Transaction Liability Associate

Alliant Insurance Services•New York, NY

About The Position

The Transaction Liability Associate provides direct support to the senior broking team on client and carrier matters, including analyzing carrier indications, preparing preliminary indication presentations, managing underwriting calls, and obtaining and delivering issued policies. The role also creates and tracks group performance metrics and trains and assists the Transaction Liability Analyst team with analyst duties. The associate supports placements for Alliant clients involving representations and warranties insurance for M&A and real estate deals, tax liability insurance, litigation insurance, and insurance for other contingent risks in M&A and non-M&A situations. The position also contributes to marketing, recruitment, client relations, compliance, billing, policy review, and the development of databases and processes for tracking deal-related information.

Requirements

Bachelor’s degree in Business Administration, or an equivalent combination of education and experience.
Two or more years of related work experience.
Experience in legal, tax, or accounting.
Valid insurance license and continued compliance with license renewal requirements.
Proficiency in Microsoft Office Suite.
Strong analytical and research skills.
Strong verbal and written communication skills.
Strong customer service skills, including telephone and listening skills.
Excellent attention to detail.
Ability to perform legal research.
Ability to prioritize work across multiple projects and meet deadlines.
Ability to work collaboratively within a team and foster teamwork.

Responsibilities

Support the senior broking team with insurance placements for Alliant clients, including representations and warranties, tax liability, litigation, and other contingent risk insurance.
Produce complex financial analysis.
Allocate jobs assigned by senior brokers and ensure analysts meet deadlines.
Review analysts’ work and train and assist the Transaction Liability Analyst team with analyst duties.
Assist with analyst recruitment, client relations, legal compliance, meeting agendas, and networking.
Lead marketing efforts, including research and creating marketing materials, white papers, and other external communications.
Review and summarize key parts of insurance indication letters and transaction documents.
Communicate with insurance companies, clients, and client advisors by telephone and email.
Prepare underwriting submissions, indication decks, and binding packages.
Review M&A data rooms, financial statements, legal documents, and other relevant materials.
Organize and participate in underwriting calls with carriers and clients.
Coordinate compliance filings and internal audits.
Assist with billing and follow up with clients on overdue accounts.
Review policy documents for accuracy.
Complete post-binding subjectivities, including delivery of data room contents, closing sets, and surplus line forms.
Create databases and processes to track deal-related information, client lists, and meetings.
Comply with agency management system data standards and maintain complete and accurate information.
Perform other duties as assigned.