Renewable Energy Tax Credit Ins Underwriter

Munich Re Careers • Hartford, CT

5d

About The Position

We seek a tax insurance underwriter (an “Underwriter”), a specialized professional with a JD, LLM and Big Law experience, who evaluates risks associated with specific tax positions to provide insurance coverage. Tax insurance policies protect taxpayers against the loss of a tax benefit or the imposition of a tax liability by authorities like the IRS or courts. The Underwriter would sit at the intersection of complex tax law and corporate finance working with a senior tax underwriter. He or she would analyze low probability, high magnitude tax risks in the context of renewable energy investments.

Requirements

• A Juris Doctor (JD) and Master of Laws (LL.M.) in taxation.
• 10+ years of experience in a Big Law tax department.
• Ability to digest quickly hundreds of pages of documents to find, understand and evaluate tax risk.
• Understanding how a tax law risk fits into a business deal.
• Ability and willingness to collaborate with multiple stakeholders in a multinational company.

Nice To Haves

• Ensuring the eligibility of renewable energy projects for investment tax credits or production tax credits.

Responsibilities

• Review extensive factual materials, tax memos, and other legal opinions, and perform legal research to assess the strength of a tax position.
• Evaluate the likelihood of a successful challenge by tax authorities.
• Analyze transaction structures for potential pitfalls.
• Draft bespoke insurance policies that define exactly which tax risks are covered and which are excluded.
• Determine the appropriate premium based on the complexity and soundness of the tax position.
• Work with brokers and clients to finalize coverage limits and retention amounts.
• Maintain accurate and detailed records of underwriting activities to ensure compliance and support effective communication with stakeholders.
• Collaborate with others to integrate insurance into a broader insurance business.
• Stay current on legislative changes, court cases, regulatory guidance and professional commentary to be up-to-date with the latest views on tax matters from the government and private bar and to identify new areas for insurance coverage.

Benefits

• Diversity and Inclusion as a solution to the challenges and opportunities all around us.
• An inclusive culture and a workforce that reflects the customers we serve and the communities in which we live and work.
• A workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day.
• Recruit and develop talent with a focus on providing our customers the most innovative products and services.
• Equal opportunity employer.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree