Counsel | Hybrid

Job description

What you do: 

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.

• 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.
• Utilization of artificial intelligence tools and resources (e.g. generative AI). 

What you bring:

• 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.
• You must be legally authorized to work in the U.S. and will not require immigration sponsorship for visa status now or in the future (e.g. H1-B, L-1, TN, etc). If you are currently on CPT/OPT, you are ineligible due to the need for future immigration sponsorship.  

Base Salary Range $115,000-230,000

Actual base salary may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program. 

What we offer: 

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our great benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer. 

74753 | Legal & Compliance | Professional | Non-Executive | Allianz US Life | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other characteristics protected under applicable laws and regulations. 

Join us.  Let’s care for tomorrow.