Transactional Risk Analyst

Howden•New York, NY

6d•$90,000 - $100,000

About The Position

DUAL North America, Inc. is seeking a curious and self-motivated analyst to support the underwriting of policies for mergers and acquisitions (M&A). Private equity and strategic buyers in M&A deals seek policies to protect them from risk on the target companies they acquire. The analyst would serve underwriters on the team. The team itself has significant exposure to the full gamut of players in the M&A process: attorneys, insurance brokers and financial advisors. A de minimis portion of the role would also support tax underwriters in issuing transactional risk tax policies.

Requirements

Bachelor’s degree in risk management, Finance, Business or a related field preferred
0 – 1 year underwriter or insurance experience
Foundational knowledge of insurance principles
Undergraduate work experience or internships.
Ability to follow policies and procedures
Complete assigned tasks correctly, on time and able to learn quickly
Self-motivated and demonstrating attention to detail
Be able to work independently for extended periods
Excellent written and verbal communication skills as well as general business understanding
Must be able to remain in a stationary position 50% of the time, with occasional movement in the office to access cabinets and equipment

Nice To Haves

Interest in mergers and acquisitions is highly desirable.
Business or insurance knowledge is helpful but not required.
No tax knowledge needed.
Proficiency in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)

Responsibilities

Draft quotes for policies on prospective M&A deals: With the supervision of an underwriter, analysts review legal agreements and documents from investment banks and financial advisors. They then communicate them to underwriter.
File management: Support underwriter during active underwriting process by circulating and preparing relevant documentation and communication.
Analysis: Review of financial statements, confidential information memoranda from investment banks, legal agreements, and emails from counsel.
Policy issuance: Monitor outstanding subjectivities on various deals at the same time. Prepare formal documents when subjectivities are satisfied.
Liaise with brokers and counsel: First point of contact for broker requests on active deals. Communicate counsel opinion to broker for dissemination to deal’s buyer.
Compliance: Assist underwriters in appropriately documenting the underwriting process.