Hybrid Insurance Regulatory Counsel, Life Insurance – Assistant General Counsel

at Transamerica

• Job title: Insurance Regulatory Counsel, Life Insurance – Assistant General Counsel
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $200,000 - $225,000 per year
• Degree requirement: Postgraduate Degree
• Location requirements: Hybrid, Baltimore, United States

About the role

• Consult with and advise financial services organization on legal actions. Responsible for legal oversight and managing attorneys in assigned practice areas.

Responsibilities

• Manage legal counsel and advice provided to several in-house constituents, including senior management, within practice area(s): Life Insurance, Health Insurance, Employee Benefits.
• Identify gaps in corporate policies related to legal issues and provide advice on closing those gaps.
• Work on complex problems where analysis requires identification and evaluation of multiple factors and that impact significant areas of the company.
• Advise business and team members on issues impacting significant functional areas of the company, e.g., Operations, Product Development, Actuarial, Compliance, Distribution, Underwriting, Call Centers, Policy Administration, Claims, Agent Contracting, Licensing & Appointments, Complaint Handling, Form Filings, SEC Product Registrations, Regulatory Exams.
• Represent the company before, and interact with, federal, state and SRO regulators.
• Negotiate difficult disputes that may have serious impacts on the company.
• Identify areas where new documents/templates/processes are necessary.
• Manage legal matters handled by outside counsel.
• Select outside counsel for matters from pre-selected counsel list or identify and engage new outside counsel as needed.
• Take budgetary responsibility for specific cost center(s).
• Assist with departmental budgeting and cost control initiatives.
• Manage and train other/junior attorneys within practice area(s).
• Primarily work with independent judgment, consulting with more senior attorneys and colleagues as needed.
• Identify needs for, participate in, and lead departmental and cross-functional working groups in identified areas of expertise or development; engage with the most senior levels of the company leadership.
• Review complex legal documents and agreements; provide input into leadership competencies for department.
• Manage data privacy risks and ensure compliance with company policy regarding the processing of personal and/or other sensitive data.
• Collaborate extensively with business clients, Legal, Compliance and Risk colleagues.

Requirements

• JD from an ABA accredited law school
• At least ten years of relevant legal experience
• Licensed or eligible to practice in at least one US jurisdiction
• Demonstrates exceptional emotional intelligence and resilience, effectively leading and navigating complex, ambiguous, and high-stakes situations with sound judgment and professionalism
• Ability to exercise agility and adaptability in providing legal advice within a rapidly changing corporate environment
• Ability to effectively communicate, both written and oral, with the intended audience and all levels of the organization
• Proficient using MS Office

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