Hybrid Senior Counsel – Insurance Regulatory Counsel, Life Insurance

at Transamerica

• Job title: Senior Counsel – Insurance Regulatory Counsel, Life Insurance
• Job type: Full Time
• Experience level: Senior
• Salary: $165,000 - $180,000 per year
• Degree requirement: Professional Certificate
• Location requirements: Hybrid, Baltimore, United States

About the role

• Senior Counsel providing strategic legal guidance for Transamerica’s life insurance products and services. Collaborating within a team to ensure compliance and business success in a hybrid work environment.

Responsibilities

• Provide legal advice and support in the development, maintenance and offering of life insurance products and services
• Prepare, review and negotiate legal contracts, documents and agreements, including marketing, distribution, administration, TPA and/or vendor agreements
• Advise on legal risks and potential impacts of business decisions
• Provide advice regarding escalated claims and consumer complaints
• Monitor, review and interpret relevant changes in laws, rules and regulations, particularly those related to insurance regulations and keep business partners informed of the potential impact to Transamerica’s life insurance business
• Draft regulatory responses, disclosures, and other correspondence that may include Market Conduct issues
• Collaborate with internal compliance teams to develop and implement policies and procedures to mitigate legal risks
• Work on complex legal issues where analysis requires identification and evaluation of multiple factors
• Educate business partners and work cross-functionally with compliance, supervision, risk, and business partners to achieve compliance with applicable laws and regulations while minimizing client impact
• May review 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
• Keep senior business management and operations personnel apprised of pertinent legal and regulatory developments
• Exercise independent judgment regarding legal advice with limited supervision of a more senior attorney

Requirements

• JD from an ABA accredited law school
• Member of the Bar in good standing of any US jurisdiction
• Senior level experience at a sophisticated law firm or in-house counsel with insurance regulatory legal experience (typically 5+ years)
• 5 years of relevant legal experience with a focus on life insurance, and state insurance matters with knowledge of relevant laws, rules and regulations
• Able to effectively communicate, both written and oral, 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
• Good organizational and project management skills with an ability to work autonomously and manage multiple priorities
• Action oriented, timely and organized with ability to prioritize workload with high degree of accuracy and attention to detail
• Employs innovative thinking to assist the business in generating and implementing creative, cost effective and realistic solutions that create business impact and lend toward its growth
• 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
• 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
• College Coach 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