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.
Our program will focus on the day-to-day business handlings of our three core business functions - underwriting, engineering and claims.
Responsibilities:
This position is accountable for developing basic underwriting and engineering skills needed for identification and assessment of risk. This skill set is used for application of underwriting standards. Individuals in this position will be exposed to underwriting, engineering, relationship management and client servicing.
Provides assistance to Account Managers in handling underwriting details such as rating and pricing, analysis of coverages, terms and conditions, value analysis and certificates of insurance.
Gains and maintains a good knowledge of the underwriting guidelines, policy terms and conditions, profitability analysis and pricing to assist the account manager in program analysis and design.
Gains an understanding of FM's capabilities and processes.
Learns loss prevention and control concepts, including how to read and utilize information from Risk Reports and utilize their knowledge to assist the Account Manager in exposure identification and analysis.
Qualifications
Academic Credentials (3.0 GPA or above)
Plan to graduate with a bachelor's degree in preferably Finance, Risk Management, or other applicable degree
Ability to work full-time during summer internship and commute to assigned operation throughout internship
Outstanding analytical, problem solving, negotiation and computer skills
Ability to work with financial data
Excellent presentation and interpersonal skills
Attention to detail is required
FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
Numbers & Facts
Location
Plymouth, MN
Skills
Analysis Skillsunmatched
Business Operationsunmatched
Computer Skillsunmatched
Customer Support/Serviceunmatched
Detail Orientedunmatched
Engineeringunmatched
Financeunmatched
Fortune 1000 Customersunmatched
Insurance Documentationunmatched
Interpersonal Skillsunmatched
Loss Preventionunmatched
Negotiation Skillsunmatched
Pricingunmatched
Problem Solving Skillsunmatched
Profit & Loss Analysisunmatched
Property Insuranceunmatched
Riskunmatched
Risk Analysisunmatched
Risk Managementunmatched
Sales Managementunmatched
Underwritingunmatched
Value Analysisunmatched
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