Renewable Energy Tax Credit Ins Underwriter

Introduction

We seek a tax insurance underwriter (an “Underwriter”), a specialized professional with a JD, LLM and Big Law experience, who evaluates risks associated with specific tax positions to provide insurance coverage. Tax insurance policies protect taxpayers against the loss of a tax benefit or the imposition of a tax liability by authorities like the IRS or courts.

Job Overview

The Underwriter would sit at the intersection of complex tax law and corporate finance working with a senior tax underwriter. He or she would analyze low probability, high magnitude tax risks in the context of renewable energy investments.

Key Responsibilities

Risk Analysis and Due Diligence

• Review extensive factual materials, tax memos, and other legal opinions, and perform legal research to assess the strength of a tax position.
• Evaluate the likelihood of a successful challenge by tax authorities.
• Analyze transaction structures for potential pitfalls. 

Policy Execution

• Drafting: Write bespoke insurance policies that define exactly which tax risks are covered and which are excluded.
• Pricing: Determine the appropriate premium based on the complexity and soundness of the tax position.
• Negotiation: Work with brokers and clients to finalize coverage limits and retention amounts. 
• Documentation: Maintain accurate and detailed records of underwriting activities to ensure compliance  and support effective communication with stakeholders

Business Development

• Collaborate with others to integrate insurance into a broader insurance business.
• Stay current on legislative changes, court cases, regulatory guidance and professional commentary to be up-to-date with the latest views on tax matters from the government and private bar and to identify new areas for insurance coverage.

Qualifications & Skills

• Education: A Juris Doctor (JD) and Master of Laws (LL.M.) in taxation.
• Experience: 10+ years of experience in a Big Law tax department.
• Analytical Rigor: Ability to digest quickly hundreds of pages of documents to find, understand and evaluate tax risk.
• Commercial Awareness: Understanding how a tax law risk fits into a business deal.
• Team Player: Ability and willingness to collaborate with multiple stakeholders in a multinational company

Common Risks Underwritten

• Tax Credits: Ensuring the eligibility of renewable energy projects for investment tax credits or production tax credits.

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.  The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee.  Other duties, responsibilities and activities may change or be assigned at any time with or without notice.