Insurance Underwriting Specialist
3 weeks ago
Account Manager Role
We are seeking a highly skilled Account Manager to join our Client Service Department at Factory Mutual Insurance Company. As an Account Manager, you will be responsible for performing insurance servicing and property underwriting activities on existing accounts and new business.
Key Responsibilities:
- Serve as the primary interface with clients and brokers on all aspects of the account, including insurance products and services, engineering, and claims services.
- Build and maintain excellent relationships with clients and brokers to drive long-term customer dedication to FM.
- Ensure profitability by retaining existing customers at equitable terms and conditions using FM's insurance capacity and improving risk management expertise and services.
- Maintain a deep understanding of FM's broad suite of products and services to deliver targeted client value.
- Provide leadership to the extended client service team to support clients' strategic goals and objectives.
- Support the development and implementation of formalized risk reduction and mitigation strategies with clients.
- Work closely with Business Development Executives to contribute underwriting expertise and relationship development support to qualify and win new client accounts.
- Protect FM's assets through effective use of company underwriting programs and adherence to published guidelines.
- Pursue professional development through licensing and continuing education to stay up-to-date on underwriting guidelines, policy forms, and insurance industry developments.
Requirements:
- Bachelor's degree or equivalent experience.
- 5+ years FM experience or 5+ years industry experience in servicing/underwriting large property accounts.
- Strong understanding of property loss prevention concepts.
- Familiarity with FM's client service process.
- Working knowledge of property insurance and forms, financial documents, and business computer applications.
- Demonstrated organizational ability, including problem-solving, sales/negotiation, leadership, and team-building skills.
- Knowledge of internal systems and Microsoft Office products.
What We Offer:
FM's comprehensive Total Rewards program, including 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.
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