Senior Underwriter, Tax Liability Insurance, M&A - Financial Lines

AIG • New York, NY

2d • $250,000 - $290,000 • Onsite

About The Position

Join us as a Senior underwriter, Tax Liability Insurance, M&A - Financial Lines to step up to a key team role that will drive business growth. Make your mark in Underwriting 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. How you will create an impact This role will be responsible for the structuring, underwriting and negotiation of tax liability insurance solutions. Among other things, in this role you will: Act as a senior point of contact for clients, brokers and other deal professionals with respect to tax liability insurance. Analyze and evaluate opportunities for tax insurance, including relevant documentation such as tax opinions, tax memoranda and diligence reports. Review and assess the underlying risk by performing tax research. 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. Participate on underwriting conference calls. Manage the underwriting process for the tax liability insurance product and, in cooperation with the legal department, the selection of and work performed by outside counsel. Present preliminary findings and conclusions to management. The Senior Underwriter will participate in the execution of the Group’s relationship development and marketing plan.

Requirements

• 4 or more years of experience in a tax advisory or tax analysis capacity at a law firm, public accounting firm or in-house.
• Ability to understand and execute commercial decision making against a backdrop of legal risk assessment
• Strong interpersonal skills and ability to collaboratively work on a global basis
• Ability to manage challenging workloads, and to prioritize competing needs on time.
• Ability to analyze a broad variety of tax issues for corporations, partnerships and individuals, including domestic and cross-border transactions, complex tax structures and operational tax issues.
• High competency in understanding complex tax structures, including those relating to M&A transactions and tax credit arrangements.
• Ability to multitask, and to be decisive on technical underwriting points.
• Ability to negotiate with commercially and legally sophisticated advisors and clients.
• Extremely proficient in drafting legal and commercial documents

Nice To Haves

• J.D. and/or LL.M. is a plus.
• Previous insurance or underwriting experience is a strong plus.

Responsibilities

• Act as a senior point of contact for clients, brokers and other deal professionals with respect to tax liability insurance.
• Analyze and evaluate opportunities for tax insurance, including relevant documentation such as tax opinions, tax memoranda and diligence reports.
• Review and assess the underlying risk by performing tax research.
• 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.
• Participate on underwriting conference calls.
• Manage the underwriting process for the tax liability insurance product and, in cooperation with the legal department, the selection of and work performed by outside counsel.
• Present preliminary findings and conclusions to management.
• Participate in the execution of the Group’s relationship development and marketing plan.

Benefits

• For positions based in New York, the base salary range is $250,000-$290,000. 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.
• 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