Underwriting Director, Transactional Risk (HYBRID or REMOTE)
Company: The Hartford
Location: Franklin
Posted on: May 28, 2023
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Job Description:
You are a driven and motivated problem solver ready to pursue
meaningful work. You strive to make an impact every day & not only
at work, but in your personal life and community too. If that
sounds like you, then you've landed in the right place.
The Hartford is looking for a Transactional Risk Underwriting
Director to join our transactional risk team. The Underwriting
Director will underwrite Representations & Warranties coverage for
M&A transactions, including assessing risks associated with the
target company's operations, the due diligence process and the
representations, warranties and indemnities in the acquisition
agreement. The ideal candidate has three or more years of M&A
experience as an attorney, accountant, investment banker or other
deal professional.
RESPONSIBILITIES
Review and respond to insurance submissions based on underwriting
guidelines and an analysis of financial statements, marketing
materials and other relevant information.
Assess the degree of risk by reviewing the acquisition agreement,
disclosure schedules, due diligence reports and data room
documents.
Conduct conference calls with the insured's deal team members and
advisors to identify material risks and assess the motivation of
the parties and the thoroughness of the due diligence process.
Draft and negotiate transactional risk insurance policies, and work
with in-house legal department to maintain current and competitive
policy forms.
Assist in-house claims department in responding to and resolving
claims in an efficient and commercial manner.
Prepare clearly written underwriting reports summarizing analysis
of risks and rationale for coverage provided.
Build relationships with brokers and engage in dialogue to discuss
opportunities, pricing expectations and placement details.
Maintain and continually improve underwriting and business skills
through outside reading of legal and industry publications.
Manage account files in accordance with department underwriting
guidelines and adhere to standards set for quality and
compliance.
Achieve operating plan objectives through new business
production.
SKILLS REQUIRED
Ability to analyze complex risks quickly and thoroughly.
Strong legal and financial acumen.
Strong interpersonal, customer service, sales and relationship
management skills.
Ability to effectively prioritize workload.
Respond quickly and effectively to the needs of the brokers and
insureds.
EDUCATION AND WORK EXPERIENCE
Bachelor's degree
JD, CPA or MBA preferred
3+ years of M&A experience
Compensation
The listed annualized base pay range is primarily based on analysis
of similar positions in the external market. Actual base pay could
vary and may be above or below the listed range based on factors
including but not limited to performance, proficiency and
demonstration of competencies required for the role. The base pay
is just one component of The Hartford's total compensation package
for employees. Other rewards may include short-term or annual
bonuses, long-term incentives, and on-the-spot recognition. The
annualized base pay range for this role is:
$165,040 - $247,560
Equal Opportunity
Employer/Females/Minorities/Veterans/Disability/Sexual
Orientation/Gender Identity or Expression/Religion/Age
About Us (https://www.thehartford.com/about-us) - Culture &
Employee Insights
(https://www.thehartford.com/careers/employee-stories) - Diversity,
Equity and Inclusion
(https://www.thehartford.com/about-us/corporate-diversity) -
Benefits (https://www.thehartford.com/careers/benefits)
Dir Underwriting - UC06CE
Skills:
Human achievement is at the heart of what we do.
We believe that with the right encouragement and support, people
are capable of achieving amazing things.
We put our belief into action by ensuring individuals and
businesses are well protected, and by going even further - making
an impact in ways that go beyond an insurance policy.
Nearly 19,000 employees use their unique talents in careers that
span a variety of disciplines - from developing the latest
technology to creating and promoting our products to evaluating
future financial risks.
We're also committed to programs that drive education and support
volunteerism, which put human beings first. We do it because it's
the right thing to do, and because when our customers, communities
and employees succeed, we all do.
About Us (https://www.thehartford.com/about-us)
Culture & Employee Insights
Diversity, Equity and Inclusion
(https://www.thehartford.com/about-us/corporate-diversity)
Benefits
Legal Notice (https://www.thehartford.com/legal-notice)
Accessibility StatementProducer Compensation
(https://www.thehartford.com/producer-compensation) EEO
California Privacy (https://www.thehartford.com/ccpa-policy)
Keywords: The Hartford, Franklin , Underwriting Director, Transactional Risk (HYBRID or REMOTE), Executive , Franklin, Tennessee
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