FM Intelim Construction Underewriter

FM; Johnston (RI); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Incentive plan

Medical, dental, and vision insurance

401(k) and pension plan

Tuition reimbursement

Job summary

FM in Johnston, Rhode Island is seeking a Construction Underwriter to join a dynamic, growth-focused team. This role is responsible for evaluating and executing construction risks across complex infrastructure projects.

The ideal candidate will have over 10 years of property underwriting experience, strong negotiation skills, and a solid understanding of construction risks. The position offers flexibility to work near any FM office.

FM provides a comprehensive benefits program including medical, dental, flexible work options, and a pension plan.

Qualifications

• 10+ years of property underwriting experience.
• Proven ability to manage deals end-to-end.
• Strong understanding of construction risk exposures.

Responsibilities

• Lead underwriting of complex construction projects.
• Evaluate risks and structure terms for builder's risk placements.
• Build and maintain strong relationships with brokers and clients.

Skills

Property underwriting experience

Experience underwriting construction risks

Negotiation skills

Analytical skills

Interpersonal communication

Education

Bachelor’s degree or equivalent experience

CPCU, ARM, or advanced degree preferred

Job description

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

FM Intellium is seeking a Construction Underwriter to join a dynamic, growth-focused team. This is a client-facing, deal-leading role responsible for evaluating, structuring, and executing large-scale construction risks across complex infrastructure projects.

This position offers location flexibility, with candidates able to be based near any FM office.

Depending on the candidate’s experience and background, this role may also be considered at a senior level.

This role operates at the front line of underwriting, leading broker and client engagement, making pricing and underwriting decisions, and managing deals end-to-end within established authority. The ideal candidate thrives in a fast-paced environment, demonstrates strong judgment and commercial acumen, and effectively balances opportunity with risk.

Underwriting & Deal Leadership

• Lead underwriting of complex construction projects, including direct engagement with brokers and clients
• Evaluate risks, develop pricing strategies, and structure terms and conditions for large-scale builder’s risk placements
• Make clear, well-supported underwriting recommendations, including appropriate capacity deployment and risk selection
• Manage deals independently from initial engagement through execution, escalating selectively based on authority thresholds
• Balance commercial objectives with underwriting discipline, adjusting approach based on project-specific risk factors

Risk Assessment & Portfolio Management

• Analyze construction exposures, including contractor risk, project phasing, and key loss drivers
• Align individual underwriting decisions with broader portfolio strategy, including aggregation, capacity deployment, and risk concentration
• Maintain accurate and up-to-date documentation of underwriting decisions within internal systems
• Monitor market conditions, competitor activity, and portfolio performance to inform decision-making

Client & Broker Engagement

• Build and maintain strong relationships with brokers, clients, and internal stakeholders
• Lead negotiations related to pricing, coverage structure, and terms and conditions
• Communicate recommendations clearly and effectively, maintaining credibility and trust with external partners
• Exercise appropriate challenge and negotiation discipline to achieve balanced outcomes

Collaboration & Continuous Improvement

• Partner with engineering, client service, and underwriting leadership to deliver integrated risk solutions
• Contribute to the development of underwriting frameworks, best practices, and scalable processes
• Provide guidance and mentorship to team members, as appropriate
• Leverage internal systems, tools, and technology to enhance underwriting effectiveness and efficiency

Qualifications

• 10+ years of property underwriting experience
• Demonstrated experience underwriting construction risks, including large or complex projects
• Proven ability to manage deals end-to-end and operate within defined authority levels
• Experience leading broker and client discussions, including negotiation of pricing and terms
• Strong understanding of construction risk exposures, project structures, and loss drivers
• Advanced analytical, problem-solving, and decision-making skills
• Ability to assess and prioritize risks in a fast-paced, high-pressure environment
• Excellent interpersonal, written, and verbal communication skills
• Bachelor’s degree or equivalent experience required
• CPCU, ARM, or advanced degree preferred

The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, medical, dental and vision insurance, life and disability insurance, well‑being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, and time off, including vacation and sick time.

FM is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.