Transactional Liability Underwriting Associate

Ryan Specialty • New York, NY

53d • $69,600 - $87,000

About The Position

The Transactional Liability Underwriter Associate is responsible for building relationships with stakeholders, underwriting successful M&A deal execution and communicating effectively with brokers and clients. The role manages files for underwriters, prepares policy wording, non-binding indication letters, insurance policies and binder agreements to ensure seamless transaction progression. They compile data for portfolio reporting, review critical transaction documents, and assist with risk analysis. What will your job entail?

Requirements

• Bachelor’s degree in Business Administration, Finance, or Risk Management required. Any other related discipline or commensurate work experience considered.
• 1+ year of work experience in Financial or M&A Underwriting.
• Prescribed: Minimum requirements for state P&C and/or surplus line licenses

Nice To Haves

• Preferred: Certified Merger and Acquisition Advisor (CM&AA), Associate in Risk Management (ARM)

Responsibilities

• Supports underwriters in managing files and reviewing documents, assists with quoting, and preparation of policy wording, non-binding indication letters and binder agreements.
• Compiles data and reporting on the transactional liability portfolio, generates valuable insights for risk management and strategic decision-making in line with the M&A underwriting strategy.
• Reviews and drafts deal transaction documents, ensures accuracy and alignment with underwriting objectives specifically for representations and warranties insurance, tax liability insurance and contingent liability insurance products.
• Collects relevant underwriting information from sources, assesses factors such as business sector, deal structure, jurisdiction, and indemnification obligations to make decisions.
• Fosters relationships with insurance brokers, lawyers, private equity firms, M&A deal principals, and internal colleagues for successful deal execution.
• Communicates policy details, updates, and resolves policy issues with brokers, clients, and internal stakeholders, building trust and loyalty.
• Liaises with internal and external legal counsel when needed, facilitates smooth and transparent communication and efficient resolution of legal matters within transactions.
• Utilizes comprehensive training programs to gain deep knowledge of transactional liability underwriting principles, best practices, and industry trends.
• Participates in process improvement initiatives, brainstorms innovative solutions, and contributes to shaping the future of the transactional liability underwriting team by leveraging understanding of warranties & indemnity, tax & contingence insurance.

Benefits

• Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals.
• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
• For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees