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

Overview

The organization is seeking an attorney to support legal strategy, compliance, and risk mitigation across Life Insurance and Supplemental Health insurance businesses. This role will contribute within a team of four attorneys providing legal guidance to product and operational teams.

Preference is given to candidates near the following 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 and 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, including matters involving 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 that mitigate legal risks.
• Handle legal issues requiring analysis that identifies and evaluates 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 in writing and orally, tailored to the intended audience
• Sound judgment in a fast-paced environment
• Ability to adapt and provide legal advice with agility
• Comfort working in a rapidly changing corporate environment
• Proficient using MS Office
• Strong organizational and project management skills with the ability to manage multiple priorities
• Action-oriented, timely, and organized; ability to prioritize workload accurately with attention to detail

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
• Innovative thinking to develop and implement creative, cost-effective, realistic solutions that drive business impact and growth

Compensation & Benefits

• Salary range: $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 and below the stated amounts, as permitted by applicable law.
• Annual bonus: Typically eligible based on the Annual Bonus Plan/Individual Performance; eligibility is at the organization’s discretion.

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

Additional Information

• This job description is not a contract of employment and does not guarantee any specific job responsibilities.
• The organization may change, add to, remove, or revoke terms of the job description at its discretion.
• Managers may assign other duties and responsibilities as needed.
• If an employee or applicant requests an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.