High Hazard Underwriting Specialist
1 month ago
FM Global is seeking a seasoned underwriting professional to join our team as an Assistant Vice President of High-Hazard Underwriting Occupancy Specialist. This role will involve leading a portfolio of high-hazard underwriting accounts, developing underwriting requirements, and collaborating with cross-functional teams to drive business growth and profitability.
Key Responsibilities- Lead a portfolio of high-hazard underwriting accounts, including mining, molten materials, chemical, pharmaceutical, power generation, pulp & paper, semiconductor, and digital industries.
- Develop and implement underwriting requirements, policies, and procedures to support business growth and profitability.
- Collaborate with cross-functional teams, including principal engineers, operations, and research, to develop and implement underwriting strategies.
- Provide leadership and guidance to operations underwriters, ensuring necessary support is available and impacts are understood prior to implementation.
- Travel for operations underwriting audits, provide underwriting training, and contribute to the development of new coverages and products.
- 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 undertaken.
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. We help 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.
We are an Equal Opportunity Employer and are committed to attracting, developing, and retaining a diverse workforce. Our comprehensive Total Rewards program 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.
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