FM Global Looking for Underwriter at Ontario Full Time

Overview

FM Global 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 Global 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.

The Client Service Team has an immediate opening for an Underwriter. This position is accountable for developing underwriting, relationships and engineering skills while providing assistance to the Account Manager, primarily on underwriting issues. Individuals in this position will complete all necessary training in underwriting, engineering, relationships, client servicing and sales as outlined in a specific development plan. It is expected that people in this position will develop the skills, experience, and knowledge to ultimately transition into the Underwriter II role.

Responsibilities

• Provides assistance to Account Managers in handling underwriting details such as line setting, reinsurance needs and placement, MFL studies, rating and pricing, analysis of coverages, terms and conditions, value analysis and certificates of insurance.

• Gains and maintains a good knowledge of the underwriting guidelines, policy terms and conditions, profitability analysis and pricing to assist the account manager in program analysis and design.

• By working with the account manager on program structure and linesetting, gains an understanding of FM Global’s capacities and the use of the reinsurance placement and documentation practices.

• Assist the Account Manager in account servicing activities including preparing for internal and external meetings, presentations, proposals to begin developing account management and effective presentation skills.

• Utilizes relationship skills to identify clients’ operating strategies and business goals as well as identify strategic players to develop client servicing plans under the guidance of an account manager.

• Learns loss prevention and control concepts, including how to read and utilize information from Risk Reports and utilize their knowledge to assist the account manager in exposure identification and analysis

Qualifications

• Bachelor’s degree or equivalent; CPCU, ARM desirable

• 2+ years insurance or financial industry experience preferred

• Strong analytical, problem solving, computer skills and attention to detail is required.

• Basic proficiency level in the competencies of Account Management, Business Communications, Exposure Analysis, Negotiations, Presentation Skills, Program Structure & Linesetting and Relationships.

• Intermediate proficiency level in the competencies of Interpersonal Skills, Planning & Organizing, Policy Terms & Conditions, Profitability Analysis & Pricing and Underwriting Guidelines.

Varying levels of experience and qualifications will be considered. FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

Please note that full vaccination against COVID-19 is a condition of employment with FM Global in the U.S. and a condition of FM Global office entry in Canada. Further, all FM Global visitors, including external candidates interviewing onsite for open positions, are required to be fully vaccinated against COVID-19 and show proof of vaccination.

Location CA-ON-Vaughan

Job ID 2023-13102

# Positions 1

Work Location Works from an office location

Employee Type Regular

Category Underwriting/Reinsurance