Experienced Underwriter, Transactional Liability Tax Insurance

Berkshire Hathaway Specialty Insurance; New York (NY); On-site; USD 150,000 - 250,000; Full time

Benefits offered by this job

Health benefits

401(k) plan with company match

Paid time off

Tuition reimbursement

Parental leave

Disability insurance

Life insurance

Job summary

Berkshire Hathaway Specialty Insurance (BHSI) in New York City seeks an Underwriter focused on Tax Insurance within the Transactional Liability team. You will underwrite opportunities involving tax exposures from M&A, energy credits, restructurings, REITs and direct/indirect tax issues in the U.S., working with brokers and clients.

3-7 years in tax-focused advisory roles, JD preferred, LLM in Tax a plus. Collaborative, analytical, and detail-oriented professionals thrive here in a fast-paced

Qualifications

• 3-7 years of prior experience in a tax-focused legal or similar advisory role.
• JD Degree is preferred but not required; LLM in Tax will be a plus.
• Ability to work within a team in a fast-paced environment and make quick decisions while maintaining underwriting integrity.
• Strong analytical and problem-solving skills.
• Careful attention to detail.
• Strong communication skills, both verbal and written, and desire to build industry relationships.

Responsibilities

• Establish, develop and expand broker, law firm and customer relationships.
• Assist team with the research and analysis of potential tax exposures.
• Review and assess a consistent stream of opportunities that contemplate the use of Tax Insurance and develop preliminary indications for coverage.
• Engage in a detailed underwriting process for selected tax risks, including through the engagement and management of outside counsel and specialist advisors.
• Draft and negotiate Tax Insurance policies and other policy related documents.

Skills

Tax underwriting

Legal advisory

Team collaboration

Analytical thinking

Communication skills

Attention to detail

Education

J.D. (JD) preferred

LL.M. in Tax preferred

Job description

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized.

Learn more about our unique culture and history.

Job Opportunity

BHSI has an exciting opportunity to join our growing Transactional Liability team in New York City as an Underwriter focused on the Tax Insurance product. The Transactional Liability team provides insurance in connection with Mergers & Acquisitions (including Representation and Warranty Insurance), Tax Insurance, and Contingent Liability Insurance.

Duties & Responsibilities

In this role, the Tax Underwriter will collaborate with the other members of the Tax Insurance team to review, evaluate, and underwrite opportunities for tax insurance involving a wide variety of potential tax exposures, including those arising in M&A transactions, the eligibility for projected renewable energy and other tax credits, the tax treatment of restructuring transactions (including spin-offs and recapitalizations), REIT and S corporation qualification matters, and many other U.S. federal, state, local and international direct and indirect tax issues.

Essential Job Functions

• Establish, develop and expand broker, law firm and customer relationships
• Assist team with the research and analysis of potential tax exposures
• Review and assess a consistent stream of opportunities that contemplate the use of Tax Insurance and develop preliminary indications for coverage
• Engage in a detailed underwriting process for selected tax risks, including through the engagement and management of outside counsel and specialist advisors.
• Draft and negotiate Tax Insurance policies and other policy related documents.

Qualifications, Skills And Experience

• 3-7 years of prior experience in a tax-focused legal or similar advisory role.
• JD Degree is preferred but not required. LLM in Tax will be a plus.
• Ability to work within a team in a fast-paced environment and make quick decisions while maintaining underwriting integrity
• Strong analytical and problem-solving skills
• Careful attention to detail
• Strong communication skills, both verbal and written, and desire to build industry relationships

BHSI Offers

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
• Benefits that support your life and well-being, which include:
  • Comprehensive Health, Dental and Vision benefits
  • Disability Insurance (both short-term and long-term)
  • Life Insurance (for you and your family)
  • Accidental Death & Dismemberment Insurance (for you and your family)
  • Flexible Spending Accounts
  • Health Reimbursement Account
  • Employee Assistance Program
  • Retirement Savings 401(k) Plan with Company Match
  • Generous holiday and Paid Time Off
  • Tuition Reimbursement
  • Paid Parental Leave

The base salary range for this position in New York is $150,000 to $250,000 along with annual bonus eligibility. Total compensation for a candidate is determined by their relevant skills, location, and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.