Job Details

Insurance Coverage Attorney in New York City NY

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Aug 15,2018

Posted on

Jun 07,2018

Years of Experience

Max 6 yrs required

Location

New York City, NY
Practice Area
Insurance Coverage >> Insurance Coverage
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Insurance Services and Products Attorney
The candidate will: Provide legal support to the Company's RIS business, which includes pension risk transfer transactions, stable value and institutional income annuities (group annuities provided as investment options to participants under defined contribution or defined benefit plans), structured settlements (annuities purchased to satisfy periodic payment obligations in connection with a settlement or judgement), post-retirements benefits (life insurance and funding agreements) and company-owned and bank-owned life insurance (COLI/BOLI). Provide legal analysis and advice on product development and underwriting activities, policy/contract and certificate drafting, distribution arrangements, regulatory filing and registration requirements, marketing material and practices, and all other aspects of the RIS business. Assess and communicate legal and regulatory risks associated with RIS and counsel the business partners on ways to effectively mitigate such risks. Work with business partners to understand RIS’s business goals and strategic initiatives and anticipate the legal issues and resources necessary to support them.

Qualification and Experience

The candidate should have Law degree (J.D. or equivalent) and Bar admission required with preferably 6 years of relevant legal experience and strong record of in-house success. Subject matter expertise in at least some of the following areas: state insurance law and regulations regarding group insurance and annuities, institutional distribution arrangements including FINRA regulations and requirements, employee benefits and retirement funding, ERISA, licensing, and SEC-registered insurance products (familiarity with the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934 is highly desirable). Ability to handle straight-forward legal matters with minimal oversight and more complex matters with supervision while escalating significant issues in a timely fashion. Sound judgment, a high degree of professionalism, an ability to prioritize and adhere to deadlines. Communicates clearly, concisely and persuasively with a variety of internal stakeholders (corporate business partners, team members, functional colleagues, etc.), works collaboratively and builds effective partnerships.

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