Secondaries Underwriter

IDEX Consulting Ltd.; New York (NY); On-site; USD 150,000 - 230,000; Full time

Job summary

IDEX Consulting Ltd. in New York seeks a Secondaries Underwriter with a funds focus. You will underwrite representations and warranties risk on secondaries transactions and negotiate policy terms with brokers and fund counsel.

You will bring experience from a leading law firm and move into a commercial underwriting role, applying strong technical judgement to complex GP/LP structures and wind-down arrangements. Training will be provided as needed.

Qualifications

• US-qualified funds lawyers from a leading law firm.
• Experience across secondaries transactions, continuation vehicles, fund formation or fund-level M&A.
• Interest in moving into a commercial, decision-making role.

Responsibilities

• Underwrite R&W and related risk on secondaries transactions.
• Review transaction documents and due diligence.
• Assess and price risk; lead underwriting calls.
• Negotiate policy terms with brokers and fund counsel.
• Serve as technical resource on fund structures and secondaries mechanics.

Skills

Underwriting

Risk pricing

Diligence review

Fund structures

Negotiation

Broker liaison

Counsel liaison

Education

Law degree

Job description

We've been instructed by a global specialty insurer with an established transactional risk underwriting practice in their search for a Secondaries Underwriter. With secondaries deal volume at record levels and representations and warranties insurance increasingly central to how GP-led and LP-led deals get done, they are looking to add a funds-focused underwriter to their New York team.

This is a rare route for a funds lawyer to move into the market and put their technical experience to work commercially, without leaving that grounding behind. No prior insurance experience is needed; the underwriting side of the role will be trained, and you'll join a team built largely from lawyers who have made the same move.

You will underwrite R&W and related risk on secondaries transactions, from single-asset and multi-asset GP-led continuation vehicles to LP-led portfolio sales and fund wind-up structures. That means reviewing transaction documents and diligence, assessing and pricing risk, leading underwriting calls, and negotiating policy terms and exclusions with brokers and fund counsel.

You’ll also act as the team’s technical resource on fund structures and secondaries mechanics, from knowledge-qualified warranty packages to clean-team arrangements on conflicted GP-led deals, and build your own profile across the broker, sponsor and fund counsel community.

We’re keen to speak with US-qualified funds lawyers from a leading law firm, with experience across secondaries transactions, continuation vehicles, fund formation or fund-level M&A, and a genuine interest in moving into a commercial, decision-making role. You’ll bring strong technical judgement, the confidence to hold your position with brokers and counsel, and the appetite to build a market profile of your own.

This is a genuine opportunity to sit on the other side of the table, owning risk decisions rather than advising on them, with success measured on sound judgement and clean execution rather than billable hours. The backing of an established global insurer means you are set up for success, with access to genuine growth opportunity as the secondaries market continues to expand.

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At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.