Insurance Products - Senior Counsel

GEICO • Bethesda, MD

4d • $148,625 - $260,350 • Hybrid

About The Position

GEICO is seeking an experienced legal professional with a background in insurance products to serve as an embedded Product Senior Legal Advisor. In this role, you will support all business lines as they develop new products or ways of doing business and refine their work. The ideal candidate will build a strong relationship with the business units to understand their goals and plans. You will quickly learn the business objectives and the plan for achieving them, then advise on legal requirements in language appropriate for non-lawyers. You will also advise on future risks and opportunities, taking into consideration insurance compliance, consumer-protection laws, contractual obligations, privacy, and the requirements of the unfair claims practices acts.

Requirements

• Strongly prefers candidates with 5 to 7 years of experience at a law firm or in-house serving as a legal advisor or coverage counselor for products within property/casualty insurance or an insurance litigation background including bad faith or extra contractual exposure.
• Must have a law degree and an active law license to practice in the United States of America.
• Strong listening and communication skills.
• Strong research and writing skills, and an eagerness to be involved in a dynamic company.
• Ability to quickly digest and understand business plans, processes, and procedures.
• Ability to provide legal advice with incomplete information.
• Refined judgment about legal and legal-adjacent risks as well as mitigation opportunities.
• Must be solution-oriented with strong analytical and decision-making skills.
• Must have demonstrated experience solving business problems and advancing business metrics.
• Experience working with cross-functional teams, both legal and non-legal.

Responsibilities

• Under general supervision, understand all key business objectives and means of accomplishing them for assigned business unit(s).
• Provide legal advice related to the business unit(s) and anticipate future legal needs.
• Draft and review policy documents anticipating litigation exposure.
• Coordinate support for assigned business units from other parts of the legal department.
• Use a wide range of legal knowledge to issue spot implications of business choices that could interact with multiple legal subject areas such as, insurance compliance, consumer-protection laws, contractual obligations, privacy, and requirements of state unfair claims practices acts.

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
• Education Level: Ph.D. or professional degree