Job Information
FM FM Affiliated Underwriter Summer Intern in CLEVELAND, Ohio
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 various challenging roles.
Our 12 week program will focus on the day to day business handlings of our three core business functions - underwriting, engineering and claims.
This position is accountable for developing basic underwriting and engineering skills needed for identification and assessment of risk. This skill set is used for application of underwriting standards. Individuals in this position will be exposed to underwriting, engineering, relationship management and client servicing.
Provides assistance to Account Managers/Production Underwriters in handling underwriting details such as rating and pricing, analysis of coverages, terms and conditions, value analysis and certificates of insurance.
Gains and maintains a good knowledge of the underwriting guidelines, policy terms and conditions, profitability analysis and pricing to assist the account manager in program analysis and design.
Gains an understanding of FM and FM Affiliate's capabilities and processes.
Learns loss prevention and control concepts, including how to read and utilize information from Risk Reports and utilize their knowledge to assist the Account Manager/Production Underwriters in exposure identification and analysis.
Academic Credentials (3.0 GPA or above)
Outstanding analytical, problem solving, negotiation and computer skills
Ability to work with financial data
Excellent presentation and interpersonal skills
Attention to detail is required
The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program, which 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 is an Equal Opportunity Employer committed to attracting, developing, and retaining a diverse workforce.