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Associate General Counsel (Insurance Products, Tax and Corporate)



Category

Law

Tracking Code

1573-160

Job Description

Position Overview

We are seeking an experienced life insurance and tax attorney to join our team in the Law Department of The Penn Mutual Life Insurance Company.  This role will report directly to the Chief Legal Officer.  The role’s primary responsibilities will be to counsel and advise the Chief Legal Officer and Senior Business Leaders on insurance related matters in connection with the issuance and maintenance of Penn Mutual’s life and annuity products. The Company’s products are offered in a variety of tax-qualified and non-qualified markets, and the role includes advising on filings with state insurance departments.  As a member of the Law Department, the successful candidate will partner with the life insurance, annuity and broker-dealer businesses. 

  

Responsibilities           

  • Provides day-to-day advice to business partners relating to the administration, operations, marketing, product design/modification and distribution of life and annuity products
  • Provides advice on the operation and day-to-day administration of the Company’s suite of life insurance related products, including responding to inquiries from governmental agencies and other external constituents about these products and assessing claims associated with these products
  • In collaboration with internal and external legal counsel performs tax law research and prepares tax law memorandum supporting the Company’s life insurance and annuity business
  • Collaborates with other attorneys on tax, litigation, and regulatory matters relevant to the Company’s life and annuity products;
  • Handles complex legal matters, analyze legal (and business, where applicable) issues, draft legal documents, and negotiate matters and solve intricate problems using sound legal judgment and expertise, without supervision
  • Builds and maintains client relationships with diplomacy and by providing insightful, timely, pragmatic, and proactive counsel
  • Educates self and business partners on legal developments affecting business and provides innovative strategies to address those developments
  • Works on or leads project or cross-functional teams
  • Advises business areas on new and existing state regulatory requirements
  • Provides additional legal support to the Company's business units as necessary

Required Skills

  • Strong analytical, research, writing and oral advocacy skills
  • Demonstrated ability to work effectively in a small team environment, including being flexible and adaptable
  • Ability to work independently and to approach matters with a hands-on attitude
  • History of working with a sense of urgency and a genuine desire to contribute to the company’s collective success
  • Strong business partner with ability to effectively counsel internal clients and manage relationships with external business partners
  • Ability to lead by example, acknowledge and assume responsibility for successes and failures in terms of actions, decisions, processes, and results
  • Meticulous attention to detail, sense of urgency, ability to handle substantial workload effectively (i.e., establish priorities, adhere to deadlines)
  • Provide creative input to policies and procedures of Product Management team and our business partners

Required Experience

  • Candidates should be knowledgeable in state insurance law with a strong working knowledge of life insurance law, contracts law and life insurance tax regulations
  • 7+ year’s legal experience in a law firm, in house counsel at a financial services firm, life insurance company, regulatory agency, or a combination thereof

 

 Education/Licenses 

  • Juris Doctorate from an accredited law school
  • Admission to the bar of at least one state and eligibility for the PA bar’s Limited In-House Corporate General License

 

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment.  All employment-related decisions and practices are free from unlawful discrimination.  This includes: race, creed, color, national origin, ancestry, citizenship, age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.  Leaders may, at their discretion, change the responsibilities in this position description at any time due to reasonable accommodation and/or other business reasons.

 

 

About the Penn Mutual Life Insurance Company

Penn Mutual helps people become stronger.  Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day.  Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses.  Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.

 


Job Location

Remote

Position Type

Full-Time/Regular

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