Underwriting Leader, Representations and Warranties - M&A Financial Lines

American International Group; Chicago (IL); On-site; USD 250,000 - 290,000; Full time

Benefits offered by this job

US Benefits Overview

Job summary

American International Group (AIG) is seeking an Underwriting Leader for Representations and Warranties in M&A Financial Lines to drive risk assessment, pricing and policy structuring for complex transactions. You will guide senior underwriters and work closely with clients, brokers and deal professionals to deliver sophisticated coverage.

The role emphasizes leadership, advanced M&A knowledge, and strong financial acumen, with opportunities to influence underwriting practices and growth across

Qualifications

• Leadership and mentoring capabilities for underwriting teams.
• Advanced negotiation with sophisticated advisors and clients.
• Deep knowledge of transactional M&A exposures and insurance
• Strong financial and commercial acumen for due diligence materials.
• Ability to manage complex underwriting processes across timelines.

Responsibilities

• Lead underwriting of complex M&A risk, including policy structure, pricing and risk selection.
• Prepare and negotiate indication letters, policies, and binder agreements.
• Serve as main contact for clients, brokers, and deal professionals throughout the process.
• Provide coaching to junior underwriters and ensure consistent underwriting practices across the Group.
• Lead and participate in underwriting conference calls and manage external counsel relationships.

Skills

Leadership

Negotiation

M&A knowledge

Financial analysis

Underwriting discipline

Job description

Join us as an Underwriting Leader, Representations and Warranties - M&A Financial Lines to play a highly influential role in protecting our clients, leading the underwriting of complex transactions and growing our business. Make your mark in Underwriting.

AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact

• Conduct background research on the parties to a particular transaction and the industries in which they operate.
• Review and understand the client's motivation for requesting the insurance coverage, the role the insurance is playing in the transaction, and the value of the insurance to the transaction.
• Review and understand the agreements and other documentation relevant to the analysis and assessment of the risk.
• Analyze and assess complex and highly negotiated risks in accordance with the relevant product line policies and procedures, exercising sound judgment on coverage, structure, pricing and risk selection.
• Prepare and negotiate non-binding indication letters, insurance policies and binder agreements.
• Serve as a key point of contact for clients, client’s advisors, brokers and other deal professionals, providing clear, commercially focused guidance throughout the underwriting process.
• Lead and participate on underwriting conference calls.
• Manage the underwriting process and the selection of and work performed by outside counsel and other advisors.
• Present preliminary findings and conclusions to management.
• Provide technical guidance, coaching and support to less experienced underwriters, analysts, and other team members and contribute to consistent underwriting practices across the Group.

Marketing and relationship development

• Participate in the marketing of transactional insurance products to brokers, private equity firms, law firms, investment banks, accounting firms, consulting firms and prospective clients, with a focus on strengthening strategic relationships and identifying new business opportunities.
• Develop and deliver sophisticated presentation, marketing and informational materials tailored to clients, brokers and other M&A professionals.
• Help develop, refine and enhance the suite of transactional insurance products offered to our clients based on market developments, claims experience and evolving transaction structures.
• Contribute to the formulation and implementation of the Group’s strategy at the product line level, including underwriting appetite, portfolio quality, broker engagement and profitable growth initiatives.

What you will need to succeed

LEADERSHIP SKILLS:

• Exceptional written and oral communication skills, including advanced proficiency in drafting clear, precise legal and commercial documents
• Advanced understanding of complex corporate structuring and financing arrangements
• Demonstrated ability to lead negotiations with commercially and legally sophisticated advisors, brokers and clients
• Highly focused, enthusiastic and creative thinker with strong judgment and a solutions-oriented approach to novel or complex issues
• Demonstrated ability to lead and manage multiple complex underwriting processes, assess and prioritize material risks, coordinate stakeholders and maintain organization under demanding transaction timelines
• Strong interpersonal and leadership skills, with a demonstrated ability to collaborate effectively across functions, geographies and levels of seniority
• Proven ability to make sound commercial decisions against a backdrop of complex legal, financial and underwriting risk assessment
• Ability to operate with a high degree of independence, initiative, accountability and professional judgment

TECHNICAL SKILLS & EXPERIENCE:

• Advanced competency in understanding complex corporate M&A transactions and drafting transaction documents
• Advanced negotiating and relationship-management skills, including the ability to influence outcomes and resolve complex issues
• Deep knowledge of transactional legal exposures (warranty breaches, tax structuring issues, litigation and the computation and measure of damages)
• Strong financial and commercial acumen, including the ability to analyze financial statements, financial reports, quality of earnings reports and other commercial due diligence materials
• Demonstrated ability to prepare and deliver compelling presentations to brokers, regional offices, legal advisors, clients and other sophisticated audiences
• At least 7 years of professional experience in M&A legal, underwriting, corporate finance or another relevant business discipline, including at least 3 years of direct underwriting experience with M&A insurance products
• Significant experience with insurance sector or other financial institutions, including a strong understanding of underwriting discipline, portfolio considerations and the M&A insurance marketplace

For positions based in New York, the base salary range is $250,000-$290,000.

For positions based in Washington DC, the base salary range is $250,000-$290,000.

For positions based in Los Angeles, the base salary range is $250,000-$290,000.

For positions based in San Francisco, the base salary range is $250,000-$290,000.

For positions based in Colorado, the base salary range is $250,000-$290,000.

For positions based in Massachusetts, the base salary range is $250,000-$290,000.

In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience and qualifications.

We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

If you believe you need a reasonable accommodation, please send an email to [e-mail].

We consider qualified applicants with criminal histories, consistent with applicable law.

Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.