Ethos Specialty - Assistant Vice President, Tax Underwriter

Ethos Specialty; New York (NY); On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking an Assistant Vice President, Tax Underwriter to join their dynamic team. This role involves underwriting tax risks and providing innovative tax insurance solutions, requiring strong analytical and negotiation skills. The ideal candidate will have a solid background in tax law or accounting, with the ability to navigate complex corporate tax structures. This is a unique opportunity to contribute to a leading firm in the insurance sector, where your expertise will help shape strategic decisions and drive impactful outcomes. If you're ready to take your career to the next level in a collaborative and entrepreneurial environment, this position is for you.

Qualifications

• 3-5 years of tax experience in law or accounting firms.
• Strong understanding of complex corporate tax structuring.

Responsibilities

• Underwrite tax risks and provide tax insurance solutions.
• Review transaction agreements and analyze tax risks.
• Interact with clients and manage the underwriting process.

Skills

Written communication skills

Oral communication skills

Negotiation skills

Interpersonal skills

Analytical skills

Multitasking

Understanding of corporate tax structuring

Ability to analyze tax issues

Education

Bachelor's Degree

Law Degree or CPA

Tools

Microsoft Office Suite

Job description

Ethos Specialty - Assistant Vice President, Tax Underwriter

Join to apply for the Ethos Specialty - Assistant Vice President, Tax Underwriter role at Ethos Specialty Insurance Services LP.

Ethos Specialty's Transactional Liability team offers multiple solutions including Representations and Warranties (R&W) and Tax insurance.

This is an opportunity to join Ethos Specialty Insurance Services LP. Ethos Specialty is a leading Managing General Underwriter (MGU) that develops industry-specific insurance programs and provides specialized underwriting services on behalf of high-quality carrier and syndicate partners. Ethos has developed, and is the underwriting manager for, Transactional Liability insurance, including Representations & Warranties (RWI) and Tax insurance products.

Ethos Specialty is owned by Bishop Street Underwriters, an insurance platform that partners with MGUs and niche underwriting teams. Ethos benefits from an extensive underwriting track-record, with deep capabilities and underwriting expertise that matches risk to multiple sources of capital as well providing the highest quality, independent underwriting service to its industry partners and capital providers.

Essential Functions And Basic Duties

The Assistant Vice President, Tax Underwriter will be responsible for underwriting tax risks and providing tax insurance solutions. Among other things, the Underwriter will:

• Review and understand transaction agreements, tax memoranda and/or opinions and other documentation relevant to the analysis and assessment of tax risks.
• Analyze and assess the underlying risk in accordance with the tax product line policies and procedures.
• Prepare and negotiate non-binding indication letters, insurance policies and binder agreements.
• Interact with clients, clients' advisors, brokers and other deal professionals.
• Participate on underwriting conference calls.
• Manage the tax underwriting process, including the selection of and work performed by outside counsel.
• Present preliminary findings and conclusions to senior underwriters and/or management.

Experience And Skills Required

• Strong written and oral communication skills; proficient in drafting of legal and commercial documents.
• Ability to negotiate with commercially and legally sophisticated advisors and clients.
• Strong interpersonal skills and ability to collaboratively work on a global basis.
• Ability to multitask, and to be decisive on technical underwriting points against a backdrop of tax risk assessment.
• Entrepreneurial mindset and independent worker.
• Strong negotiating skills.
• Detailed understanding of complex corporate tax structuring and tax credit arrangements, with a focus on the US federal income tax aspects of M&A and partnership transactions, including domestic and cross-border transactions.
• Ability to analyze a broad variety of tax issues for various types of taxpayers, including corporations, partnerships and individuals.
• Knowledge of and ability to comprehend financial statements, appraisals, tax memoranda and opinions, tax diligence reports and other relevant legal documents.
• Minimum of 3-5 years of tax experience in a law firm, public accounting firm or other relevant business.
• Specific experience in tax advisory and due diligence a strong plus.
• No previous insurance or underwriting experience required.
• Proficient in Microsoft Office Suite (Excel, Word, Outlook, PowerPoint).

Estimated Travel Percentage

10 – 15%

Location

New York City metropolitan area, but other locations will be considered.

Employment Type

Full-time/Permanent.

Education Preferred

Bachelors Degree and Law Degree or CPA.

Seniority Level

Mid-Senior level.

Job Function

Accounting/Auditing and Finance.

Industries

Insurance.