Job details

Account Manager I

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Overview

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 a variety of challenging roles.

Responsibilities

Building and maintaining excellent relationships with clients and brokers to build long-term customer dedication to FM through the practical application and execution of our client service process.

Ensuring profitability by retaining existing customers at equitable terms and conditions using FM insurance capacity and improving our risk management expertise and services to improve client risk quality and dedication.

Maintaining an extreme level of understanding of our broad suite of products and services to ensure effective connectivity with individual account needs and delivery of targeted client value.

Providing leadership to the extended client service team to support our clients' strategic goals and objectives by providing professional advice and consultation on insurance coverage and risk management matters.

Supporting the development and implementation of formalized risk reduction and mitigation strategies with our clients in close collaboration with engineering counterparts and through our client service process.

Working closely with Business Development Executives on prospects to contribute high-quality underwriting expertise and relationship development support to qualify and win new client accounts.

Protecting FM's assets through effective use of company underwriting programs and adherence to published guidelines, including but not limited to risk transfer and line-setting techniques, judicious purchase of reinsurance, timely issuance of binders and policies, catastrophe aggregate analysis, maximum foreseeable loss development, and cross liability management.

Pursuing professional development through licensing and continuing education to keep abreast of underwriting guidelines, policy forms, loss prevention practices, and insurance industry developments.

Qualifications

Bachelor’s degree or equivalent experience; CPCU or ARM desired but not required!
3 - 5+ years FM experience or 3 - 5+ years industry experience (broker, insurance, reinsurance company) in servicing/underwriting large property accounts of varying occupancies.
A strong understanding of property loss prevention concepts is desired.
Strong familiarity with FM's client service process is helpful!
Working knowledge of property insurance and forms, financial documents, as well as business computer applications.
Demonstrated above-average organizational ability, including problem-solving, sales/negotiation, leadership, and team-building skills.
Knowledge of internal systems and Microsoft Office products.

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

Average salary estimate

$75000 / YEARLY (est.)

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$60000K

$90000K

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What You Should Know About Account Manager I, Factory Mutual Insurance Company

As an Account Manager I at FM Global in New York City, you will play a pivotal role in building and nurturing long-lasting relationships with clients and brokers. At FM Global, we pride ourselves on being a leading property insurer to some of the world's largest businesses, offering engineering-based risk management and insurance solutions that keep our clients’ operations running smoothly. You’ll dive into developing and implementing tailored risk reduction strategies while ensuring our clients receive the highest level of service along with a deep understanding of our extensive product offerings. Collaboration is key, and you’ll partner closely with Business Development Executives to bring high-quality underwriting expertise to potential new clients. Your journey will also involve leading a dedicated client service team to provide valuable insights and guidance on insurance coverage and risk management that cater specifically to client needs. As you pursue professional growth through licensing and continuing education, you’ll ensure adherence to company guidelines while protecting FM's assets. If you are passionate about delivering outstanding service and have a strong background in property insurance, this role offers an exciting opportunity to make a significant impact in a globally recognized company.

Frequently Asked Questions (FAQs) for Account Manager I Role at Factory Mutual Insurance Company

What are the primary responsibilities of an Account Manager I at FM Global?

The Account Manager I at FM Global primarily focuses on building solid relationships with clients and brokers, ensuring customer satisfaction, and managing client service processes. You'll also implement risk reduction strategies and collaborate with engineering teams to enhance client risk management capabilities while contributing to new account development.