FPG Mercantile Insurance has built an enviable reputation for developing customer insights that support the creation of relevant commercial and individual insurance products and solutions.

Job Summary:

The Senior Property Underwriter will handle property accounts, determine appropriate coverage and pricing, work closely with Sales, Brokers, Agents, and other distribution channels, and contribute to maintaining a profitable and well-balanced property insurance portfolio.

What You'll Do:

Review and assess new and existing property insurance accounts based on risk characteristics and underwriting guidelines.
Analyze risk exposures and determine appropriate terms, conditions, coverage, and rates.
Evaluate the acceptability of risks within the company's risk appetite and delegated authority.
Work closely with Sales, Brokers, Agents, and other distribution channels to understand client requirements and develop appropriate insurance solutions.
Review policy information, risk details, and supporting documents to ensure completeness and accuracy.
Monitor portfolio performance, including profitability and loss ratio, and identify potential risk concerns or improvement opportunities.
Ensure that all underwriting activities comply with company policies, underwriting guidelines, regulatory requirements, and reinsurance arrangements.
Coordinate with internal stakeholders to ensure timely processing and resolution of underwriting requirements.
Provide technical recommendations and support on property underwriting matters.
Assist in maintaining accurate underwriting records and documentation.
Support continuous improvement of underwriting processes and service delivery.
Perform other related underwriting duties and responsibilities assigned by management.

What You Need to Have:

Bachelor's degree in any four-year course.
Minimum of two (2) years of relevant work experience, preferably in Property/Fire Underwriting or Non-Life Insurance.
Knowledge and experience in Property Risk Assessment.
Strong understanding of Risk Selection and Pricing.
Knowledge of Policy Wording and Coverage Analysis.
Strong analytical and decision-making skills.
Excellent attention to detail and accuracy.
Good verbal and written communication skills.
Ability to work effectively with Sales, Brokers, Agents, and other stakeholders.
Ability to review and recommend appropriate underwriting terms based on risk characteristics.
Knowledge of underwriting guidelines, limits of authority, regulatory requirements, and reinsurance arrangements is an advantage.
Customer-focused, organized, and able to manage multiple priorities in a fast-paced environment.

Sr. Underwriter (Fire/Property)