FM Intelim Construction Underewriter Full Time

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 organizations, 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 Intellium is seeking a Construction Underwriter to join a dynamic, growth-focused team. This is a client-facing, deal-leading role responsible for evaluating, structuring, and executing large-scale construction risks across complex infrastructure projects.

This role operates at the front line of underwriting, leading broker and client engagement, making pricing and underwriting decisions, and managing deals end-to-end within established authority. The ideal candidate thrives in a fast-paced environment, demonstrates strong judgment and commercial acumen, and effectively balances opportunity with risk.

Underwriting & Deal Leadership

Lead underwriting of complex construction projects, including direct engagement with brokers and clients

Evaluate risks, develop pricing strategies, and structure terms and conditions for large-scale builder’s risk placements

Make clear, well-supported underwriting recommendations, including appropriate capacity deployment and risk selection

Manage deals independently from initial engagement through execution, escalating selectively based on authority thresholds

Balance commercial objectives with underwriting discipline, adjusting approach based on project-specific risk factors

Risk Assessment & Portfolio Management

Analyze construction exposures, including contractor risk, project phasing, and key loss drivers

Align individual underwriting decisions with broader portfolio strategy, including aggregation, capacity deployment, and risk concentration

Maintain accurate and up-to-date documentation of underwriting decisions within internal systems

Monitor market conditions, competitor activity, and portfolio performance to inform decision-making

Client & Broker Engagement

Build and maintain strong relationships with brokers, clients, and internal stakeholders

Lead negotiations related to pricing, coverage structure, and terms and conditions

Communicate recommendations clearly and effectively, maintaining credibility and trust with external partners

Exercise appropriate challenge and negotiation discipline to achieve balanced outcomes

Collaboration & Continuous Improvement

Partner with engineering, client service, and underwriting leadership to deliver integrated risk solutions

Contribute to the development of underwriting frameworks, best practices, and scalable processes

Provide guidance and mentorship to team members, as appropriate

Leverage internal systems, tools, and technology to enhance underwriting effectiveness and efficiency

Qualifications

10+ years of property underwriting experience

Demonstrated experience underwriting construction risks, including large or complex projects

Proven ability to manage deals end-to-end and operate within defined authority levels

Experience leading broker and client discussions, including negotiation of pricing and terms

Strong understanding of construction risk exposures, project structures, and loss drivers

Advanced analytical, problem-solving, and decision-making skills

Ability to assess and prioritize risks in a fast-paced, high-pressure environment

Excellent interpersonal, written, and verbal communication skills

Bachelor’s degree or equivalent experience required

CPCU, ARM, or advanced degree preferred

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 that includes an incentive plan, medical, dental and vision insurance, life and disability insurance, well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, and time off, including vacation and sick time.

FM is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.