Production Underwriter

FM Global
Reston, VA
Oct 12, 2017
Oct 16, 2017
Accountant, IT
Full Time
Overview - External 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. This exciting opportunity is with AFM. AFM is a division of the FM Global Group and is our A cents € oebest-in-classA cents € middle market property insurer. AFM is exploring new ways to expand and tailor coverage to meet our brokersA cents € (TM) and clientA cents € (TM) s ever-evolving business challenges. Drawing on the full strength of the FM Global 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 Responsibilities - External AFM is looking for a Production Underwriter to join the Reston, VA Office. This is an extremely important position because the AFM Production Underwriter is responsible for both new business production and renewal retention while maintaining underwriting profit and protecting the companyA cents € (TM) s assets. They must effectively market AFM products and services to a network of producers with whom long term relationships are developed, maintained and cultivated. The AFM Production Underwriter is responsible for profitable risk selection, negotiation of pricing, terms and conditions, and using creative underwriting strategies to optimize net retentions that effectively balance both customer and company needs. The Production Underwriter is responsible to coordinate account team resources in order to provide excellent and responsive services that add value to our broker and customer relationships. In addition, the role works closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification, analysis and assessment in order to ensure the development and growth of a profitable portfolio of business. AFM Production Underwriters primary relationships are with brokers and reinsurers for insurance related issues. Responsibilities include meeting specific profit, production, and retention goals as developed in consultation with the Area Manager. Multiple business contacts must be established and an effective program of calls must be executed to ensure high visibility with our broker partners. New risks must be pre-qualified based on acceptability today and its future potential, this includes a thorough analysis of the broker submission, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience. The companyA cents € (TM) s assets must be protected by adhering to company underwriting standards and procedures, this will include determining the amount subject, net capacity commitment, checking cross liability, management of catastrophe aggregate retentions, negotiating and purchasing reinsurance and establishing commissions in a manner most advantageous to the company. Qualifications - External Bachelors degree or equivalent; MBA or CPCU desirable 2-5 years AFM/FM Global experience in engineering, underwriting, or 5 years of industry experience (broker/insurance company) with property insurance. Sound working knowledge of our business including a good understanding of risk identification and assessment, property insurance coverage, insurance policy contracts, 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 as well as the ability to establish a network of property producers and industry contacts.

Similar jobs