This a Full Remote job, the offer is available from: Colorado (USA), Iowa (USA), Maryland (USA), Pennsylvania (USA)
Job Family
Legal Counsel
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
We are seeking a Counsel 2 for a critical role in ensuring the success and compliance of our organization. In this dynamic position, you will be a key contributor within a team of four attorneys who provide strategic legal guidance and support within Transamerica’s Protection Solutions and Savings & Investments businesses that focuses on Life Insurance and Supplemental Health insurance.
Job Description
Responsibilities:
• Provide legal advice and support in the development, maintenance and offering of life insurance products and services for our Individual Life Insurance division. Will also provide support for our 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.
• With guidance from a senior attorney, educate business partners of the potential impact to Transamerica’s life insurance and supplemental health insurance products, 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.
• 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.
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 life insurance, 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-