Responsibilities:
Provide legal advice and support in the development, filing, offering, and administration of life insurance products and services for our Individual Life Insurance division. This includes all term life, universal life, whole life, final expense, funeral & pre-need insurance, and variable life products that Transamerica offers and administers.
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 pertaining to agent appointments and licensing, illustrations, foreign nationals, international business, structured settlements, debt, and estate issues.
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.
Support Transamerica’s group life insurance, supplemental life insurance products, and supplemental health insurance products and services for our Group Employee Benefits 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.
Qualifications:
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 life insurance, state insurance matters, and supplemental health 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
Preferred Qualifications:
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
Working Conditions:
Hybrid working environment: Baltimore/Cedar Rapids/Denver/Philadelphia
Occasional travel to meet with leaders, other members of the team, and business partners
Compensation:
The Salary for this position generally ranges between $165,000 - $185,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
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This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
We will never request personal information such as ID or payment for equipment upfront.
Official offers are sent via DocuSign following a verbal offer—not through text or email.