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Mergers & Acquisition Underwriting Intern

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AXA

8d ago

  • Internship
    Full-time
    Off-cycle Internship
  • Legal
    Banking & Finance
  • New York

AI generated summary

  • You must be a rising third-year law student or second-year business student with deal experience, basic legal knowledge, strong communication skills, attention to detail, and ability to meet tight deadlines.
  • You will review agreements, analyze M&A documents, assist in drafting quotes and policy terms, and support underwriters while building relationships with brokers and lawyers.

Requirements

  • Rising third year law school student in the Tri-State area focusing on corporate/business law or rising second year business school student with prior professional deal experience preferred. We will also consider rising second year law school students to the extent they have an exemplary academic background and/or prior legal and business experience before attending law school.
  • Basic knowledge of transactional legal exposures (i.e. basic contract terminology and corporate law concepts; representations and warranty terms; indemnification obligations; differences between stock vs. asset deals)
  • Ability to comprehend financial statements and comfort addressing tax issues and other commercial matters is a plus.
  • Accounting / Corporate Finance course-work a plus.
  • Excellent written and oral communication skills.
  • Comfort working with/drafting legal documents and robust attention to detail.
  • Self-starter, highly focused, enthusiastic and creative thinker.
  • Organized, and able to work in a fast-paced environment with tight deadlines and deal-time pressures.
  • Bachelor’s degree in finance, Accounting, Economics or Business is a plus.

Responsibilities

  • Reviewing and analyzing Non-Disclosure Agreements and Non-Reliance Letters.
  • Reviewing and analyzing public and private M&A transaction documentation, due diligence reports, and target company financial statements/quality of earnings reports to assist underwriters in identifying deal risks, assessing target company financial strength and performing pre-underwriting analysis used in quoting representations and warranties insurance.
  • Assisting with the drafting of custom-tailored quotes for proposed M&A insurance policies.
  • Interacting with and supporting underwriters on day-to-day business issues and throughout the underwriting process, including performing detailed analysis of issues raised on underwriting calls and in due diligence reports.
  • Assisting with the drafting of insurance policy terms and language specifically addressing the risk and issues in each transaction.
  • Developing and cultivating relationships with M&A insurance brokers, external lawyers and internal AXA XL colleagues across various business units.
  • Gathering underwriting information via the Internet and other publicly available sources and completing underwriting analysis for each unique risk.

FAQs

What is the location of the Mergers & Acquisitions Underwriting Intern position?

The position is located in New York, NY, USA.

What educational background is preferred for applicants?

We prefer rising third-year law school students focusing on corporate/business law or rising second-year business school students with prior professional deal experience. We will also consider rising second-year law school students with an exemplary academic background or prior legal and business experience.

What key responsibilities will the interns have?

Interns will review and analyze Non-Disclosure Agreements, public and private M&A transaction documentation, assist with drafting quotes for M&A insurance policies, and interact with underwriters on business issues, among other duties.

Will interns receive training during the internship?

Yes, interns will receive hands-on training in various legal and financial concepts related to transactional risk exposures.

How can interns build relationships during their internship?

Interns will have the opportunity to develop relationships with M&A insurance brokers, external lawyers, and internal AXA XL colleagues across various business units.

Is there any coursework that would be beneficial for this internship?

Yes, coursework in accounting or corporate finance is a plus, as well as a basic understanding of transactional legal exposures and financial statements.

What skills are essential for this role?

Essential skills include excellent written and oral communication, attention to detail, organizational abilities, and the capability to work effectively under tight deadlines.

What is the pay range for this internship?

The U.S. pay range for this position is USD 43 per hour, with actual pay determined based on the individual’s skills, experience, and location.

Does AXA XL promote diversity and inclusion in the workplace?

Yes, AXA XL is committed to equal employment opportunity and has made a strategic commitment to attract, develop, advance, and retain a diverse workforce.

What sustainability initiatives does AXA XL focus on?

AXA XL's sustainability initiatives focus on valuing nature, addressing climate change, integrating ESG into business practices, and encouraging employee volunteerism through programs like AXA Hearts in Action.

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AXA

Finance
Industry
10,001+
Employees
1816
Founded Year

Mission & Purpose

We always start with our customers. As one of the largest global insurers, our purpose is to act for human progress by protecting what matters. Protection has always been at the core of our business, helping individuals, businesses and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions. Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.

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