Description:

At A European Multinational Financial Services Company, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. In addition, we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.

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 the drafting and approval of annuity contracts and life insurance policies by state insurance regulators, and when required the preparation and/or updating of registration statements and forms filed with the United States Securities and Exchange Commission. The role also involves the drafting and review of product related disclosures, advertising and marketing materials, including specialized annuity and life insurance sales concepts.

What you do:

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.

What you bring:
Education/Licensing:

Required: 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.
At least 2 years of practice supporting the development of annuities and life insurance at a law firm and/or in-house.
knowledge of state insurance laws and regulations applicable to annuities and life insurance.
Experience with annuity product development, including responsibility for contract and policy drafting.
Experience in interacting with state regulators and IIPRC on product filings.
High degree of comfort working directly and collaboratively with business units.

Preferred:

Work experience in a financial services company (e.g. insurance company, bank, broker dealer, etc.)
Life insurance product development experience.
Variable insurance product development experience and working knowledge of the Securities Act of 1933, Securities Exchange Act of 1934 and the Investment Company Act of 1940.

Knowledge, Skills & Abilities:

Subject matter expertise in insurance/financial services product development.
Knowledge of federal and state laws and regulations and their enforcement in the insurance/financial services industry.
Strong verbal and written communication skills, including the ability to express complex legal issues in clear, concise language.
Proven collaborative and leadership skills.
Proven ability to work within complex business environments.
Demonstrated exceptional judgment and critical thinking.
Strong time management, project management, and computer application skills.
Familiarity with document management, matter management and electronic legal billing systems.