Overview

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 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 position offers location flexibility, with candidates able to be based near any FM office. Depending on the candidate's experience and background, this role may also be considered at a senior level.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 LeadershipLead underwriting of complex construction projects, including direct engagement with brokers and clientsEvaluate risks, develop pricing strategies, and structure terms and conditions for large-scale builder's risk placementsMake clear, well-supported underwriting recommendations, including appropriate capacity deployment and risk selectionManage deals independently from initial engagement through execution, escalating selectively based on authority thresholdsBalance commercial objectives with underwriting discipline, adjusting approach based on project-specific risk factorsRisk Assessment & Portfolio ManagementAnalyze construction exposures, including contractor risk, project phasing, and key loss driversAlign individual underwriting decisions with broader portfolio strategy, including aggregation, capacity deployment, and risk concentrationMaintain accurate and up-to-date documentation of underwriting decisions within internal systemsMonitor market conditions, competitor activity, and portfolio performance to inform decision-makingClient & Broker EngagementBuild and maintain strong relationships with brokers, clients, and internal stakeholdersLead negotiations related to pricing, coverage structure, and terms and conditionsCommunicate recommendations clearly and effectively, maintaining credibility and trust with external partnersExercise appropriate challenge and negotiation discipline to achieve balanced outcomesCollaboration & Continuous ImprovementPartner with engineering, client service, and underwriting leadership to deliver integrated risk solutionsContribute to the development of underwriting frameworks, best practices, and scalable processesProvide guidance and mentorship to team members, as appropriateLeverage internal systems, tools, and technology to enhance underwriting effectiveness and efficiency Qualifications: 10+ years of property underwriting experienceDemonstrated experience underwriting construction risks, including large or complex projectsProven ability to manage deals end-to-end and operate within defined authority levelsExperience leading broker and client discussions, including negotiation of pricing and termsStrong understanding of construction risk exposures, project structures, and loss driversAdvanced analytical, problem-solving, and decision-making skillsAbility to assess and prioritize risks in a fast-paced, high-pressure environmentExcellent interpersonal, written, and verbal communication skillsBachelor's degree or equiv