Assistant Vice President High-Hazard Underwriting ...

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.Consider this opportunity to take a role with global impact, build an international network of contacts, and impact the future of underwriting within FM’s Specialty Industries portfolio - Mining, Molten Materials, Chemical, Pharmaceutical, Power Generation, Pulp & Paper, Semiconductor and Digital.Could you take what you have learned from underwriting specialty industry accounts, and apply it to a portfolio of 100 accounts or more? Are you interested in developing specialist knowledge about emerging risk and actively figuring out how to underwrite it profitably? Are you comfortable handling risk transfer decisions related to large, volatile and complex manufacturing risks, and could you share your knowledge with others?We are looking for a self-starter with operations experience to join our group of principal underwriters that operates out of All Risk Underwriting. You would lead up to two industry segments for portfolio analysis, capacity and linesetting, pricing strategies, and development of underwriting requirements that support the company’s profit and growth objectives.To do this well you will be constantly learning and asking questions, collaborating with your team, principal engineers and members of other corporate staff departments, as well as individuals from operations to research and develop underwriting requirements and related procedures.You will provide leadership and guidance to operations underwriters, ensuring necessary support is available and impacts are understood prior to implementation. And from there, support thoughtful underwriting exceptions, ensuring a consistent application of risk selection and underwriting judgment within your assigned portfolio.In addition, you will travel for 2 or 3 operations underwriting audits per year; provide underwriting training to others, assist in the development of new coverages and products in response to changing customer needs; and contribute your ideas for the continuous improvement of the underwriting process and systems development.This opening is based in our corporate office, located in Johnston, RI and is approved for domestic US relocation.Bachelor’s degree.High Hazard underwriting authority in one or more industries.10+ years’ experience in engineering and/or underwriting for large accounts including some high hazard occupancies.In-depth knowledge of both the physical characteristics of facilities engaged in the businesses represented by assigned occupancies as well as the financial and profit motivations that will likely impact risk.Strong analytical, problem solving, excel skills and attention to detail is required.A broad working knowledge of our business, including risk identification and assessment, property insurance coverage, forms, underwriting techniques, company standards and procedures, financial statements, and business computer applications.Excellent oral and written communications skills to develop and conduct formal and informal training develop clear and concise underwriting requirements and effectively communicate the results of portfolio analyses undertakenThe 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, 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.FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.#FMG#LI-TA1

Created: 2024-11-02