Senior Counsel-Associate General Counsel at Allianz Global Corporate & Specialty SE

Saint Louis Park, Minnesota, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

210000.0

Posted On

04 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal Practice, Product Development, Annuities, Life Insurance, State Insurance Laws, Regulatory Compliance, Research Skills, Communication Skills, Collaboration, Risk Analysis, Advertising Review, Sales Literature, Customer Communications, Artificial Intelligence Tools, Team Player, Proactive Advice

Industry

Financial Services

Description

What you do: Reporting directly to the Senior Counsel, Associate General Counsel, this position will assist in providing legal services primarily with respect to all phases of product development, including specifically fixed indexed annuity and index life insurance products. The role will provide legal advice and guidance in product development, including drafting and approval of annuity contracts and life insurance policies by state insurance regulators, and when required preparation and/or updating of registration statements and forms filed with the United States Securities and Exchange Commission. The role also involves drafting and review of product related disclosures, advertising, and marketing materials, including specialized annuity and life insurance sales concepts. Assist in the expansion of the Company’s product offerings that respond to changing market conditions. Coordinate providing legal support on product development initiatives and other strategic product-related initiatives. Provide daily advice to Product Development, Product Innovation, Actuarial, Accounting, Compliance and Marketing Departments. Provide business partners with proactive advice, educational information, and counsel regarding legal and regulatory requirements related to the development of annuity and life insurance products. Analyze new laws, regulations and state bulletins impacting annuity and life insurance product development. Routinely identify emerging trends and potential risks (in the product development arena) to Company and educate business partners regarding best practices and strategies to minimize risks. Review and provide advice on advertising, sales literature, customer communications and field communications related to annuity and life insurance products. Utilization of artificial intelligence tools and resources (e.g. generative AI). What you bring: 8+ years of experience required: Legal practice experience required including at least 2 years of practice supporting the development of annuities and life insurance at a law firm and/or in-house Juris Doctor from ABA accredited law school; currently licensed to practice law in the State of Minnesota or obtain a Minnesota license within six months of hiring Knowledge of state insurance laws and regulations applicable to annuities and life insurance. Basic understanding of annuity and life product tax Team player, curious, strong research skills, excellent communication skills, collaborative Experience in interacting with state regulators and IIPRC on product filings High degree of comfort working directly and collaboratively with business units You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas. Base Salary Range $141,000-210,000 Actual base salary may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program. What we offer: At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that is fair, caring and inclusive. Our great benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer. 82743 | Legal & Compliance | Professional | Non-Executive | Allianz US Life | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow. #LI-TS1

Responsibilities

The Senior Counsel will provide legal services related to product development for fixed indexed annuities and index life insurance products. This includes drafting contracts, advising on regulatory compliance, and coordinating legal support for product initiatives.