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

Overview

This role involves providing legal counsel to support the organization’s compliance and business success within a team of four attorneys. Work focuses on the Protection Solutions and Savings & Investments businesses, including Life Insurance and Supplemental Health insurance.

Preference is given to candidates near one of four key offices: Denver, Cedar Rapids, Baltimore, or Philadelphia. 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 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 applicable laws, rules, and regulations, particularly 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, including responses that may address 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.

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
• Effective communicator in writing and orally for the intended audience
• Ability to exercise sound judgment in a fast-paced environment
• Ability to adapt and exercise agility when providing legal advice
• Comfortable working in a rapidly changing corporate environment
• Proficient using MS Office
• Strong organizational and project management skills, including managing multiple priorities
• Action-oriented, timely, and organized with the ability to prioritize workload with accuracy and attention to detail
• Commitment to honesty, inclusion, and respect; open to 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
• Experience applying innovative thinking to develop and implement creative, cost-effective, and realistic solutions that create business impact and support growth

Compensation & Benefits

Compensation

• Salary range: $165,000 - $185,000 annually
• Salary 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.
• This position is typically eligible for an Annual Bonus based on the bonus plan/individual performance and is at the organization’s discretion.

Benefits (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 & Work Schedule

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

Disclaimer

This job description is not a contract of employment nor for any specific job responsibilities. Management may change, add to, remove, or revoke terms of the job description and may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR partner should be contacted to evaluate the accommodation request.

Beware of fake job offers. The organization will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email.