New York FM Underwriter I

FM; New York (NY); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Total Rewards program

Incentive plan

Medical, dental and vision insurance

Life and disability insurance

Well-being programs

401(k) and pension plan

Career development opportunities

Tuition reimbursement

Flexible work

Vacation and sick time

Job summary

FM is seeking an Underwriter I or II to support account managers on underwriting issues and loss prevention engineering. You will provide technical assistance, maintain knowledge of underwriting standards, and help implement global programs.

The role offers growth toward account management, with training, industry exposure and a robust Total Rewards package.

Qualifications

• Bachelor’s degree or equivalent qualification.
• Experience in insurance with at least 2 years loss prevention engineering preferred.
• Flexibility in prioritizing and handling diverse activities and workload.
• Excellent written, presentation and verbal communication with strong analytical and problem‑solving skills.
• Excellent computer skills.

Responsibilities

• Provide technical assistance to account managers on underwriting details such as values analysis, linesetting, reinsurance needs and placement; including rating, pricing, coverage analysis and terms and conditions.
• Be a resource to Client Service by keeping up-to-date knowledge of underwriting standards, policy forms and loss prevention practices.
• Assist Client Service in developing and implementing global insurance programs aligned with customer needs while adhering to policies and guidelines.
• Assist account managers in preparing and delivering internal and external meetings, presentations, proposals and servicing activities.
• Stay current on market trends, coverage, programs, reinsurance and developments in the insurance market.
• Manage client and broker relationships.
• Complete required underwriting training to attain binding authority and progress toward account manager.

Skills

Communication

Analytical thinking

Attention to detail

Computer skills

Flexibility

Education

Bachelor's degree or equivalent qualification

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.

In this role you will be responsible for developing skills in all three of the Company’s key competencies while supporting the account managers, primarily on underwriting issues.

Based on experience candidates will be considered for Underwriter I or Underwriter II.

Key responsibilities will include:

• Providing technical assistance to account managers in handling underwriting details such as values analysis, linesetting, reinsurance needs and placement. As well as, rating and pricing, analysis of coverage, terms and conditions, and cross liability analysis.
• Being a resource to the Client Service department by gaining and maintaining up-to-date knowledge of underwriting standards, policy forms and loss prevention practices.
• Aiding the Client Service team in the development and implementation of the global insurance programs that satisfy customer needs. This is while adhering to company policies, procedures and guidelines.
• Assisting account managers in the preparation and delivery of internal and external meetings, presentations, proposals and account servicing activities.
• Keeping up to date on market trends, coverage, programs, reinsurance, and the new developments in the insurance market.
• Managing client and broker relationships.
• The expectation is that you will complete all necessary training in underwriting and other areas to attain underwriting binding authority and will develop the skills, experience, and knowledge required to ultimately advance to account manager.

Qualifications

• Bachelor’s degree or equivalent qualification
• Experience working in the insurance industry with at least 2 years loss prevention engineering experience preferred!
• Flexibility in prioritizing and handling diverse activities and workload.
• Excellent communication skills—written, presentational and verbal. Strong analytical and problem-solving skills with considerable attention to detail.
• Excellent computer skills.

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.