Associate In-House Counsel at TheGuarantors

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Jan, 26

Salary

215000.0

Posted On

29 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal Compliance, Insurance Regulations, Risk Management, Communication Skills, Contract Negotiation, Cross-Functional Collaboration, Training Development, Regulatory Inquiries, Product Development, Claims Processing, Underwriting, Continuous Learning, Consumer Protections, Policy Review, Compliance Testing, Education Requirements

Industry

Financial Services

Description

This role presents an exciting opportunity for a candidate to delve into the dynamic intersection of law, compliance, and the insurance industry. It also provides the chance to collaborate cross-functionally with the Product, Risk, Underwriting, Customer Success, Marketing, and Corporate Development departments. The role not only entails ensuring legal compliance but also actively contributes to aligning legal strategies with broader business objectives. Additionally, it offers unique exposure to an innovative and evolving industry. Location This is a hybrid position based out of New York. Responsibilities Monitor, analyze and ensure the Company’s compliance with applicable insurance laws and regulations, industry standards and best practices. Work cross-functionally with the Risk, Underwriting and Customer Success departments to provide legal guidance in underwriting and claims processes. This includes responding to internal and external questions concerning claims processing, underwriting and application of policy terms. Assist in the strategic development and deployment of insurance products. Review and respond to regulatory inquiries. Maintain insurance producer licenses for entity, individual agents/brokers, and claim adjusters. Supervise continued education requirements of licensed personnel through third-party providers. Navigate cross-discipline and cross-industry questions addressing landlord-tenant law and insurance regulations. Develop internal programs and resources, including training materials for various departments regarding compliance, best practices, and risk management. Conduct regular reviews of internal policies, procedures and processes to ensure alignment with applicable laws and regulations and industry standards. Contribute to designing and executing compliance testing and monitoring programs. Prepare and present comprehensive compliance reports to senior management, highlighting concerns, recommendations, and progress on compliance initiatives. Coordinate with the Marketing department to ensure all advertising and marketing materials comply with applicable laws, regulations and internal policies. Collaborate with internal stakeholders to address and remediate compliance-related issues and findings. Assist Chief Information Security Officer concerning NY Part 500 compliance, SOC II observations, and responding to due diligence inquiries. Support Product and Technology teams in navigating consumer protections, industry standards, and best practices in deployment of insurance products and SaaS platforms. As required, assist in the negotiation, drafting, and review of contracts (MSA’s, Program Administrator Agreements, claim engagements, vendor contracts, partner agreements, etc.) to support time-sensitive sales and operations matters. The position will directly report to the Head of the Legal and collaborate extensively with leadership of multiple teams including Risk, Underwriting, Customer Success, Marketing and Corporate Development departments. Requirements 3+ years of experience in a law firm, in-house legal/compliance department (preferred experience from an insurance carrier, MGA, or agent/broker), or government experience at a department of insurance. NY Bar license or ability to satisfy NY In-House Registration requirements. Property and casualty insurance license preferred; CPCU certification desirable. Strong understanding of insurance regulations and compliance requirements. Proficiency in conducting risk assessments, developing risk management strategies and implementing control frameworks. Effective communication skills (written and verbal), capable of presenting findings and recommendations to various audiences. Demonstrated commitment to continuous learning and professional development. Passion for insurance and ability to synthesize federal, state, and local statutes and regulations. Benefits Opportunities to make an impact within a fast growing company Medical, dental, & vision insurance, beginning day one Health savings account with employer contribution Flexible spending accounts (healthcare, dependent care, commuter) 401(k) Generous PTO and paid holidays Flexible working hours Paid parental leave Company sponsored short and long term disability Base Salary The base salary range is between $190,000 - $215,000 annually. Base salary does not include other forms of compensation or benefits. Final offer amounts are determined by multiple factors, including prior experience, expertise, location and current market data and may vary from the range above. TheGuarantors is an Equal Opportunity Employer. We celebrate diversity and are committed to an inclusive environment for all.

Responsibilities

The Associate In-House Counsel will monitor and ensure compliance with insurance laws and regulations while collaborating with various departments to provide legal guidance. The role also involves developing internal programs and resources related to compliance and risk management.