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

About the role

We are seeking an attorney for a critical role in ensuring the success and compliance of our organization. In this dynamic position, you will be a key contributor within a team of four attorneys who provide strategic legal guidance and support within Transamerica's Protection Solutions and Savings & Investments businesses that focuses on Life Insurance and Supplemental Health insurance. Preference given to candidates near our four key offices (Denver, Cedar Rapids, Baltimore, Philadelphia), but 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 our Individual Life Insurance division. This includes all term life, universal life, whole life, final expense, funeral & pre-need insurance, and variable life products that Transamerica offers and administers.
• 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 location for candidates near Baltimore/Cedar Rapids/Denver/Philadelphia (3 days in office). Remote location for candidates not near a core office location.

Pay

The salary for this position generally ranges between $165,000 - $185,000 annually. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

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