and underwriting issues such as current property coverages and forms and/or quickly learn and keep updated on industry state of the art.
- Additionally this person will be proficient in and have excellent organizational time management problem solving decision making interpersonal and selling skills and a working knowledge of MS Office products.
The final salary offer will vary based on geographic location individual education skills and experience. The position is eligible to participate in FMs 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.
Employment Type
Full-Time
