Senior Counsel - Life Insurance Regulatory Counsel (Remote or Hybrid)

Overview

This role is for an attorney who will help ensure the organization’s legal success and compliance. You will be part of a team of four attorneys providing strategic legal guidance and support within the organization’s Protection Solutions and Savings & Investments businesses, focusing on Life Insurance and Supplemental Health insurance.

Preference will be given to candidates near one of four key office locations: Denver, Cedar Rapids, Baltimore, or Philadelphia. Remote candidates will also 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 of 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 products, 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 of senior team members).
• Collaborate with internal compliance teams to develop and implement policies and procedures to mitigate legal risks.
• Handle legal issues requiring identification and evaluation of multiple factors.

Requirements

• 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
• Effective communicator (written and oral) with the intended audience
• Ability to exercise sound judgment in a fast-paced environment
• Ability to provide legal advice with agility and adaptability
• Comfortable in a rapidly changing corporate environment
• Proficient in MS Office
• Effective organizational and project management skills; ability to manage multiple priorities
• Action-oriented, timely, and organized; ability to prioritize workload with accuracy and attention to detail
• Commitment to an environment of honesty, inclusion, and respect; open to and able to champion differing ideas and perspectives; collaborates 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 experience with the ACA, HIPAA, and ERISA laws
• Ability to apply innovative thinking to develop and implement creative, cost-effective, realistic solutions that create business impact and support growth

Compensation & Benefits

• Salary range (generally): $165,000 - $185,000 annually
  • This range is a good faith estimate; actual starting pay is determined by factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote), and operational needs.
  • Salary may vary above or below the stated amounts as permitted by applicable law.
• Annual bonus: Typically eligible based on the Company Bonus Plan/Individual Performance; eligibility is at the employer’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
• 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)
• 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: 3 days in office for candidates near Baltimore/Cedar Rapids/Denver/Philadelphia
• Remote: for candidates not near a core office location

Disclaimer

This job description is not a contract of employment and does not guarantee specific responsibilities. The employer may change, add to, remove, or revoke terms of the job description at its discretion. Managers may assign other duties and responsibilities as needed.