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Tax Liability Underwriter - GTS

Company: Liberty Mutual
Location: Somerville
Posted on: May 12, 2022

Job Description:

Liberty Mutual' s Global Risk Solutions strategic business unit has centralized its vast mergers & acquisitions (M&A) insurance solutions expertise into its Global Transaction Solutions group (GTS). GTS is one of the largest global M&A insurance teams in the industry. With more than 80 specialists, we have helped facilitate over 500 M&A deals a year on average-successfully insuring thousands of transactions since our inception. About Liberty Mutual Insurance Group Liberty Mutual is the 6th largest global insurer based on 2020 gross written premium, with over 45,000 employees in 29 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers' trust has earned us the 71st position on the Fortune 100 list of largest corporations in the U.S. based on 2020 revenue. Find out what it takes to be part of a global Fortune 100 company that exists to help people embrace today and confidently pursue tomorrow: Global company. Competitive salary and benefits. Career development opportunities. Team-work culture. Key responsibilitiesThe tax underwriter role provides a rare opportunity to develop your career as part of a market-leading, dedicated team of underwriting professionals. We are looking for an intelligent and enthusiastic candidate to underwrite tax liability insurance policies covering potential tax liability as a result of M&A transactions, internal restructurings and other corporate transactions. GTS is proud of its reputation for training and developing staff and as such, this role offers great potential for an individual with a strong tax, legal and/or M&A background interested in establishing or further developing expertise in this exciting and growing sector of the insurance market. The successful candidate will attend to the following responsibilities:

  • Underwriting tax liability insurance risks including:
    • assessing tax risks
    • reviewing transaction related deal documentation, tax advisory opinions, sale and purchase agreements and due diligence reports/materials from a tax perspective
    • negotiating and finalizing policy wording and coverage.
    • Working as part of a dynamic team of underwriters as well as independently to lead underwriting of transactions.
    • Ensuring that brokers and clients receive a high level of underwriting service and certainty of execution that differentiates GTS from its competitors.
    • Establishing and maintaining strong relationships with brokers, clients and advisors to facilitate deal appointments.
    • Assisting the team to build the Liberty GTS brand through marketing and business development opportunities.
    • Providing technical training and guidance to other junior members of the team.
    • Continuing to seek improvement of the product and its practices and processes.
    • Contributing to an effective team environment by interacting professionally with all team members in line with GTS core values.
      • Previous solid legal experience in corporate tax (with a strong preference for M&A experience) or tax liability insurance (4+ years) from a well-regarded accounting or law firm.
      • Sound decision making and analytical skills.
      • Excellent verbal and written communication skills.
      • Strong negotiation skills.
      • Strong legal drafting skills and broad understanding of legal concepts.
      • Interpersonal and relationship building skills.
      • Business, financial and risk awareness/understanding a plus.
      • Legal degree or CPA, with a strong preference for a Tax LLM. At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more, please visit Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. We have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates-as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Keywords: Liberty Mutual, Somerville , Tax Liability Underwriter - GTS, Accounting, Auditing , Somerville, Massachusetts

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