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About the Role

FM Affiliated is seeking a Production Underwriter to join the New York City Office. This is a unique opportunity to be part of and help maintain and grow one of the largest FM Affiliated offices in the country. This is an extremely important position because the FM Affiliated Production Underwriter is responsible for both new business production and renewal retention while maintaining underwriting profit and protecting the company’s assets. They must effectively market FM Affiliated products and services to a network of producers with whom long term relationships are developed, maintained and cultivated.

Responsibilities

Responsible for profitable risk selection, negotiation of pricing, terms and conditions, and using creative underwriting strategies to optimize net retentions.
Coordinate account team resources to provide excellent and responsive services that add value to broker and customer relationships.
Work closely with Account Engineers to review renewal and new business opportunities.
Ensure proper risk identification, selection and assessment for the development and growth of a profitable portfolio of business.
Meet specific profit, retention, and production goals.
Establish business relationships and a network of contacts.
Execute an effective program of calls, averaging 10 external calls per month.
Pre-qualify new risks based on acceptability and future potential.
Conduct thorough analysis of broker submissions, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience.
Protect company assets by adhering to underwriting standards and procedures.
Determine amount subject, net capacity commitment, check cross liability, manage catastrophe aggregate retentions, negotiate and purchase reinsurance, and establish commissions.

Requirements

Bachelor’s Degree or equivalent combination of education and experience.
2-5 years FM or Property Insurance experience.
Sound working knowledge of the business, including risk identification and assessment, property insurance coverage, forms, financial statements, and business computer applications.
Demonstrated skills in oral and written communication, time management, analysis, decision-making, problem solving, sales/negotiation/presentation, and leadership.
Ability to establish a network of property producers and industry contacts.

Skills

Risk management
Property insurance
Oral and written communication
Time management
Analysis
Decision-making
Problem solving
Sales
Negotiation
Presentation
Leadership

Location

New York City

Work Type

Full-time

Experience Level

2-5 years

Education Level

Bachelor's Degree

Salary/Compensations

The final salary offer will vary based on geographic location, individual education, skills, and experience.

Benefits

Incentive plan
Generous health and well-being programs
401(k)
Career development opportunities
Tuition reimbursement
Flexible work
Time off allowances

About the Company

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.
FM Affiliated is our “best-in-class” middle market property insurer.
FM Affiliated is exploring new ways to expand and tailor coverage to meet our brokers’ and client’s ever-evolving business challenges.
Drawing on the full strength of the FM Group, we help our clients choose how to best identify, prioritize and reduce future loss in a way that makes practical and affordable sense.
We distribute our property insurance products and engineering solutions exclusively through a network of brokers.
We value long-term relationships that provide the realization of greater value by deploying the skills of our highly trained Account Engineers and Production Underwriters.

Equal Opportunity

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