Senior Counsel - Insurance Regulatory Counsel (Life Insurance)

Overview

This role involves providing legal guidance and support within a team of four attorneys for the organization’s Protection Solutions and Savings & Investments businesses, focusing on Life Insurance and Supplemental Health insurance. Preference is given to candidates near the four key offices (Denver, Cedar Rapids, Baltimore, Philadelphia), but remote candidates will be considered.

Responsibilities

• Provide legal advice and support in the development, filing, offering, and administration of life insurance products and services for the Individual Life Insurance division, including term life, universal life, whole life, final expense, funeral & pre-need insurance, and variable life products.
• Prepare, review, and negotiate legal contracts, documents, and agreements, including marketing, distribution, administration, TPA, and/or vendor agreements for review by senior team members.
• Research, counsel, and draft recommendations related to agent appointments and licensing, illustrations, foreign nationals, international business, structured settlements, debt, and estate issues.
• Advise on legal risks and potential impacts of business decisions, including escalated claims and consumer complaints.
• Monitor, review, and interpret changes in laws, rules, and regulations, particularly those related to insurance regulations.
• Support group life insurance, supplemental life insurance, and supplemental health insurance products and services for the Group Employee Benefits division.
• Draft regulatory responses, disclosures, and other correspondence that may include market conduct issues from state and federal regulators for review by senior team members.
• Collaborate with internal compliance teams to develop and implement policies and procedures to mitigate legal risks.
• Handle legal matters requiring identification and evaluation of multiple factors.

Qualifications

• JD from an ABA accredited law school.
• Member of the Bar in good standing of any US jurisdiction.
• Five years of experience at a sophisticated law firm or in-house counsel with insurance regulatory legal experience and/or a focus on life insurance, state insurance matters, and supplemental health insurance, with knowledge of relevant laws, rules, and regulations.
• Strong written and oral communication skills for the intended audience.
• Ability to exercise sound judgment in a fast-paced environment.
• Agility and adaptability in providing legal advice.
• Comfort working in a rapidly changing corporate environment.
• Proficiency using MS Office.
• Strong organizational and project management skills, including the ability to manage multiple priorities.
• Action-oriented, timely, and organized with the ability to prioritize workload with accuracy and attention to detail.
• Demonstrated commitment to honesty, inclusion, and respect; open to and champions differing ideas and perspectives; collaborative in a fully inclusive manner.

Preferred Qualifications

• Experience with individual and group life insurance products.
• Experience with voluntary benefits insurance products including supplemental health and/or long-term care, and with the ACA, HIPAA and ERISA laws.
• Ability to apply innovative thinking to develop creative, cost-effective, realistic solutions that support business impact and growth.

Compensation & Benefits

Compensation

• Salary generally ranges between $165,000 - $185,000 annually.
• Annual bonus eligibility is typically provided for this position based on the Company Bonus Plan/Individual Performance and is at the organization’s discretion.

Benefits package (for eligible employees)

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and work/life balance benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays)
• Be Well Company holistic wellness program, including Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs

Location / Working Conditions

• Hybrid location for candidates near Baltimore/Cedar Rapids/Denver/Philadelphia (3 days in office).
• Remote location for candidates not near a core office location.