Production Underwriter

Location US-CA-Woodland Hills
Job ID
# Positions
Work Location
Works from an office location
Employee Type

Overview - External

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.


This exciting opportunity is with AFM, our “best-in-class” middle market property insurer.  AFM is exploring new ways to expand and tailor coverage to meet our brokers’ and client’s ever-evolving business challenges. Drawing on the full strength of the FM Global Group, we help our clients choose how to best identify, prioritize and reduce future loss in a way that makes practical and affordable sense. We distribute our property insurance products and engineering solutions exclusively through a network of brokers. We value long-term relationships that provide the realization of greater value by deploying the skills of our highly trained account engineers and production underwriters


Responsibilities - External

 AFM is looking for a Production Underwriter to join the Woodlands Hills, CA Office. This is a unique opportunity to be part of and help maintain and grow one of the largest AFM office in the country. This is an extremely important position because the AFM Production Underwriter is responsible for both new business production and renewal retention while maintaining underwriting profit and protecting the companies assets. They 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 in order to provide excellent and responsive services that add value to our broker and customer relationships


In addition, the role 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. 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 District manager. Multiple business contacts must be established and an effective program of calls must be executed 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 - External



Bachelors degree or equivalent; MBA or CPCU desirable

2-5 years AFM or FM Global experience or 5 years industry experience (broker/insurance company) as a Production Underwriter for AFM accounts of varying occupancies and sizes.

Sound working knowledge of our business including a good understanding of risk identification and assessment, property insurance coverage, forms, financial statements and business computer applications. Demonstrated skills in oral and written communication, time management, analysis, decision-making, problem solving, sales/negotiation/presentation and leadership as well as the ability to establish a network of property producers and industry contacts.