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

We are seeking an attorney for a critical role in ensuring the success and compliance of our organization within Transamerica’s Protection Solutions and Savings & Investments businesses, focusing on Life Insurance and Supplemental Health insurance.

Responsibilities

• Provide legal advice and support in the development, filing, offering, and administration of life insurance products and services for our 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 the review of senior team members.
• Research, counsel, and draft recommendations pertaining 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, 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.
• Support Transamerica’s group life insurance, supplemental life insurance products, and supplemental health insurance products and services for our Group Employee Benefits division.
• Draft regulatory responses, disclosures, and other correspondence that may include market conduct issues from state and federal regulators 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.

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, 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.

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.
• 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.

Working Conditions

• Hybrid working environment: Baltimore, Cedar Rapids, Denver, or Philadelphia.
• Occasional travel to meet with leaders, other members of the team, and business partners.

Pay

The salary for this position generally ranges between $165,000 - $185,000 annually. Actual starting pay is determined by several 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.

This position is typically eligible for an annual bonus based on the Company Bonus Plan and individual performance, at the Company’s discretion.