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Global Atlantic · 3 months ago

Legal Associate, Insurance Product Filings Opening

Des Moines, Iowa, United States

Full-time

Onsite

Mid, Senior Level

$110K/yr - $120K/yr

7+ years exp

Global Atlantic is a leading provider of retirement security and investment solutions, and they are seeking a Legal Associate to join their Retail Insurance Legal team. The role involves drafting contract provisions for new insurance products, ensuring compliance with state regulations, and supporting product implementation efforts.

Financial ServicesInsuranceLife InsuranceRetirement

Comp. & Benefits

Responsibilities

Draft contract provisions for new products, with a primary focus on retail annuity products, through collecting and coordinating business requirements from the internal product implementation, actuarial, legal, compliance, operations, and sales teams

Develop project timelines and tasks for state product submissions and set expectations for the state approval timelines for the business

Analyze legal standards of state insurance laws and/or Interstate Insurance Product Regulation Commission standards in relation to new product development initiatives including impacts to policy and contract form language

Correspond and negotiate with state regulators on objections to product submissions and prepare responses

Oversee and prepare new product submissions in SERFF and proactively seek ways to streamline the submission process to decrease time between submission and approval

Review, file, and gain approval, where required, of consumer advertising and enterprise branding initiatives

Partner with our internal marketing team to ensure that final consumer advertising is aligned with requirements of the contract

Maintain record of regulated forms history; coordinate with business areas to ensure proper forms are available and used

Support new product implementation efforts by providing final disclosure and contract language requirements

Support internal operations and third-party administrators to ensure products continue to function in accordance with policy/contract language for all in-force policies

Maintain professional contact with state insurance departments, the Interstate Insurance Product Regulation Commission and other insurance professionals throughout the country

Qualification

Annuity product knowledgeLegal compliance expertiseRegulatory negotiation skillsMicrosoft Office proficiencyTechnical writingInsurance administration knowledgeAdobe Professional experienceSERFF knowledgeInterpersonal skillsProject management

Required

Seven or more (7+) years of experience in the annuity and/or life insurance industry with preference of three or more (3+) in a legal, compliance or product development related function

Strong knowledge of insurance products and sales practices, and the ability to comprehend regulatory changes

Exceptional communication abilities to articulate complex requirements verbally and through technical writing, along with negotiation and interpersonal skills

Familiarity with key aspects of insurance administration

PC skills, including experience with Microsoft Office, Adobe Professional and other applicable software

A working knowledge of regulatory requirements as they pertain to life insurance and annuities and experience with SERFF