Counsel 2 - Insurance Regulatory Counsel (Employee Benefits Insurance) - Hybrid
Why Join Transamerica?
You’ll have an opportunity to work with a leading life insurance company in a collaborative and supportive work environment with professional development and growth opportunities. If you're a proactive, solutions-focused attorney looking to make an impact on a dynamic legal team, we want to hear from you!
Responsibilities:
Provide legal advice and support in the development, maintenance and offering of supplemental health insurance products and services for our Group Employee Benefits division
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
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
Review and interpret 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
With guidance from a senior attorney, educate business partners of the potential impact to Transamerica’s supplemental health insurance business, work cross-functionally with compliance, product, and operations to comply with applicable laws and regulations while minimizing client impact
Draft regulatory responses, disclosures, and other correspondence that may include Market Conduct issues 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
Two years experience with insurance regulatory issues and/or a focus on supplemental health insurance, and state insurance matters 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 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, 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 $140,000 - $150,000 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 possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
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.