Job Details

Assistant General Counsel Institutional Markets

Company name

American International Group, Inc.

Organization Type

In-House

Job Type

Attorney

Date Last Verified

May 17,2019

Valid Through

Aug 30,2019

Posted on

Dec 25,2018

Years of Experience

Min 4 yrs required

Location

New York City, NY, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Insurance Coverage >> Insurance Coverage
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Assistant General Counsel – Institutional Markets
The candidate will have the opportunity to demonstrate your legal expertise by being responsible for legal aspects pertaining to the Institutional Markets business of Life and Retirement. This position is primarily dedicated to providing general contract, insurance regulatory and transactional legal support for Life and Retirement’s Institutional Markets pension risk transfer, stable value wrap, reinsurance, GICs, private placements and structured settlement businesses. Areas of responsibility will include support of product development and ongoing support for pension risk transfer transactions, guaranteed investment contracts and the Global Funding medium term note program, funding agreements, structured settlements, reinsurance transactions and investments/capital markets matters. This will include drafting and negotiation of all relevant contracts and documentation as well as filings with applicable regulators. The position will also require general contract review, contract and insurance policy drafting and negotiation in relation to ordinary course transactions and business initiatives, drafting of policies and procedures in relation to corporate and business unit initiatives, support of legislative tracking and related matters, and special projects. Tax and ERISA knowledge is a plus. Will report to the Deputy General Counsel, responsible for legal affairs related to the Institutional Markets business of Life and Retirement. General transactional experience is necessary. Transactional experience in the life and annuity insurance or reinsurance industry is preferred. Responsible for all aspects of legal and regulatory matters relating to the pension risk transfer, stable value wrap, reinsurance, GICs, private placements and structured settlement businesses. Frequent interaction with the senior officers of Life and Retirement. Provide legal advice with respect to product development, transactional, insurance regulatory, contract negotiation, operational and compliance matters. Negotiation of agreements. Communication with regulatory authorities, as necessary Participate in functional projects as well as cross-functional projects within Life and Retirement. Travel will be necessary from time to time.

Qualification and Experience

A J.D. required. Admittance to at least one state bar is needed. Should have 4 years of in-house experience in the life and annuity insurance industry or at a major law firm supporting transactional work and preferably insurance company clients. Intellectual curiosity and a strong desire for knowledge and growth is required. Must have experience with drafting, mark-ups and negotiation of agreements. Should have demonstrated ability to work in a fast paced environment and to find creative solutions on diverse matters requiring complex legal and strategic analysis. Must have excellent written and oral communications skills. Should have strong organizational, time management and project management skills. Must be capable of working independently and/or as part of a team. Knowledgeable about regulatory and risk management functions is required.

Company info

Hiring Coordinator
American International Group, Inc.
80 Pine Street
New York City, NY 10005

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