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Posted: Thursday, September 7, 2017 12:48 AM

Position Description:
Purpose: Technical underwriting of insurable risks as they relate to corporate M&A transactions (including preparation of deal documents) and development of relationships with M&A source producers (brokers, lawyers and private equity fund principals).

Main Duties/Accountabilities/Key Performance Indicators: The Senior Underwriter will be responsible for the structuring, underwriting and negotiation of transactional insurance solutions, including representations and warranties insurance, tax liability insurance and contingent liability insurance. Among other things, the Underwriter will:

  • Conduct background research on the parties to a particular transaction and the industries in which they operate.

  • 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.

  • Interact with clients, client’s advisors, brokers and other deal professionals.

  • Participate on underwriting conference calls.

  • Manage the underwriting process and, in cooperation with the legal department, the selection of and work performed by outside counsel.

  • Present preliminary findings and conclusions to senior underwriters and management.


Position Requirements:

Competencies:

  • Strong written and oral communication skills; extremely proficient in drafting of legal and commercial documents;
  • Detailed understanding of complex corporate structuring and financing arrangements;
  • Ability to negotiate with commercially and legally sophisticated advisors and clients;
  • Highly focused, enthusiastic and creative thinker;
  • Strong interpersonal skills and ability to collaboratively work on a global basis;
  • Ability to understand and execute commercial decision making against a backdrop of legal risk assessment; and
  • Ability to be a self starter and work independently.

Technical Skills & Knowledge:

  • High competency in understanding complex corporate M&A transactions and drafting transaction documents;
  • Strong negotiating skills;
  • Specific knowledge of transactional legal exposures (warranty breaches, tax structuring issues, litigation and computation and measure of damages);
  • General knowledge of and ability to comprehend financial statements/financial reports/commercial reports; and
  • Competency in preparing and giving presentations (PowerPoint, Excel, etc.) to brokers, regional offices, legal advisors and others.

Experience:

  • Minimum of 5 years of experience in M&A legal, corporate finance or other relevant business; and
  • Specific experience with insurance sector or other financial institutions a strong plus.


About Us:

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Join our Talent Network at www.aig.com/talentnetwork. Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.


Notice Text:


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• Location: Manhattan

• Post ID: 131145252 manhattan
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