Underwriter - property construction

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. The ideal candidate thrives in a fast-paced environment, demonstrates strong judgment and commercial acumen, and effectively balances opportunity with risk. 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 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 Monitor market conditions, competitor activity, and portfolio performance to inform decision-making Lead negotiations related to pricing, coverage structure, and terms and conditions Partner with engineering, client service, and underwriting leadership to deliver integrated risk solutions Demonstrated experience underwriting construction risks, including large or complex projects ~ Strong understanding of construction risk exposures, project structures, and loss drivers ~ Ability to assess and prioritize risks in a fast-paced, high-pressure environment ~ Bachelor's degree or equivalent experience required ~ 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.