Senior Underwriter, Financial Lines M&A

AIG Insurance • Parsippany, NJ

6d • $225,000 - $250,000 • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Underwriter, M&A, Financial Lines to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Make your mark in Underwriting AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

Requirements

• Strong written and oral communication skills; extremely proficient in drafting of legal and commercial documents
• Detailed understanding of complex corporate structuring and financing arrangements
• Ability to negotiate with commercially and legally sophisticated advisors and clients
• Highly focused, enthusiastic and creative thinker
• Strong interpersonal skills and ability to collaboratively work on a global basis
• Ability to understand and execute commercial decision making against a backdrop of legal risk assessment
• Ability to be a self-starter and work independently.
• High competency in understanding complex corporate M&A transactions and drafting transaction documents
• Strong negotiating skills
• Specific knowledge of transactional legal exposures (warranty breaches, tax structuring issues, litigation and computation and measure of damages)
• General knowledge of and ability to comprehend financial statements/financial reports/commercial reports
• Competency in preparing and giving presentations (PowerPoint, Excel, etc.) to brokers, regional offices, legal advisors and others.
• 5 or more years’ experience in M&A legal, corporate finance or other relevant business
• Specific experience with insurance sector or other financial institutions a strong plus.

Nice To Haves

• Specific experience with insurance sector or other financial institutions a strong plus.

Responsibilities

• Technical underwriting of insurable risks as they relate to corporate M&A transactions (including preparation of deal documents) and development of relationships with M&A source producers (brokers, lawyers and private equity fund principals).
• Responsible for the structuring, underwriting and negotiation of transactional insurance solutions, including representations and warranties insurance, tax liability insurance and contingent liability insurance.
• Conduct background research on the parties to a particular transaction and the industries in which they operate.
• Review and understand the client's motivation for requesting the insurance coverage, the role the insurance is playing in the transaction, and the value of the insurance to the transaction.
• Review and understand the agreements and other documentation relevant to the analysis and assessment of the risk.
• Analyze and assess the underlying risk in accordance with the relevant product line policies and procedures.
• Prepare and negotiate non-binding indication letters, insurance policies and binder agreements.
• Interact with clients, client’s advisors, brokers and other deal professionals.
• Participate on underwriting conference calls.
• Manage the underwriting process and, in cooperation with the legal department, the selection of and work performed by outside counsel.
• Present preliminary findings and conclusions to senior underwriters and management.
• Participate in the execution of the Group’s relationship development and marketing plan.
• Participate in the marketing of transactional insurance to brokers, private equity firms, law firms, investment banks, accounting firms, consulting firms, and prospective clients.
• Develop and prepare presentation, marketing and informational materials.
• Continue to develop and refine the suite of transactional insurance products offered to our clients.
• Participate in the formulation and implementation of the Group's strategy at the product line level.

Benefits

• For positions based in New York and New Jersey, the base salary range is $225,000-$250,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
• We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview .
• At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.
• Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees