Associate Underwriter

Position Summary

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.

Job 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.

Work Experience and Education

• 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.

Licenses & Certifications

• Prescribed: Minimum requirements for state P&C and/or surplus line licenses
• Preferred: Certified Merger and Acquisition Advisor (CM&AA), Associate in Risk Management (ARM)

Pay

The target salary range for this position is $81,840.00 - $102,300.00 annually. Full-time roles are eligible for bonuses and benefits.

Benefits

Ryan Specialty offers a comprehensive benefits package including paid time off for company holidays, vacation, sick and personal days, paid parental leave, and mental health services.