Production Underwriter II

Overview

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. Our company 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.

We are currently seeking a talented Production Underwriter to join our AFM team in Zurich. This role requires regular travel to our Paris office and involves developing and growing a profitable portfolio of business in Switzerland, consistent with Corporate/AFM policies, business strategies, and objectives.

Responsibilities

• Promote and market AFM products and loss prevention engineering services to a network of broker producers to sustain a steady stream of desirable new business opportunities and a stable portfolio of existing customers.

• Research and recommend the appointment of new brokers and establish multiple business contacts within broker firms to maximize opportunities and maintain long-term relationships.

• Develop and maintain a profitable book of business:

o Evaluate and determine the acceptability of the risk throughout analysis of the broker submission. Collaborate with account engineering to complete an account risk assessment that determines the nature and level of loss prevention activity needed and identifies/quantifies risk improvement priorities.

o Complete a location-level evaluation of allowable net capacity and an account risk analysis to determine overall program structure and line setting parameters that optimize net retention.

o Skillfully negotiate final program coverage, pricing, terms, and conditions to recognize market conditions and meet customer needs in the most cost-efficient way.

o Maintain regular contact with the producer and customer as appropriate throughout the term of the policy to monitor and manage change in the customer's business and exposures.

Qualifications

• Bachelor's degree in engineering, business, or finance, or insurance or risk management certification desirable.

• For internal candidates, minimum 5 years' experience within FM Global in Engineering, Claims, or CST.

• Alternatively, minimum 5 years underwriting or broker experience within the industry (insurance or brokerage) with exposure to commercial property accounts of varying occupancies and sizes. An engineering background would be a plus.

• Knowledge of our business, including an understanding of risk identification and assessment, property insurance coverage, forms, financial statements, and business computer applications.

• Details-oriented, with excellent time management, planning, organization, and analytical skills.

• Business-oriented with sales/negotiation skills, and problem-solving and decision-making mindset.

• Pro-active, resilient, motivated, and perseverant.

• Good team player and able to work autonomously, demonstrating excellent judgment.

• Excellent interpersonal and communication skills (verbally and in writing) in English, French, German, and, if possible, Italian.

The role requires frequent travel in Switzerland and the Paris office.