Production Underwriter I
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Job Location:
Park Ridge, NJ - USA
Monthly Salary:
Not Disclosed
Posted on:
11 hours ago
Vacancies:
1 Vacancy
Job Summary
Overview
FM Affiliated is looking for a Production Underwriter to join the Chicago Office. This unique opportunity to be a part of the largest FM Affiliated office is extremely important because the FM Affiliated Production Underwriter is responsible for both new business production as well as renewal retention while maintaining underwriting profit and protecting the companys assets. The Production Underwriter demonstrates team leadership and initiative good judgment and decision-making skills.
We are open to considering candidates with a variety of experience levels for this role. Both mid-level and senior-level candidates are encouraged to apply.
Responsibilities
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 Chicago 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 manager. Multiple 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.
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 combination of education and experience.
2 years of commercial underwriting experience
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 FM Globals comprehensive Total Rewards program which 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 Global is an Equal Opportunity Employer committed to attracting developing and retaining a diverse workforce.
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
FM Global's multinational presence and capabilities allow us to provide seamless insurance solutions, services and claims response around the world.
