Counsel - Annuity and Life Insurance Operations

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.

This position is responsible for providing legal support for the Annuity and Life operations area related to the administration of commission and non-commission annuity products including, variable annuities, fixed indexed annuities, fixed annuities, deferred income annuities, immediate annuities, contingent deferred annuities, market value adjustment features, structured settlements, and Medicaid annuities.

 

This position is an individual contributor role with duties focused on:

• Day-to-day legal support of Annuity and Life Operations and Call Center business clients specific to state insurance and federal tax requirements governing annuity and life insurance products.
• Providing risk assessments related to operational matters by assessing legal risk, identifying legal requirements and providing options and recommendations to business clients.
• Advising business clients on market conduct exam matters, complaints, pre-litigation matters, demands, Department of Insurance inquiries including drafting and negotiating settlement agreements.
• Reviewing customer correspondence including forms and letters by applying state law requirements and annuity product knowledge to content.
• Providing legal opinions on annuity and life insurance product and transaction legal requirements related to the function of annuity product features and risks associated with the interplay of various non-insurance topics such as trusts, divorce revocation, Medicaid, conservatorship, adverse claims, fraud, POAs, minor beneficiaries, small estates, tax reporting and sales practice requirements including suitability requirements.

 

This can be a hybrid or fully remote opportunity depending on location

(Internal use only: H4 pay band)

 

Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support business objectives of a Fortune 100 insurance and financial services company? If you have legal talent and great interpersonal and communication skills, we want to know more about you!

We provide legal expertise that reflects our commitment to innovative thinking, effective collaboration and a proactive approach to our work. As Counsel, you'll provide expert advice and build strong relationships with fellow team members and business leaders across many levels. We'll count on you to recommend risk management strategies by actively identifying and assessing risks in unique and complex situations that have potential for significant impact to the company.

Job Description

Key Responsibilities: 

• Provides advice and expertise on a broad range of legal matters with minimal direction within a specific area of responsibility. Attends business partner meetings to better understand business processes and needs. 

• Identifies and assesses risks in unique or complex business situations. Creates risk management/mitigation recommendations demonstrating sound risk assessment and legal skills.

• Addresses situations of high exposure or risk; understands business risk tolerance and considers it in the context of risk management strategies and actions. Has input into or influence on company decision-making. 

• Builds creative, practical and effective solutions to issues with no established precedent. May interact with persons outside of the company on behalf of the organization. 

• Leads matters that are compl