Director & Assistant General Counsel - Regulatory Engagement

The Corporate Legal – Regulatory Engagement group provides legal and regulatory advice on market conduct exams and other regulatory engagements and investigations for GEICO’s various insurance lines and its business units, including sales, underwriting, claims, product management & insurance compliance teams. Candidates are being considered for a Senior Counsel role in this group, although candidates with additional years of experience may be considered for the higher role of Director & Assistant General Counsel within the Corporate Legal – Regulatory Engagement group.

Responsibilities include:

• Oversee GEICO’s day-to-day direct engagement with state insurance department regulators during examinations and other regulatory inquiries/complaints.
• Ensure effective representation in securing/negotiating the favorable resolution of pending regulatory matters.
• Collaborate with and support internal clients on insurance regulatory examinations and other regulatory inquiries/complaints.
• Oversee preparation of research and memoranda on relevant insurance legal and regulatory issues arising during regulatory exams or other regulatory complaints/inquiries.
• Identify and assess risk exposure to the Companies during regulatory exams, investigations or other regulatory complaints/inquiries based on comprehensive understanding of relevant statutes, regulations, regulatory interpretations and desk drawer rules.
• Provide strategic legal counsel, identify regulatory trends, and educate business leaders on a wide range of insurance regulatory matters to support the business leaders in managing regulatory risk.

• Collaborate with all disciplines within the legal organization (including the government and regulatory affairs team and other specialized legal divisions), as well as corporate compliance, business operations units (sales, service, underwriting, claims), product management (business line owners), finance, and licensing, to provide informed legal/regulatory advice and risk assessments related to regulatory inquiries.
• Work closely with compliance to assess and mitigate regulatory risk.
• Limited domestic travel to engage and build relationships with insurance regulators and/or business clients to effectively represent GEICO’s interests.
• Prepare drafts of executive-level presentations, reports, and updates for key stakeholders, including C-suite leadership, which include summarizing complex topics, developing resolution options for clients and recommending solutions.
• Special projects as assigned.
   

Desired Qualifications:

• Minimum of 6-10 years of property/casualty insurance legal regulatory experience, preferably in an insurance company, law firm, or state insurance department. May consider candidates with additional years of experience for the higher role of Director & Assistant General Counsel.
• Strong research, analytical and writing skills.
• Expertise regarding state laws and regulations applicable to property/casualty insurance with auto insurance knowledge/experience strongly preferred.
• Demonstrated experience leading legal engagement with insurance department exams and inquiries/complaints from inception to resolution, including negotiation of findings and closure of matters with a positive history of regular and direct interaction with regulators.
• Strong executive communication and presentation skills.
• Experience with business counseling, including the ability to advise on complex issues to business professionals at every level of the organization.
• Ability to work independently, multi-task, prioritize projects, manage deadlines and engage effectively in cross-functional collaboration across the company.
• Enthusiasm for working in a team-oriented, dynamic environment; ability to identify matters requiring escalation to management; strong service-oriented disposition.
   

Education: Juris Doctorate from an accredited law school, licensed to practice law in at least one state.

Location: Is flexible and can be remote, however if located in the Washington, DC or New York City metro areas, would be a hybrid role with 3 days/week in our Chevy Chase, MD or NYC office.

 

Annual Salary

$179,375.00 - $280,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations