What are the responsibilities and job description for the Underwriting II - Client Service position at Factory Mutual Insurance Company?
Overview
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.
Responsibilities
Provides assistance to Account Managers in handling underwriting duties including risk assessment, risk transfer, MFL Study development, and pricing. Individuals would also be expected to provide analysis of terms and conditions, values, and, review policies for accuracy.
Learns loss prevention and control concepts. Including, how to read and use information from Risk Reports and apply their knowledge to assist the Account Manager in exposure identification and analysis.
Gains and maintains a good knowledge of the underwriting requirements, policy terms and conditions, profitability analysis, and pricing. This is to assist the account manager in determining a sustainable and profitable underwriting position.
Assists 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.
Applies interpersonal skills to build relationships with Client Service Team members working in a variety of roles from processing to engineering to account management to Staff Underwriting.
Qualifications
- Four Year College Degree/Bachelors
- Two 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 Commercial Property Insurance, Business Communications, Exposure Analysis, Negotiations, and Presentation Skills.
- Intermediate proficiency level in the competencies of Interpersonal Skills, Planning & Organizing, Policy Terms & Conditions, Profitability Analysis, and Underwriting Requirements
We are considering Underwriter I and Underwriter II candidates for this role. The range is $68,300 to $125,900. These ranges are representative of the hiring salary for the role. The final salary offer will vary based on geographic location, individual education, skills, and experience.
The position is eligible to participate in FM Global’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.
Salary : $68,300 - $125,900
