Managing Counsel, Regulatory & Transactions - Newly Created Position - Growing, global Reinsurance Company with Life and Health Focus! Fully Remote!
Managing Counsel, Regulatory & Transactions
Our client, a global reinsurance, fortune 500 company (with a focus on life and health solutions), are seeking a Managing Counsel with strong regulatory and transactions experience to work for their world class, leading legal team in a new position that has come about due to a lot of advanced and high growth on the team.
In this role, counsel will work independently to provide expert legal services and advice to clients regarding insurance regulatory matters related to life insurance, reinsurance, and pension risk transfer, provides legal services and advice to pension risk transfer unit, including drafting related documents, manages or assists in handling required regulatory filings and interactions, and works closely with corporate business partners in a team environment on issues impacting life insurance, reinsurance and pension risk transfer business.
This role is preferred hybrid work location Chesterfield MO, but will consider U.S. located remote work opportunity for the right person.
What you will do
Address day-to-day regulatory matters, including verbal and written communications, with various insurance regulators including Missouri Department of Commerce and Insurance, and the New York Department of Financial Services, on issues related to life insurance, reinsurance, and pension risk transfer business.
Research and analyze legal and regulatory issues and questions related to life insurance, reinsurance, and pension risk transfer business.
Provide timely legal advice and legal services at a seasoned and deeply experienced level to the pension risk transfer unit on all aspects of group annuity transactions including administration thereof.
Collaborate and communicate with members of the Global Legal Services team and business clients to perform highly complex assignments and resolve unusual or challenging legal and regulatory issues.
Negotiate and draft pension risk transfer commitment agreements, group annuity contracts, and other documents.
Advise on factors considered by independent fiduciaries in determining whether an insurer's group annuity contract meets "safest available annuity" standard.
Ensure compliance with insurance legal and regulatory requirements and assist in obtaining necessary regulatory approvals with respect to group annuity contracts and related annuity certificates.
Collaborate with internal disciplines including investments, treasury, actuarial, structured finance.
Assist in due diligence and document review and preparation processes in connection with transactional matters.
Required Qualifications
Law degree from an accredited U.S. law school.
Bachelor's degree from an accredited university or college.
Licensed to practice law in at least one U.S. state.
Experience with, and knowledge of, insurance regulatory matters related to life, insurance, reinsurance and/or pension risk transfer.
10+ years' experience as an attorney in a law firm or in a corporate legal function.
Experienced, senior-level knowledge of U.S. insurance laws and regulations, including especially New York and ability to learn and navigate regulatory for other states, especially Missouri, related to insurance and reinsurance matters, including pension risk transfer transactions.
Prior experience working with state insurance regulators.
Working knowledge of annuities, including the state insurance and federal securities laws related to those products.
Working knowledge of annuities operations and related legal and contractual requirements.
Experience providing legal advice in connection with customer and regulatory inquiries and interacting with regulators.
Other Desired Skill Set
Excellent skills with respect to drafting, review, proofreading, negotiation, persuasion, and oral and written communication. Demonstrated ability to clearly present appropriate business terminology and concepts.
Highly organized and results-oriented with strong attention to detail.
- Seasoned time management skills and commitment to meet deadlines.
Flexible, take initiative, and demonstrate accountability.
Ability to interact and work collaboratively and constructively with people at various levels within and outside the organization.
Ability to maintain high level of confidentiality.
Committed to acquiring new skills and knowledge of changing technologies and practices.
If interested, please apply directly today for a fully confidential conversation to discuss next steps further!
