Insurance Regulatory and Compliance Associate

Squire Patton Boggs•San Francisco, CA

About The Position

Squire Patton Boggs (US) LLP seeks an Associate to join its Insurance Regulatory and Compliance practice. The position may be located in any of the firm’s U.S. offices. The practice represents global, national, and regional insurance companies, private equity sponsors, healthcare systems, and other enterprises on regulatory and transactional matters across the insurance industry. It advises clients on insurance regulatory issues, including compliance, corporate transactions, and business initiatives in a highly regulated environment. Associates gain experience advising on insurance regulatory filings and approvals, insurance holding company compliance, insurer formation and licensure, and entry into new jurisdictions and markets. The practice also advises on mergers, acquisitions, joint ventures, and other strategic transactions involving insurance companies and related businesses. Other work includes developing compliance programs, internal controls, and risk-mitigation strategies; advising on day-to-day regulatory compliance; analyzing state insurance laws; counseling on financial reporting and oversight; responding to insurance department inquiries; assisting with market conduct and financial examinations; and supporting clients in administrative proceedings. The successful candidate will provide high-quality legal services to insurance industry clients on complex commercial and corporate transactions, regulatory inquiries, regulatory reporting, and day-to-day compliance matters. Candidates should have a working knowledge of state and federal insurance laws, rules, and regulations. The role offers the opportunity to develop regulatory expertise while working on complex matters for sophisticated clients.

Requirements

Juris Doctor (JD) from an accredited law school and a strong academic record.
Admission to practice law in the State Bar of the associate’s primary office.
Three to five years of relevant experience.
Working knowledge of state and federal insurance laws, rules, and regulations and laws applicable to the business of insurance.
Experience working with regulatory agencies that have authority over the business of insurance.
Experience working for insurance companies or other enterprises involved in the business of insurance.
Strong technical drafting skills and experience with complex commercial transactions, such as mergers, acquisitions, and joint ventures.
Ability to research laws, regulations, and sub-regulatory guidance effectively.
Experience drafting agreements, opinion letters, regulatory filings, policies and procedures, and other corporate documents.
Ability to work independently and collaboratively on complex matters, with initiative in seeking work and managing workload.
Excellent written and oral communication skills and sound judgment.
Excellent client-relationship skills and ability to handle increased client contact and work independently with less supervision.
Meticulous attention to detail, organization, self-motivation, and readiness to assume responsibility.
Flexibility and composure, with the ability to prioritize and handle urgent tasks and requests simultaneously with competence and accuracy.

Responsibilities

Provide legal services to insurance industry clients on complex commercial and corporate transactions.
Respond to regulatory inquiries and advise on regulatory reporting and day-to-day compliance issues.
Advise clients on insurance regulatory filings and approvals, insurance holding company compliance, insurer formation and licensure, and market entry.
Assist with mergers, acquisitions, joint ventures, and other strategic transactions involving insurance companies and related businesses.
Counsel clients on compliance programs, internal controls, risk mitigation, financial reporting, oversight, and operational compliance.
Analyze insurance laws, rules, regulations, and sub-regulatory guidance to counsel clients on business activities throughout the United States.
Assist with regulatory interactions, including market conduct and financial examinations and administrative proceedings.
Draft agreements, opinion letters, regulatory filings, policies and procedures, and other corporate documents.