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Senior Underwriter, Representations and Warranties - M&A Financial Lines
Career Insights for Insurance Underwriter (General)
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Based on New York data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$88,265 / year median in New York
-11% projected decline
Job Description
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 step up to new challenges? We would love to hear from you. The base salary range for this position is $220,000-$250,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. If your compensation expectations are above the posted range, we still encourage you to apply - your unique background matters to us. 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 .Functional Area:
UW - Underwriting Risk Specialists Companies Insurance Agency, Inc.Benefits
- Professional Development
- Dental Insurance
- Employee Programs