Production Underwriter

Production Underwriter

Underwriting/Reinsurance Job ID 2023-14016 Primary Location: Johnston, Rhode Island 01/30/2024 Hiring Range: $114,300 - $164,200

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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.

The Renewables Unit is looking for a Renewable Energy Production Underwriter to join our international team servicing a global book of renewable energy clients. The Renewable Energy Production Underwriter is a dynamic and driven individual with a strong understanding of the renewable energy market. They possess excellent relationship management skills, allowing them to develop and foster strong connections with clients, brokers, and their team members. They have a deep understanding of their book of business and can lead an internal team to ensure its profitability. The ideal candidate is a proactive and strategic thinker, able to identify opportunities for growth and development within their portfolio.

• Develops and maintains positive and supportive relationships with key clients, brokers and internal stakeholders. Leverages these relationships to help meet client retention, company growth and profitability objectives.

• Provides leadership to the overall account team, ensuring that the account business plan is implemented effectively and efficiently. Leads the development of this plan through superior knowledge of client needs, market conditions and a strong risk selection process.

• Performs underwriting and insurance servicing activities on existing and prospective accounts, as needed, using knowledge of exposures specific to the renewable energy space, focusing on photovoltaic solar, onshore wind, and battery energy storage systems. This includes, but is not limited to, linesetting, managing reinsurance needs and placement, rating and pricing, terms and conditions, value analysis, certificates of insurance, preparation of quotations, assisting in proposal development.

• Collaborates with the Renewable Team Management on new business development and client servicing strategies.

• Stays abreast of renewable energy and insurance market trends, and broader portfolio performance. Including competitor offerings, strengths and weaknesses, profitability, emerging trends, etc.

• Develops an-depth knowledge of all aspects of our business, including an advanced understanding of risk identification and assessment, property insurance coverage, forms, underwriting techniques, company standards and procedures, financial statements and business computer applications.

• Provides leadership and coaching to the broader Renewables Energy Unit, and organization as needed.

• Learns and leverages internal systems, applications, procedures, and authority levels.

• Maintains complete and up-to-date documentation of decision making and key documents within internal systems as appropriate.

• Bachelor's degree in Business, Engineering or an equivalent preferred.

• Preferred recognized industry education designation (i.e., ARM, CPCU or equivalent)

• 5+ years of property Production Underwriting experience, with experience and credibility in the Renewable Energy market. US marketplace experience preferred; international experience is a benefit.

• Demonstrated track record in establishing and maintaining a strong network of collaborative industry contacts, identifying and supporting new prospect opportunities, and account retention.

• Excellent skills in sales/negotiation/presentation, verbal and written communication, planning and organizing, analysis, judgement, decision-making, problem solving, interpersonal relations, and team leadership.

• Strong organizational and time management skills required.

• Curious and driven to learn about new technologies, market practices, and trends.

• Intermediate proficiency level in the competencies of Exposure Analysis, Program Structure & Linesetting, Policy Terms & Conditions, Profitability Analysis & Pricing and Underwriting Guidelines.

Varying levels of experience and qualifications will be considered. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global's comprehensive Total Rewards program that 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.

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

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