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AXA XL · 4 hours ago

Underwriter II, Mergers & Acquisitions Insurance

Boston, MA

Full-time

Onsite

Mid Level

$85K/yr - $149K/yr

AXA XL is a global leader in specialty risk solutions, and they are seeking an Underwriter II for their Mergers & Acquisitions Insurance division. This role involves underwriting transactional risk insurance solutions, developing broker and client relationships, and conducting detailed analyses to assess deal risks.

ConsultingCustomer ServiceFinanceInsurance

Comp. & Benefits

Responsibilities

Reviewing and analyzing public and private M&A transaction documentation, due diligence reports, and target company financial statements/quality of earnings reports in order to identify deal risks, assess target company financial strength and perform pre-underwriting analysis used in quoting representations and warranties insurance

Drafting and submitting custom-tailored quotes for proposed M&A insurance policies and following up with brokers to win new business

Interacting with and supporting the M&A management team with day-to-day business issues and leading the underwriting process on transactions including performing detailed analysis of issues raised on underwriting calls and in due diligence reports

Negotiating and drafting insurance policy terms and language specifically addressing the risk and issues in each transaction

Collaborating with and supervising outside legal counsel and/or accountants hired to represent AXA XL with due diligence on each transaction

Developing and cultivating relationships with M&A insurance brokers, lawyers, private equity firms, deal principals and internal AXA XL colleagues

Gathering underwriting information via the Internet and other publicly available sources and completing underwriting analysis for each unique risk

Conducting financial analysis on target companies and potential insureds

Qualification

M&A insurance underwritingFinancial analysisTransactional legal exposuresFinancial accountingNegotiating insurance termsWritten communicationOral communicationInterpersonal skillsSelf-starterTeam collaboration

Required

Corporate experience working in a transaction-oriented role such as M&A insurance underwriting, investment banking, private equity or other financial services advisory capacity, in-house corporate legal team or law firm experience, internal corporate development team at a strategic acquirer or a transaction advisory services role at an accounting firm preferred

Knowledge of transactional legal exposures (warranty breaches, tax structuring issues, price adjustment mechanisms, litigation, and computation and measure of damages)

Ability to comprehend financial statements and comfort addressing tax issues and other commercial matters

Financial Accounting / Auditing experience a plus

Specific experience with procuring, broking or negotiating representations and warranties insurance or other transactional risk insurance on behalf of deal clients is a strong plus

Excellent written and oral communication skills

Effective negotiating skills and comfort working with legal documents

Self-starter, highly focused, enthusiastic and creative thinker. Keen ability to work independently with minimal oversight is a strong plus

Well-rounded interpersonal skills and ability to work collaboratively within a team environment is essential

Organized, and able to work in a fast-paced environment with tight deadlines and deal-time pressures

Juris Doctorate degree strongly preferred; Bachelor's degree in Finance, Accounting, Economics or Business a strong plus but not required