Analyst, Tax

This is an opportunity to join Ethos Specialty, a Bishop Street Underwriters Company

Ethos Specialty Insurance Services is a specialty Managing General Underwriter (MGU) that partners with carriers to underwrite tailored insurance programs across North America. Ethos benefits from deep capabilities and underwriting expertise and is able to match risk to multiple sources of capital as well providing the highest quality, independent underwriting service to its industry partners and capital providers. Ethos currently has three programs under the M&A insurance space.

Corporate taxpayers in North America are generally required to take positions on certain tax issues they encounter during the course of their business based on their understanding of the facts and law. This could be in the context of a transaction such as a merger or acquisition being undertaken, tax credits being generated or utilized, or upon an internal review and as part of the taxpayer's risk mitigation strategy.

The taxing authorities in the relevant jurisdiction may agree or disagree with the position the taxpayer has taken. If the taxing authority disagrees with a certain tax position, the taxpayer could be assessed for additional taxes, interest and penalties as a result. The Ethos Tax underwriting team, upon completion of an in-depth underwriting process, provides tax liability insurance to mitigate the risk of an adverse determination by the taxing authority.

Amongst other benefits, tax liability insurance simplifies otherwise complex negotiations during a transaction by ring fencing certain tax issues and more or less allows a taxpayer to transfer a potential tax liability off its balance sheet.

The Analyst will join Ethos and will be primarily responsible for assisting the Tax Team/underwriters in coordinating the underwriting process and assisting in providing client solutions. Among other things, the Analyst will:

• Coordinate with external legal counsel as required and develop strong working relationships with M&A/Tax insurance brokers, attorneys and deal principals.
• Collect and analyze data related to submissions, bound deals, and policies
• Draft invoices, expense agreements, non-binding indication letters and other documents, as requested by underwriters
• Review underwriting submissions and files and summarize key points for review and discussion with underwriters on the team
• Assist in the underwriting process for tax liability insurance products by collaborating with various brokers, advisors and law firms
• Assess and execute Non-Disclosure Agreements, Non-Reliance Letters and Access letters to obtain access to proprietary deal information
• Attend due diligence calls to transcribe accurate and comprehensive notes

• 1-2 years’ experience in a related field (i.e., insurance, banking, accounting)
• Bachelor's degree required
• Experience handling and interpreting large sets of data
• Strong written and oral communication skills
• Strong interpersonal skills and ability to collaborate with a team
• Ability to adapt to a fast-paced environment, including working under short timelines, and occasionally during off-hours
• Detail-oriented
• Ability to work independently

Strong proficiency in Microsoft Office Suite (Excel, Word, Outlook, PowerPoint, Teams), Adobe Acrobat