Associate Underwriter

Ryan Specialty, LLC; New York (NY); Hybrid; USD 82,000 - 102,000; Full time

Job summary

Ryan Specialty, LLC in the United States is seeking a Transactional Liability Underwriter Associate to build relationships with stakeholders and support M&A deal execution through underwriting knowledge and effective communication with brokers and clients.

The role involves handling files, preparing policy wording, and contributing to risk analysis while collaborating with lawyers, private equity firms, and deal principals to ensure seamless transaction progression.

Qualifications

• Bachelor’s degree in Business Administration, Finance, or Risk Management required.
• 1+ year of work experience in Financial or M&A Underwriting.

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.

Education

Bachelor’s degree in Business Administration, Finance, or Risk Management

Job description

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 (CMAA), 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 [e-mail]

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.

A multi-time winner of Newsweek’s Most Loved Workplaces and Insurance Business’s Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry.

Join our team and help provide innovative solutions for insurance brokers, agents and carriers.

Ryan Specialty, LLC and its affiliates (“Ryan Specialty”) do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters (“Agencies”), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialty’s agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between the Agency and Ryan Specialty. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty’s HR department and in compliance with Ryan Specialty’s candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.