Commercial Property Insurance Underwriter

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. Are you passionate about building strong broker relationships and driving business growth? Take the next step in your career with FM Affiliated As a member of FM, FM Affiliated specializes in commercial property insurance for the corporate sector. We’re looking for a talented Commercial Property Insurance Underwriter (Internal job title: Production Underwriter ) to join our team in Sydney or Melbourne. This is a permanent, full-time opportunity. Key responsibilities include: Responsible for both new business production and renewal retention while maintaining underwriting profit and protecting companies’ 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. 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. Coordinate account team resources in order to provide excellent and responsive services that add new value to our broker and customer relationships. Working 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. FM Affiliated 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 District manager. Establish multiple business contacts, and implement an effective program of calls averaging 10 face to face visits a month to ensure high visibility. Travel is required for marketing including out-of-state travel as well as travel for training. 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 company’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, skills and experience Bachelor’s Degree or equivalent combination of education and experience 2-5 Years industry experience (broker/insurance company) as Underwriter for commercial property accounts of varying occupancies and sized Strong understanding of risk and coverage: including risk identification and assessment, property insurance coverage and forms, financial statements, and business applications Demonstrated skills in oral and written communication, collaboration, attention to detail, time management, analysis, decision-making, problem solving, sales/negotiation/presentation What is on offer: Career development and training opportunities Supportive and collaborative team environment Tuition reimbursement rich health and well-being programs volunteer days and so much more Ready to make an impact in a dynamic and collaborative environment? Take the next step in your career and apply today. Explore more about us: FM Website FM YouTube Channel Insure Your Career at FM Engineer Careers FM Resilience Although we value relevant experience and qualifications, we also believe in the potential for growth and learning; if you don’t meet all the criteria, we encourage you to apply and reach out for a conversation. FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce. Candidates must have the right to work in Australia to be considered for this role (Australian citizen, permanent resident, NZ resident) and the ability to travel without restrictions and within a few months of hire date, to various global locations including the United States. #J-18808-Ljbffr