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

Job Description

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

Qualifications :

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

Preferred Qualifications :

Experience with voluntary benefits insurance products including supplemental health and / or long term care, and with the ACA, HIPAA and ERISA laws is preferred

Working Conditions :

Hybrid working environment : Baltimore, Cedar Rapids, Philadelphia, Denver

Occasional travel to meet with leaders, other members of the team, and business partners

Compensation :

The Salary for this position generally ranges between $165,000 - $180,000 annually.  Please note that the salary range is a good faith estimate for this position and 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.

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.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation 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

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts throughthe Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including theInclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees.Theyprovide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegonacquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.

• It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
• As of December 31, 2023