Senior Counsel

If you're passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence, then Nationwide's Legal team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Job Description: This position will be a critical member of a Reinsurance / Insurance Claims and Alternative Risk center of excellence within Nationwide’s Office the Chief Legal Officer (OCLO) and will support such matters throughout the Nationwide enterprise. This position involves providing specialized legal and regulatory expertise to support (re)insurance coverage analysis and (re)insurance claims / litigation, manuscript drafting of insurance policies, and external audit matters. This position will also provide significant support for reinsurance transactions, and alternative risk financing strategies for Property & Casualty and Financial Services. The successful candidate will have experience in various areas related to insurance, reinsurance, and risk management.

Responsibilities:

Corporate Risk Management:

• Familiarity with various property & casualty insurance products, including general liability, auto liability, property, workers’ compensation, excess & surplus lines, management specialty lines insurance – E&O, D&O, fiduciary liability, surety, credit insurance, etc. and drafting manuscript endorsements.
• Identify, assess, and mitigate legal risks across the organization and develop strategies to protect the company's interests.
• Provide legal advice on corporate governance, regulatory, compliance, and risk management for captive insurance programs.

Insurance and Reinsurance coverage, claims, and dispute resolution matters:

• Advise on coverage issues and (re)insurance recoverable strategies.
• Drive pursuit of insurance and reinsurance claims, drafting demand letters, providing strategic advice, oversight, and management of outside counsel over arbitration and litigation matters.

External Audit matters:

• Identify and evaluate material matters for disclosure working across the organization and with external counsel, issuing audit letters
• Familiarity with Model Audit Rule
• Negotiate various engagement letters with auditors

Reinsurance, Fronting Arrangements, and Alternative Risk Financing:

• Review and negotiate reinsurance and fronting agreements, including ancillary agreements, and advise on issues involving reinsurance intermediaries, program administrators, third party administrators, trusts, multinational insurance programs, etc.
• Address legal and regulatory issues, including license, registration, collateral, tax, etc.
• Advise on the establishment, regulation, and ongoing governance and administration of reinsurance entities and captive insurers.
• Advise on alternative risk financing mechanisms, including captives, structured insurance solutions, insurance -linked securities and notes, catastrophe bonds, and other innovative solutions.
• Evaluate the legal and regulatory implications of alternative risk structures.

Bermuda and Other Offshore Reinsurance Regulations and Transactions:

• Navigate international regulatory frameworks for cross-border reinsurance transactions.
• Analyze legal and compliance aspects of global reinsurance operations working with other areas of expertise, including privacy, tax, trade and economic sanctions, and other- regulatory implications.

This position can be fully remote reporting into our Columbus, Ohio corporate office.

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Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support the goals and objectives of a Fortune 100 insurance and financial services company? If you possess the legal education, skills and expertise needed to provide outstanding service, advice, and counsel, we want to hear from you!

As Senior Counsel, you'll independently provide expert advice and counsel on highly complex legal matters to senior-level leaders. We'll count on you to create valuable risk management recommendations by actively identifying and logically assessing potential legal risks in ambiguous, unique and/or the most complex business situations which have the greatest potential for significant impact to the company.

Job Description