Senior Counsel, Corporate Legal – Regulatory Engagement

GEICO • MD Remote Zone 1, MD

9d • $166,050 - $260,350 • Hybrid

About The Position

The Senior Counsel role within the Corporate Legal – Regulatory Engagement group provides legal and regulatory advice on market conduct exams and other regulatory investigations for GEICO’s various insurance lines and its business units, including sales, underwriting, claims, product management & insurance compliance teams. Responsibilities include: Oversee GEICO’s day-to-day direct engagement with state insurance department regulators during examinations and other regulatory inquiries/complaints. Ensure effective representation in securing/negotiating the favorable resolution of pending regulatory matters. Collaborate with and support internal clients on insurance regulatory examinations and other regulatory inquiries/complaints. Oversee preparation of research and memoranda on relevant insurance legal and regulatory issues arising during regulatory exams or other regulatory complaints/inquiries. Identify and assess risk exposure to the Companies during regulatory exams, investigations or other regulatory complaints/inquiries based on comprehensive understanding of relevant statutes, regulations, regulatory interpretations and desk drawer rules. Provide strategic legal counsel, identify regulatory trends, and educate business leaders on a wide range of insurance regulatory matters to support the business leaders in managing regulatory risk. Collaborate with all disciplines within the legal organization (including the government and regulatory affairs team and other specialized legal divisions), as well as corporate compliance, business operations units (sales, service, underwriting, claims), product management (business line owners), finance, and licensing, to provide informed legal/regulatory advice and risk assessments related to regulatory inquiries. Work closely with compliance to assess and mitigate regulatory risk. Limited domestic travel to engage and build relationships with insurance regulators and/or business clients to effectively represent GEICO’s interests. Special projects as assigned.

Requirements

• Juris Doctorate from an accredited law school, licensed to practice law in at least one state.
• Minimum of 6-10 years of property/casualty insurance legal regulatory experience, preferably in an insurance company, law firm, or state insurance department.
• Strong research, analytical and writing skills.
• Expertise regarding state laws and regulations applicable to insurance with auto insurance knowledge strongly preferred.
• Demonstrated experience leading legal engagement with insurance department exams and inquiries.
• Strong executive communication and presentation skills.
• Experience with business counseling, including the ability to advise on complex issues to business professionals at every level of the organization.
• Ability to work independently, multi-task, prioritize projects, manage deadlines and engage effectively in cross-functional collaboration across the company.
• Enthusiasm for working in a team-oriented, dynamic environment; ability to identify matters requiring escalation to management; strong service-oriented disposition.

Responsibilities

• Oversee GEICO’s day-to-day direct engagement with state insurance department regulators during examinations and other regulatory inquiries/complaints.
• Ensure effective representation in securing/negotiating the favorable resolution of pending regulatory matters.
• Collaborate with and support internal clients on insurance regulatory examinations and other regulatory inquiries/complaints.
• Oversee preparation of research and memoranda on relevant insurance legal and regulatory issues arising during regulatory exams or other regulatory complaints/inquiries.
• Identify and assess risk exposure to the Companies during regulatory exams, investigations or other regulatory complaints/inquiries based on comprehensive understanding of relevant statutes, regulations, regulatory interpretations and desk drawer rules.
• Provide strategic legal counsel, identify regulatory trends, and educate business leaders on a wide range of insurance regulatory matters to support the business leaders in managing regulatory risk.
• Collaborate with all disciplines within the legal organization (including the government and regulatory affairs team and other specialized legal divisions), as well as corporate compliance, business operations units (sales, service, underwriting, claims), product management (business line owners), finance, and licensing, to provide informed legal/regulatory advice and risk assessments related to regulatory inquiries.
• Work closely with compliance to assess and mitigate regulatory regulatory risk.
• Limited domestic travel to engage and build relationships with insurance regulators and/or business clients to effectively represent GEICO’s interests.
• Special projects as assigned.

Benefits

• 401K savings plan vested from day one that offers a 6% match
• performance and recognition-based incentives
• tuition assistance
• mental healthcare
• fertility and adoption assistance
• workplace flexibility
• GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year

What This Job Offers

• Job Type: Full-time
• Career Level: Senior