Manufacturing Risk Underwriter – Essential Product

FM; Los Angeles (CA); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Total Rewards program

Tuition reimbursement

Job summary

FM is expanding FM Essential to bring a resilience-focused product line to the manufacturing sector. The role focuses on new business production and renewal retention while ensuring underwriting profitability and asset protection.

The candidate will market the Essential product, negotiate terms, and coordinate with brokers, account teams, and engineers. Travel for marketing and training is required, with emphasis on risk identification and portfolio growth.

Qualifications

• Bachelor's Degree or equivalent combination of education and experience.
• 3-5 years underwriting experience.
• Sound knowledge of property insurance, forms, financial statements and business computer applications.
• Demonstrated skills in oral and written communication, collaboration, attention to detail, time management, analysis, decision-making, problem solving, sales/negotiation/presentation.

Responsibilities

• Responsible for both new business production and renewal retention while maintaining underwriting profit and protecting companies' assets. They must effectively help develop and market the Essential product to a network of producers with whom long term relationships are developed, maintained and cultivated.
• 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.
• Coordinate account team resources in order to provide excellent and responsive services that add new value to our broker and customer relationships.
• Working 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.
• The FM Essential Production Underwriters primary relationships is with Brokers and reinsurers for insurance related issues. However, the Essential product will also be available from the mutual funnel.
• Responsibilities include meeting specific profit, production, and retention goals as developed in consultation with Essential manager.
• Establish multiple business contacts, and implement an effective program of calls averaging 10 face to face visits a month to ensure high visibility.
• Travel is required for marketing including out of state travel as well as travel for training. 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.

Skills

Underwriting knowledge

Risk assessment

Communication

Negotiation

Education

Bachelor's Degree or equivalent

Job description

FM is expanding FM Essential to bring a resilience-focused product line to the manufacturing sector. The role focuses on new business production and renewal retention while ensuring underwriting profitability and asset protection.

The candidate will market the Essential product, negotiate terms, and coordinate with brokers, account teams, and engineers. Travel for marketing and training is required, with emphasis on risk identification and portfolio growth.