FM Affiliated Production Underwriter (I, II, III, SR.)

FM; New York (NY); On-site; USD 85,800 - 192,700; Full time

Benefits offered by this job

Comprehensive Total Rewards program

401(k) and pension plan

Tuition reimbursement

Flexible work

Generous health and well-being programs

Job summary

A leading property insurer based in New York seeks a qualified FM Affiliated Production Underwriter to join their dynamic team. This full-time role involves underwriting for commercial property accounts, requiring 2-5 years of relevant industry experience and a bachelor's degree. The ideal candidate will excel in problem-solving, organizational skills, and have a strong knowledge of commercial underwriting practices. The position is eligible for a comprehensive rewards package including health programs and a 401(k).

Qualifications

• 2-5 years of industry experience as an Underwriter for commercial property accounts.
• Experience dealing with a variety of occupancies and current underwriting issues.
• Ability to learn and keep updated on industry standards.

Responsibilities

• Review renewal and new business opportunities with Account Engineers.
• Meet specific profit, retention, and production goals.
• Execute an effective program of external calls.

Skills

Problem solving

Time management

Organizational skills

Interpersonal skills

Selling skills

MS Office proficiency

Education

Bachelor’s degree or equivalent

Job description

FM Affiliated Production Underwriter (I, II, III, SR.)

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This range is provided by FM. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$85,800.00/yr - $192,700.00/yr

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 Group, 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 and Production Underwriters.

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.

In addition, the role works closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification, selection and assessment in order to ensure the development and growth of a profitable portfolio of business. FM Affiliated Production Underwriters primary relationships are with brokers and reinsurers for insurance‑related issues. Responsibilities include meeting specific profit, retention, and production goals. Business relationships and a network of contacts must be established and an effective program of calls must be executed to meet an average of 10 external calls a month to ensure high visibility. Travel is required for marketing and training including out‑of‑state travel. 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 company’s assets must be protected by adhering to company underwriting standards and procedures, this will include determining the amount subject, net capacity commitment, checking cross liability, management of catastrophe aggregate retentions, negotiating and purchasing reinsurance and establishing commissions in a manner most advantageous to the company.

• This position requires someone with a bachelor’s 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 individual education, skills, and experience. The position is eligible to participate in FM's 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.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Finance and Sales

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