More information about this job:Overview:AFM is looking for a Production Underwriter I to join the Los Angeles office.
The AFM Production Underwriter I is responsible for both new business production as well as renewal retention while maintaining underwriting profit and protecting the companys assets.
The Production Underwriter demonstrates team leadership and initiative, good judgment, and decision-making skills.
Responsibilities:The Production Underwriter I must effectively market AFM products and services to a network of producers with whom long term relationships are developed, maintained, and cultivated.
The AFM production underwriter is 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.
The Production Underwriter is responsible to coordinate account team resources to provide excellent and responsive services that add value to our broker and customer relationships.The Production Underwriter I works 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 in the Los Angeles territory.
AFM 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 Regional and Area manager.Multiple business contacts must be established, and an effective program of calls must be executed averaging 8-10 face-to-face visits a month to ensure high visibility.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 companys assets must be protected by adhering to company underwriting standards and procedures.
This will include determining the amount subject and net capacity commitment, in addition to checking cross liability, managing catastrophe aggregate retentions, negotiating, and purchasing reinsurance and establishing commissions in a manner most advantageous to the company.
Qualifications:This position requires someone with a bachelors degree or equivalent.MBA or CPCU desirable and a minimum of 3 years of F& EC field engineering and/or 2-5 years Account Underwriting or equivalent industry exposure (broker/insurance company) as a Production Underwriter for commercial property accounts of varying occupancies and sizes.The candidate must also have experience dealing with a variety of occupancies, as well as current engineering and underwriting issues such as current property coverages and forms, and/or quickly learn and keep updated on industry state of the art.Additionally, this person will be proficient in and have excellent organizational, time management, problem solving, decision making, interpersonal and selling skills and a working knowledge of MS Office products.FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.Please note that all FM Global visitors, including external candidates interviewing for open positions will be required to be vaccinated and should be prepared to provide proof of vaccination.