Transactional Risk Underwriter

MS FIRST CAPITAL INSURANCE LIMITED; Singapore; On-site; SGD 60,000 - 110,000; Full time

Job summary

MS First Capital Insurance Limited in Singapore seeks a highly motivated Transactional Risk Underwriter to join our underwriting team. The role focuses on underwriting M&A-related products, including Warranty & Indemnity and Tax Liability Insurance, with collaboration across MGAs, brokers, reinsurers, lawyers, and clients.

The successful candidate will assess transaction risks, structure policy terms, and support deal negotiations while ensuring compliance with our risk appetite and

Qualifications

• Bachelor’s degree in Law, Finance, Accounting, Economics, or related discipline.
• Advanced degrees (JD, LLM, CPA, CFA) are advantageous.
• 3 to 8 years of relevant experience in transactional risk/M&A underwriting.
• Experience in corporate law, due diligence, investment banking, or tax advisory.
• Strong understanding of M&A processes and transaction documentation.
• Excellent negotiation and communication skills.

Responsibilities

• Assess and underwrite risks in M&A transactions including W&I and tax liability insurance.
• Review SPAs, disclosures, and due diligence reports to identify exposures.
• Structure policy terms, coverage, limits, deductibles, and pricing.
• Draft NBIs and wordings; coordinate internal approvals.
• Collaborate with brokers, MGAs, reinsurers, and clients throughout the lifecycle.
• Monitor portfolio performance and ensure regulatory compliance.

Skills

M&A underwriting

Legal risk analysis

Negotiation

Communication

Attention to detail

Multitasking

Stakeholder management

Education

Law/Finance degree

Advanced degrees (JD/LLM/CPA/CFA) advantageous

Job description

For the past 75 years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the 1950s where we engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of ‘A+ (Superior)’ with ‘Stable’ outlook has been reaffirmed by AM Best, given our consistently impressive financial performance. We are also recently awarded Top 300 Employer by the Singapore Opportunity Index for our effort in creating meaningful career pathways, fostering inclusive growth, and investing in our employees' potential.

As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector. As a member of our talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Role Overview

We are seeking a highly motivated and detail-oriented Transactional Risk Underwriter to join our underwriting team. The role focuses on underwriting specialized insurance products supporting mergers and acquisitions (M&A), including Warranty & Indemnity (W&I) Insurance and Tax Liability Insurance (TLI).

The successful candidate will work closely with MGAs, brokers, reinsurers, legal advisors, tax experts, and corporate clients to assess transaction risks and assist in structuring tailored insurance solutions. The salary range indicated in this job posting is strictly a guide and the compensation package offered to the final candidate will be commensurate with his/her experience.

Key Responsibilities

Underwriting

1. Assess and underwrite risks associated with M&A transactions, including:
2. Warranty & Indemnity (W&I) insurance
3. Tax liability insurance
4. Contingent risks / bespoke deal-related coverages
5. Review transaction documentation such as Sale and Purchase Agreements (SPAs), Disclosure letters and due diligence reports (legal, financial, tax, commercial)
6. Identify potential risk exposures, exclusions, and coverage
7. Deliver timely underwriting decisions aligned with the Company’s risk appetite and capacity
8. Coordinate internal approvals

Risk Analysis & Structuring

• Evaluate legal, financial, and tax due diligence materials to understand key risk drivers
• Work with external advisers (law firms, tax advisors, accountants) to analyse transaction risks
• Structure policy terms, including coverage scope, exclusions, limits, deductibles, and pricing
• Draft and negotiate Non-Binding Indications (NBIs), binders, and policy wordings

Stakeholder Engagement

• Collaborate closely with brokers, MGAs and reinsurers throughout the transaction lifecycle
• Participate in underwriting calls, diligence sessions, and deal negotiations
• Provide technical underwriting guidance to clients and brokers

Portfolio Management

• Monitor and manage portfolio performance, including exposure aggregation
• Support claims assessment where required, working alongside the claims teams
• Ensure compliance with internal underwriting guidelines and regulatory requirements

Market Development

• Build and maintain relationships with MGAs, brokers, reinsurers, law firms, and transaction advisors
• Support business development initiatives and contribute to pipeline growth
• Stay informed of trends in M&A markets, insurance products, and regulatory developments

Requirements

Education

• Bachelor’s degree in Law, Finance, Accounting, Economics, or a related discipline
• Advanced degrees (e.g., JD, LLM, CPA, CFA) are advantageous

Experience

3 to 8 years of relevant experience in one or more of the following:

• Transactional risk / M&A underwriting
• Corporate law (M&A/private equity)
• Transaction advisory / due diligence
• Investment banking or corporate finance
• Tax advisory (particularly transaction tax)

Skills & Competencies

• Strong understanding of M&A processes and transaction documentation
• Ability to analyze legal, financial, and tax risks in complex transactions
• Commercial mindset
• Excellent negotiation and communication skills
• High attention to detail and ability to work under pressure
• Strong organizational and multitasking abilitiesCollaborative team player with client-facing confidence

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer [e-mail] for more information on the retention and disposal of your personal data.