Counsel, Product Filing

Overview

This role involves serving as Counsel, Product Filing, leading the compliance function related to life insurance product filings. The position ensures adherence to state regulations and industry standards while managing a team responsible for filing life insurance products.

Responsibilities

• Manage the product filing team, ensuring operational efficiency and team development.
• Build and maintain positive relationships with state Insurance Departments, business partners, and actuarial services.
• Recommend changes based on legislative and regulatory activity and direct legal strategy accordingly.
• Lead compliance with all applicable state insurance laws and regulations related to policy form filings.
• Collaborate with actuarial and marketing teams on product development and revisions.
• Oversee research, drafting, and submission of new and revised policy forms to meet regulatory requirements.
• Interpret and analyze state regulations for form filing compliance, especially in complex matters.
• Assess regulatory risk and coordinate with internal stakeholders for compliant implementation.
• Manage product data coding and maintenance in LIFE-COMM or other policy administration systems.
• Partner with IT and testing teams to resolve system-related issues.
• Supervise and support product filing analysts and specialists, fostering continuous learning and professional growth.
• Manage policy form filing processes through the NAIC SERFF system, ensuring timely and accurate submissions.
• Serve as certifying officer for state-required policy form filings.
• Review marketing and advertising materials for accuracy and compliance.
• Prepare documentation for state insurance department audits related to policy form filings.
• Oversee development of benefit description pages, statements of policy cost and benefit, annual reports, and other regulatory materials.
• Evaluate and respond to state department disapprovals, determining corrective actions.
• Engage with management to resolve compliance-related issues.
• Communicate with state insurance officials, legal counsel, and actuarial consultants on complex compliance matters.
• Manage preparation and submission of Life Insurance Illustration Annual Certification filings per NAIC regulations.

Requirements

• 3-5 years of legal experience, preferably within a corporate insurance company focusing on life insurance products.
• Proven ability to perform under pressure and manage multiple projects.
• Strong experience managing staff in a corporate environment.
• Excellent written and verbal communication skills.

Preferred Qualifications

• Experience with life insurance product filings and regulatory compliance.
• Familiarity with NAIC SERFF system and LIFE-COMM or similar policy administration applications.

Compensation & Benefits

• Competitive benefits including flexible health, dental, and vision insurance.
• 401(k) plan with company match.
• Paid time off (PTO) plan.
• Employee and family assistance program.
• Ergonomic furniture program.
• Performance bonus opportunities.
• Hybrid work environment with flexibility and access to innovative workspaces.
• Remote work option available.

Location

Headquartered in Waco, TX. Applicants must be authorized to work for any employer in the U.S. Sponsorship for employment visas, including H-1B and STEM OPT, is not available.