Underwriter Jobs in Boston, MA

Join us as a Senior Underwriter, Representations and Warranties - M&A Financial Lines to play a highly influential role in protecting our clients and growing our business.

Make your mark in Underwriting

AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact

This key role focuses on technical underwriting of insurable risks as they relate to Representations and Warranties transactions (including analysis of deal documents and due diligence) and development of relationships with M&A source producers (brokers, lawyers, private equity fund principals, and corporate professionals). The Senior Underwriter will be responsible for the structuring, underwriting and negotiation of transactional insurance solutions, with a principal focus on representations and warranties insurance.

Among other things, the Senior 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.
• Lead and participate on underwriting conference calls.
• Manage the underwriting process and the selection of and work performed by outside counsel and other advisors.
• Present preliminary findings and conclusions to management.
• The Senior Underwriter will participate in the execution of the Group’s relationship development and marketing plan. Among other things, the Senior Underwriter will:
  • Participate in the marketing of transactional insurance products to brokers, private equity firms, law firms, investment banks, accounting firms, consulting firms, and prospective clients.
  • Develop and prepare presentation, marketing and informational materials.
  • Continue to develop and refine the suite of transactional insurance products offered to our clients.
  • Participate in the formulation and implementation of the Group's strategy at the product line level.

What you will need to succeed

LEADERSHIP SKILLS:

• 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, brokers and clients;
• Highly focused, enthusiastic and creative thinker;
• Ability to manage a complex underwriting process, assess risk and stay organized;
• 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 & EXPERIENCE:

• 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, quality of earnings reports and other commercial due diligence materials;
• Competency in preparing and giving presentations to brokers, regional offices, legal advisors, clients and others;
• 5 or more years’ experience in M&A legal, underwriting, corporate finance or another relevant business; and
• Specific experience with insurance sector or other financial institutions a strong plus.

Ready to take your career to the next level? We would love to hear from you.

For positions based in New York, the base salary range is $230,000-$250,000. For positions based in Washington DC, the base salary range is $230,000-$250,000. For positions based in Los Angeles, the base salary range is $230,000-$250,000. For positions based in San Francisco, the base salary range is $230,000-$250,000. For positions based in Colorado, the base salary range is $230,000-$250,000. For positions based in Massachusetts, the base salary range is $230,000-$250,000.

In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience and qualifications. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.

#LI-AIG #toptierlaw #M&AInsuranceUnderwriting

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

We consider qualified applicants with criminal histories, consistent with applicable law.

UW - Underwriting

Risk Specialists Companies Insurance Agency, Inc.