Associate Underwriter

Ryan Specialty • Full-time • New York - New York - 1185 Ave of Americas, United States of America • 1d ago

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.

What will your job entail?

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)

*****Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time*****

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $81,840.00 - $102,300.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.