Underwriting Associate [T500-30203]

FM; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Job summary

FM India, a Fortune 500 commercial property insurer with a 190-year heritage and 6,000+ employees, seeks an Underwriting Associate to support regulated underwriting operations, maintain data, and process updates in enterprise systems.

You will review work for completeness and accuracy, assemble documentation for audits, identify data gaps, and escalate issues. The role offers learning in underwriting concepts and systems while collaborating with risk, finance, and reporting teams.

Qualifications

• Experience in underwriting or insurance data handling.
• Strong attention to detail and accuracy.
• Proficiency with spreadsheets, document management tools, and business systems.
• Good written and verbal communication.
• Willingness to learn underwriting concepts and workflows.
• Able to meet deadlines with guidance.

Responsibilities

• Enter and update underwriting data in corporate systems.
• Review work for completeness and accuracy.
• Maintain documentation for audits and reporting.
• Identify data gaps and system issues and escalate when needed.
• Coordinate routine underwriting support across systems.
• Apply procedures to ensure reliable underwriting records.
• Develop foundational knowledge to progress to analytical roles.

Skills

Detail orientation

Time management

Spreadsheet proficiency

Document management

Communication skills

Willingness to learn

Reinsurance processing

Data validation

Data management

Catastrophe modelling data

Tools

Excel

SQL

Reporting tools

Job description

We are a highly successful 190-year-old, Fortune 500 commercial property insurance company of 6,000+ employees with a unique focus on science and risk engineering. Businesses worldwide trust our expertise to protect their assets, relying on our comprehensive risk assessments and robust, engineering-based insurance solutions to safeguard against fire, natural disasters, and other perils. Serving over a quarter of the Fortune 500 and major corporations globally, we deliver data-driven strategies that enhance resilience, ensure business continuity, and empower organizations to thrive.

FM India is a strategic location for driving our global operational efficiency. Our presence in India allows us to leverage the country’s talented workforce and advance our capabilities to serve our clients better. We have diverse corporate functions that emphasize research, advanced technologies like AI and analytics, risk engineering, research, finance, marketing, HR, etc. working together to provide innovative solutions and nurture lasting relationships – from co-workers to clients.

Position Summary:

The Underwriting Associate supports regulated corporate underwriting operations across regions and business segments by maintaining underwriting data, validating information for accuracy and completeness, and processing updates used in enterprise systems and reporting. Works within established standards to review discrepancies and system issues, evaluate impact, identify appropriate solutions, resolve matters within delegated authority, and elevate issues when additional review or approval is needed.

Job Responsibilities:

• Prepare, enter, and update underwriting data in corporate systems in accordance with documented standards, controls, and regulatory requirements
• Review assigned work for completeness, accuracy, and internal consistency prior to submission or escalation.
• Assemble, organize, and maintain documentation that supports underwriting processing, audits, and reporting activities.
• Identify missing information, data discrepancies, or system issues; analyses the impact, research potential causes, takes appropriate corrective action within established guidelines, escalates them appropriately when additional review and resolution is needed.
• Coordinate routine underwriting support activities across systems to ensure timely completion of assigned deliverables.
• Apply documented procedures consistently to support reliable underwriting records used for downstream financial, operational, and compliance purposes.
• Develop foundational knowledge of underwriting processes, systems, and terminology to support progression into more analytical roles.

Skill and Experience:

• 1 years of experience required to perform essential job functions.
• Additional Experience Qualifier (optional): 0–1 years of experience in insurance, financial services, or a related professional business environment.
• Strong attention to detail and commitment to data accuracy
• Ability to manage assigned work and meet deadlines with guidance
• Basic proficiency with spreadsheets, document management tools, and business systems
• Ability to follow documented standards and procedures consistently
• Clear written and verbal communication skills
• Willingness and ability to learn underwriting concepts, systems, and workflows

Must Have Skills:

• Reinsurance processing and insurance data management
• Data validation, reconciliation and quality control
• Microsoft Excel and reporting tools
• SQL
• Building input files to support Catastrophe modelling