Hybrid Counsel 2 – Insurance Regulatory Counsel, Life Insurance/Employee Benefits

at Transamerica

• Job title: Counsel 2 – Insurance Regulatory Counsel, Life Insurance/Employee Benefits
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $140,000 - $150,000 per year
• Degree requirement: Professional Certificate
• Location requirements: Hybrid, Baltimore, United States

About the role

• Counsel 2 providing legal guidance and support in insurance regulatory matters at Transamerica. Focused on Life Insurance and Supplemental Health insurance within the organization.

Responsibilities

• Provide legal advice and support in the development, maintenance and offering of life insurance products and services for our Individual Life Insurance division.
• Will also provide support for our supplemental health insurance products and services for our Group Employee Benefits division.
• Prepare, review and negotiate legal contracts, documents and agreements, including marketing, distribution, administration, TPA and/or vendor agreements for the review of senior team members.
• Advise on legal risks and potential impacts of business decisions, as well as escalated claims and consumer complaints.
• Monitor, review and interpret relevant changes in laws, rules and regulations, particularly those related to insurance regulations.
• With guidance from a senior attorney, educate business partners of the potential impact to Transamerica’s life insurance and supplemental health insurance products, work cross-functionally with compliance, product, and operations to comply with applicable laws and regulations while minimizing client impact.
• Draft regulatory responses, disclosures, and other correspondence that may include Market Conduct issues for the review of senior team members.
• Collaborate with internal compliance teams to develop and implement policies and procedures to mitigate legal risks.
• Work on legal issues where analysis requires identification and evaluation of multiple factors.
• Review and interpret laws and regulations as they relate to employer groups, associations, labor unions, and other non-employer groups to ensure they comply with state law prior to issuing policies.

Requirements

• JD from an ABA accredited law school
• Member of the Bar in good standing of any US jurisdiction
• Two years experience with insurance regulatory issues and/or a focus on life insurance, supplemental health insurance, and state insurance matters with knowledge of relevant laws, rules and regulations
• Effective communicator, both in writing and orally, with the intended audience
• Able to exercise sound judgment in a fast-paced environment
• Able to exercise agility and adaptability in providing legal advice
• Comfortable in a rapidly changing corporate environment
• Proficient using MS Office
• Effective organizational and project management skills with an ability to manage multiple priorities
• Action oriented, timely and organized with ability to prioritize workload with accuracy and attention to detail
• Focuses on creating an environment of honesty, inclusion and respect for others, is open to and champions differing ideas and perspectives, and collaborates in a fully inclusive manner

Benefits

• Competitive Pay
• Bonus for Eligible Employees
• Benefits Package
• 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, which includes 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