Associate Counsel, Annuity & Life Insurance Product

Prosperity Life; New York (NY); On-site; USD 180,000 - 200,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision coverage

HSA and 401(k) company match

Paid time off

Employer-paid life and disability insurance

Job summary

Prosperity Life in Austin, TX is seeking an Associate Counsel for Annuity & Life Insurance Product. In this role, you'll provide legal guidance across product lifecycles while ensuring compliance with regulatory standards. The ideal candidate will have a law degree and a minimum of 7 years of experience in the insurance sector.

You'll work closely with cross-functional teams to mitigate legal risks and implement product strategies, making this a crucial role within the company.

Qualifications

• 7+ years of experience in law with a focus on annuities and life insurance.
• Experience with Distribution, Actuarial, Product Filing, and Operations.
• Proven ability to influence cross-functional stakeholders.

Responsibilities

• Provide legal guidance on annuity and life insurance product development.
• Ensure compliance with insurance regulations and mitigate risks.
• Advise on legal matters for in-force insurance blocks.

Skills

Insurance Product & Regulatory Expertise

Legal Risk Assessment & Mitigation

Product & Distribution Advisory

Executive Communication & Influence

Cross-Functional Collaboration

Strategic Execution & Judgment

Education

Law degree (J.D. or equivalent)

Job description

We’re a fast-growing, privately held insurance company on a path to become a leading U.S. retail platform. We believe every client and customer relationship holds the potential to grow into something greater—and the same is true for our people. As we grow, we’re redefining how great talent connects with meaningful work—enabling our ambitious strategy while building a culture of high performance, creativity, and partnership. If you’re curious about how legal strategy shapes product development and distribution in the life insurance industry, then this role offers the opportunity to advise on high‑impact initiatives while guiding business through complex regulatory and risk considerations.

About The Role

We’re looking for an Associate Counsel, Annuity & Life Insurance Product to provide legal leadership across the full lifecycle of annuity and life insurance products. The primary role of this individual will be to represent the Legal & Compliance department as a partner to the Product Development & Implementation Team, advising on product design, regulatory compliance, and distribution strategy.

You’ll play a critical role in supporting new product launches and ongoing management of in‑force business, while identifying and mitigating legal risk in complex, high‑impact situations. This position requires a strategic, business‑oriented attorney with deep insurance expertise and the ability to influence cross‑functional stakeholders.

What You’ll Do

Product Development & Legal Advisory

• Provide legal guidance on the design and development of annuity and life insurance products
• Review policy forms, administrative materials, product illustrations, and operational guidelines
• Act as a core member of the Product Development & Implementation Team, ensuring legal alignment through product launches

Regulatory Compliance & Risk Management

• Ensure products, marketing, and operations comply with insurance regulations (e.g., suitability, replacements, sales practices)
• Identify legal risks across complex and ambiguous scenarios and develop practical mitigation strategies
• Draft legal memoranda, documentation, and recommendations to support risk‑informed decision‑making
• Partner with Distribution to support expansion across independent, bank, and broker‑dealer channels
• Draft and negotiate selling agreements and related distribution contracts
• Provide ongoing legal support for channel‑specific regulatory and operational considerations

Inforce Product & Ongoing Legal Support

• Advise on legal and compliance matters related to in‑force annuity and life insurance blocks
• Support resolution of product‑related legal issues as they arise across the business

Cross‑Functional Partnership & Governance

• Collaborate closely with Product, Actuarial, Compliance, and Operations teams to align legal guidance with business objectives
• Partner with the Deputy General Counsel, General Counsel, and broader Legal & Compliance team on key initiatives and regulatory responses
• Participate in business meetings to proactively identify legal considerations and support execution timelines

What You Bring

• Law degree (J.D. or equivalent) and bar admission required, with practice and knowledge annuities and life insurance products.
• 7+ years of relevant experience either with a law firm, insurance company, or other financial services institution.
• 5+ years of progressive experience in annuities and life insurance products.
• Experience working closely with Distribution, Actuarial, Product Filing and Operational functions.
• A strategic end to end view in organizing and planning work or initiatives and ability to deliver exceptional results and outcomes that involve managing or influencing others.
• A mastery of both written and oral communications with the goal to provide concise, clear messaging to persuade the audience, especially at the executive level.

Core Competencies

• Insurance Product & Regulatory Expertise: Deep knowledge of annuity and life insurance products and associated regulatory requirements
• Legal Risk Assessment & Mitigation: Ability to identify, assess, and manage legal risks in complex, high‑impact business scenarios
• Product & Distribution Advisory: Expertise supporting product development and multi‑channel distribution strategies, including contract negotiation
• Executive Communication & Influence: Communicates complex legal concepts clearly and provides persuasive, actionable guidance to senior stakeholders
• Cross‑Functional Collaboration: Strong partner across Product, Distribution, Actuarial, and Compliance teams to align legal and business objectives
• Strategic Execution & Judgment: Brings a proactive, solutions‑oriented mindset with the ability to manage multiple priorities and deliver results

What We Offer

• A collaborative, inclusive environment that values authenticity, accountability, and partnership
• The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what’s next
• A variable compensation package with a base range of $180K-$200K
• A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer‑paid life and disability insurance
• This role is based in either our Austin, TX or New York, NY offices. The company may consider remote or hybrid work in certain situations

At Prosperity, we are committed to equal employment opportunity and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.

We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.