Senior Counsel - Employee Benefits (Hybrid)

Transamerica•Cedar Rapids, IA

1d•$165,000 - $185,000•Hybrid

About The Position

We are seeking an attorney 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. The position will primarily support the company’s Employee Benefits division that focuses on supplemental health products and employer provider life insurance.

Requirements

JD from an ABA accredited law school
Member of the Bar in good standing of any US jurisdiction
Five years of experience at a sophisticated law firm or in-house counsel with insurance regulatory legal experience and/or a focus on supplemental health insurance, state insurance matters, and life insurance, 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-paced environment
Able to exercise agility and adaptability in providing legal advice
Comfortable in a rapidly changing corporate environment
Proficient using MS Office
Effective organizational and project management skills with an ability to manage multiple priorities
Action oriented, timely and organized with ability to prioritize workload with accuracy and attention to detail
Focuses on creating an environment of honesty, inclusion and respect for others, is open to and champions differing ideas and perspectives, and collaborates in a fully inclusive manner

Nice To Haves

Experience with individual and group life insurance products
Experience with voluntary benefits insurance products including supplemental health and/or long-term care, and with the ACA, HIPAA and ERISA laws
Employs innovative thinking to assist the business in generating and implementing creative, cost effective and realistic solutions that create business impact and lend toward its growth

Responsibilities

Provide legal advice and support in the development, filing, offering, and administration of life insurance products and services for our Employee Benefits division. This includes all term accident, disability, hospital indemnity, executive health, medical gap, retiree medical, Medicare supplement, and employer provide life products.
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.
Research, counsel, and draft recommendations addressing unique regulatory challenges such as state-based claims processing requirements, benefit coordination with group health plans, benefit triggers and eligibility, and the application of ERISA’s preemption clause to state insurance mandates.
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.
As needed, support Transamerica’s Life Insurance division.
Draft regulatory responses, disclosures, and other correspondence that may include market conduct issues from state and federal regulators 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.

Benefits

Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs