Factory Mutual Insurance Company Hiring! Full Time Production Underwriter in Hong Kong - Ricebowl

This is an opportunity to join the FMIC Hong Kong team as a Production Underwriter. The successful applicant will be responsible for developing and growing a profitable portfolio of business within an assigned territory, consistent with policies, business strategies and objectives.

This position will report to Martin Au-Yeung, Vice President, Client Service Manager.

Responsibilities:

• Promote and market essential products and loss prevention engineering services to a network of brokers to support a steady stream of desirable new business opportunities and a stable portfolio of existing customers.
• Develop/maintain and grow a profitable book of business:
  • Evaluate and determine the acceptability of the risk throughout analysis of the broker’s submission.
  • Collaborate with account engineering to complete an account risk assessment that determine the nature and level of loss prevention activity needed and identifies/quantifies risk improvement priorities.
  • Skillfully parley final account coverage, pricing, terms, and conditions to recognize market conditions and meet customer needs and expectations in the most cost-efficient way.
  • Maintain regular contact with brokers and clients as appropriate, throughout the term of the policy to monitor and manage change in the customer’s business and exposures.
• Provide excellent and responsive service to our broker and customer base that clearly leverages our strengths as a competitive differential in the marketplace.
  • Ensure that all submissions, proposals, policies, billing, and requests for midterm changes are handled expeditiously with documentation delivered in an accurate and timely fashion.
  • Provide professional advice and consultation on insurance coverage and risk management matters in the determination of customized coverage and underwriting solutions.
  • Assume a lead role working with other members of the Account Team to coordinate and deliver all products and services and demonstrates transactional speed and ease.
  • Coordinate account team resources to provide excellent and responsive service that adds value to our broker and customer relationships.
• Research and recommend the appointment of new brokers and establish multiple business contacts at appointed producers to maximize opportunities and maintain long term relationships.

Education

• Bachelor’s degree in engineering, business, or finance
• Insurance or risk management certification desirable

Experience

• Minimum 8 years commercial underwriting or broker experience with exposure to middle market property accounts of varying occupancies and sizes. An engineering background is an asset.
• Knowledge of our business including an understanding of risk identification and assessment, property insurance coverage, forms, financial statements, and business computer applications.

Skills and competencies

• Detail 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.
• Strong team player also able to work autonomously while demonstrating excellent judgment.
• Excellent interpersonal and communication skills (verbal and in written) in English.