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

Saint Louis Park, Minnesota, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Feb, 26

Salary

225000.0

Posted On

16 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

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

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. Job posting range: $141,000-225,000 Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth. 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, dental and vision plan options, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, generous annual paid leave, an outstanding 401(k) company match, and life insurance. 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 generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer. For additional information regarding What It’s Like To Work Here | Allianz Life. 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 assist in providing legal services for product development, focusing on fixed indexed annuities and index life insurance products. Responsibilities include drafting contracts, coordinating legal support, and advising various departments on legal and regulatory requirements.