Construction Underwriter

Job overview

Construction Underwriter - Johnston, RI. This is a hybrid position. Compensation is not specified. FM is a leading mutual insurance company dedicated to property risk management. This role is responsible for evaluating, structuring, and executing large-scale construction risks across complex infrastructure projects, leading broker and client engagement, and managing deals end-to-end.

What you'll do

• 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
• Manage deals independently from initial engagement through execution, escalating selectively based on authority thresholds
• Balance commercial objectives with underwriting discipline, adjusting approach based on project-specific risk factors
• 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
• Maintain accurate and up-to-date documentation of underwriting decisions within internal systems
• Monitor market conditions, competitor activity, and portfolio performance to inform decision-making
• Build and maintain strong relationships with brokers, clients, and internal stakeholders
• Lead negotiations related to pricing, coverage structure, and terms and conditions
• Communicate recommendations clearly and effectively, maintaining credibility and trust with external partners
• Exercise appropriate challenge and negotiation discipline to achieve balanced outcomes
• Partner with engineering, client service, and underwriting leadership to deliver integrated risk solutions
• Contribute to the development of underwriting frameworks, best practices, and scalable processes
• Provide guidance and mentorship to team members, as appropriate
• Leverage internal systems, tools, and technology to enhance underwriting effectiveness and efficiency

What we're looking for

Education

Bachelor's degree or equivalent experience

Experience

10+ years of property underwriting experience; Demonstrated experience underwriting construction risks, including large or complex projects; Proven ability to manage deals end-to-end and operate within defined authority levels; Experience leading broker and client discussions, including negotiation of pricing and terms; Strong understanding of construction risk exposures, project structures, and loss drivers; Advanced analytical, problem-solving, and decision-making skills; Ability to assess and prioritize risks in a fast-paced, high-pressure environment; Excellent interpersonal, written, and verbal communication skills

Skills & competencies

construction underwriter

underwriting

reinsurance

full time

fm

johnston ri

hybrid

travel required

Benefits & perks

• Medical, Dental and Vision Insurance, 401k Program, Pension Plan, Career Development Opportunities, Tuition Reimbursement, Flexible Work, Time Off

About the employer

FM is hiring for this role. Industry: Direct Property and Casualty Insurance Carriers. Sector: 52.