Transaction Liability Underwriting Assistant

Transaction Liability Underwriting Assistant

Department: Transaction Liability

Employment Type: Permanent - Full Time

Location: US - New York

Reporting To: Michael Allen

Compensation: $68,000 - $90,000 / year

Have you recently left or are due to leave higher education with outstanding results in a commercial subject like Law, Economics or Accounting?

Do you now hope to start your professional career within M&A?

CFC are searching for an Underwriting Assistant to support our Transaction Liability team!

Our award-winning “TL” team underwrites a comprehensive range of insurance products which cover different risks arising during a Merger or Acquisition. Since its launch in 2016, CFC’s transaction liability team has quickly become one of the largest small and mid-market transaction liability insurers globally.

We are the leading small – mid market underwriter in North America and the number one underwriter of secondaries transactions worldwide. Over the past five years, our TL underwriting team have contributed to the development of several creative M&A products.

As an Underwriting Assistant you’ll be providing dedicated support to underwriters across our teams by:

• Providing excellent administrative support primarily to the transaction liability team and other underwriting teams, as required, to ensure CFC can adhere to target turnaround times for our brokers and insureds;
• Managing the underwriting central inboxes and logging new and renewal submissions on CFC’s internal underwriting system;
• Preparing various activity reports and spreadsheets as directed;
• Administering the department diary, including chasing outstanding items such as subjectivities and assisting with invoicing and setting up of new clients;
• Answering incoming calls and fielding queries as appropriate;
• Reviewing and amending transaction documents including non-disclosure and hold harmless letters;
• Working with the existing support functions in CFC to ensure the timely progression of transactions from initial submission to policy binding (including the administrative aspects of this process); and
• General ad-hoc administrative duties as required.

You have commercial awareness and understanding of mergers and acquisitions and a background in Law, Economics or Accounting.

As a minimum, we are looking for individuals with:

• Organisational skills with the ability to prioritise work to meet tight deadlines and turnaround times;
• Excellent level of attention to detail including accurate written and numeracy skills;
• Experience using Microsoft Office applications - Outlook, Word and particularly Excel;