Description:

The Corporate Counsel will serve as the primary in-house legal advisor supporting the company's captive and reciprocal insurance exchange operations. This role focuses on providing strategic, practical legal guidance for program formation, reinsurance and retrocession transactions, third-party administration, commercial contracting, member governance, and assessment collections. The ideal candidate will combine deep insurance and corporate law expertise with the ability to collaborate across business teams and communicate effectively with captive members and stakeholders.

Primary Responsibilities:

Program Formation and Governance: Draft, review, and negotiate formation and organizational documents for captive and reciprocal insurance entities, including articles of incorporation, bylaws, operating agreements, shareholder agreements, and related governance materials.
Reinsurance and Retrocession: Provide end-to-end legal support for reinsurance and retrocession programs. Draft, review, and negotiate reinsurance treaties, facultative placements, retrocession agreements, and related collateral/security arrangements. Ensure compliance with regulatory, accounting, and risk-transfer requirements.
Third-Party Claims Administration (TPA): Oversee legal aspects of TPA relationships, including drafting and negotiating service agreements, claims-handling protocols, and performance standards. Advise on regulatory compliance, data privacy, and dispute resolution related to claims administration.
Commercial Contracting: Draft, review, and negotiate a wide range of agreements, including: Broker and intermediary agreements; Vendor and service provider contracts; Administrative services agreements; Non-disclosure agreements (NDAs) and confidentiality arrangements; Fronting, investment management, and other operational contracts.
Member Meetings and Governance Support: Prepare for and attend subscriber and member meetings. Review legal aspects of meeting materials, provide real-time advice on governance, regulatory, and operational issues, and assist in documenting decisions and resolutions.
Assessment Collection and Member Obligations: Support the legal framework for assessment (premium) collection from captive members. Draft assessment notices, contribution agreements, and enforcement mechanisms. Advise on collection strategies, late-payment remedies, and any related disputes while maintaining strong member relationships.
Captive Member and Subscriber Legal Support: Attend meetings and provide legal support as to aspects of the programs. Draft and prepare responses to member and subscriber complaints.
Regulatory Compliance and Risk Management: Monitor and ensure compliance with insurance regulations across relevant domiciles. Manage regulatory filings, examinations, and inquiries. Identify and mitigate legal risks associated with captive programs, including tax, ERISA (where applicable), and anti-trust considerations.
Cross-Functional Collaboration: Partner closely with governance, regulatory, underwriting, finance, risk management, operations, and claims teams. Manage and coordinate with external counsel when specialized expertise is required.
The above reflects management's definition of essential functions for this position but does not restrict the tasks that may be assigned. The above responsibilities are representative only; management may modify the duties and responsibilities to this position at any time.

Qualifications and Experience:
Required:

Juris Doctor (J.D.) from an ABA-accredited law school.

Preferred:

Direct experience with group, association, single parent captives, and member assessment structures.
Familiarity with common domiciles (e.g., Vermont, Utah, South Carolina, Cayman, Bermuda).
Prior exposure to third-party administration, fronting arrangements, and collateral requirements.
Experience supporting board and member meetings in a regulated financial services environment.

What we offer:

Opportunity to play a pivotal role in a specialized and growing area of alternative risk financing.
Collaborative, business-oriented legal environment.
Competitive compensation, benefits, and professional development support.
Work from Home Setup:
An internet connection, via cable or fiber, that can support 300Mbps down and 10Mbps up. A wired (Ethernet) connection to the internet is preferred for best performance.
A workstation, desk, or table that is ergonomically suitable for the employee's physical needs, (standing, sitting, etc.). This workspace must support two, 24” displays, a laptop, docking station, keyboard, and mouse, at minimum.

Teleworkers must be reachable while teleworking during the employee's regularly scheduled hours. Methods of communication include email account, voice calls, and messages using company-issued iPhone, Microsoft Office Teams, and other appropriate department tools and equipment. It is expected that teleworkers will attend all virtual scheduled meetings with their cameras on as much as possible. Additionally, any calls and/or voicemails will be answered in a timely manner.

Job Type: Full-time

Pay: From $160,000.00 per year