At a Glance
- Tasks: Join our Renewable Energy Construction team to support global projects and clients.
- Company: FM, a leading mutual insurance company with nearly 200 years of expertise.
- Benefits: Competitive salary, diverse workforce, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on innovation and sustainability.
- Why this job: Make a real impact in renewable energy while developing your skills in underwriting.
- Qualifications: Bachelor’s degree and 2+ years of underwriting experience preferred.
The predicted salary is between 45000 - 55000 £ per year.
Job
Description: Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners.
These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organisations, including one of every four Fortune 500 companies.
They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
FM Renewable Energy is seeking an underwriter to join our Renewable Energy Construction team, supporting a global portfolio of renewable energy clients and construction projects.
This role will support our clients and broader client service teams in structuring programs, placing reinsurance, and will lead the underwriting assessment process through application of their authority and documentation of conclusions in FM systems and applications.
Close collaboration will be required with the Account Manager, Renewable Engineer, broker partners, and clients alike.
Responsibilities: Support account teams with underwriting activities and strategic account objectives, including exposure analysis, pricing, terms and conditions, program structure, reinsurance coordination, certificate and quotation preparation, and proposal support.
Participate in insurance program and policy development, working with internal operations teams to review documentation and maintain strong quality control over final materials delivered to clients and brokers.
Develop and maintain strong knowledge of FM’s underwriting guidelines, policy terms and conditions, pricing approach, and profitability analysis to support sound program design and sustainable portfolio performance.
Support account servicing activities, including preparation for internal and client-facing meetings, presentations, and proposals, while continuing to develop effective communication and presentation skills.
Leverage external and internal relationships to understand clients' exposures, operating strategies and business goals, and ensures mutually agreed project plans meet the long-term loss prevention, underwriting, and risk transfer goals of both the client and FM.
Stay abreast of renewable energy and insurance market trends, and broader portfolio performance.
Including competitor offerings, strengths and weaknesses, profitability, emerging trends, etc.
Learn and effectively use FM’s underwriting systems, applications, procedures, and delegated authority framework.
Ensure underwriting documentation (policies, binders, endorsements) is accurate, complete, and properly issued, with underwriting decisions and rationale clearly documented in internal systems.
Qualifications: Bachelor’s degree or equivalent; CIP designation desirable.
A minimum of 2+ years’ experience in underwriting.
Demonstrated ability to make sound underwriting decisions, apply underwriting guidelines, and learn new systems and tools in a structured underwriting environment.
Strong analytical, problem solving, computer skills and attention to detail is required.
Working knowledge of account management, business communication, exposure analysis, negotiation, presentation skills, relationship management, and insurance program structure.
Strong interpersonal, planning, and organizational skills, with experience applying policy terms and conditions, pricing considerations, profitability analysis, and underwriting guidelines.
Experience with policy review, insurance program structure, global placements, complex property accounts, and multi-carrier placements is preferred.
Curious and driven to learn about new technologies, market practices, and trends.
Associateship of the Chartered Insurance Institute (ACII) or Chartered Property Casualty Underwriter (CPCU) designation would be an advantage.
Varying levels of experience and qualifications will be considered.
FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
Construction Underwriter - FM Renewable Energy employer: FM
FM is an exceptional employer that values innovation and collaboration, offering a dynamic work culture where finance professionals can thrive. With a strong focus on employee growth, we provide ample opportunities for professional development and advancement within the EMEA region. Our commitment to fostering a supportive environment ensures that you can leverage your skills while making a meaningful impact on strategic decision-making.
StudySmarter Expert Advice🤫
We think this is how you could land Construction Underwriter - FM Renewable Energy
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like FM). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like FM. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Construction Underwriter - FM Renewable Energy
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at FM.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at FM. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at FM
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at FM to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at FM, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding FM's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
