Senior Counsel - Specialty Finance / Financial Risk Solutions

Nationwide Mutual Insurance Company; United States; Remote; USD 120,000 - 180,000; Full time

Job summary

Join a forward-thinking company as a Senior Counsel in Specialty Finance, where you'll provide high-level legal services supporting innovative business solutions. This fully remote role involves advising on complex legal matters related to financial insurance and risk transfer. You will engage with senior leadership, develop risk mitigation strategies, and lead legal teams while ensuring compliance with applicable laws. This is an exciting opportunity to influence decision-making and contribute to the success of a Fortune 100 company, all while working in a collaborative and inclusive environment.

Benefits

Comprehensive health benefits

401(k) and pension plans

Paid time off

Holidays

Life and disability insurance

Qualifications

• 15+ years of legal experience with a focus on insurance and finance.
• Licensed and in good standing in relevant jurisdictions.

Responsibilities

• Advise on legal and regulatory issues for financial insurance products.
• Draft and negotiate various legal documents related to insurance.

Skills

Legal Expertise in Financial Insurance Regulation

Strong Communication Skills

Analytical Skills

Leadership Skills

Education

Juris Doctor from an ABA-accredited law school

Job description

Senior Counsel - Specialty Finance / Financial Risk Solutions

Apply now for the position based in the United States - Remote, full-time. Posted 5 days ago, Job Requisition ID: 89964.

Join Nationwide's Legal team if you are passionate about supporting a Fortune 100 company with innovative business solutions. We prioritize our customers and strive to deliver exceptional care.

Position Overview:

The Senior Counsel role is fully remote and reports to the Chief Legal Officer (OCLO). The role involves supporting insurance regulatory matters and transactions related to financial insurance and risk transfer solutions within Nationwide’s Specialty Finance department. Candidates should have extensive experience with financial insurance regulation (e.g., credit, surety, financial guaranty, residual value) and supporting complex transactions, including cross-border insurance and reinsurance. Experience with securitization and structured financing is a plus but not mandatory.

Responsibilities:

1. Advise on legal and regulatory issues concerning financial lines insurance products and transactions.
2. Draft and negotiate insurance policies, collateral agreements, term sheets, NDAs, reinsurance agreements, and ancillary documents.
3. Ensure compliance with applicable insurance laws and regulations.
4. Manage cross-border insurance and reinsurance transactions.
5. Collaborate with internal teams and external counsel across various jurisdictions.
6. Stay updated on legal and regulatory changes affecting insurance and advise accordingly.
7. Assist with claims, dispute resolution, and negotiations as needed.

Additional Details:

Internal use only: Band 8. #LI-CP1, #LI-Remote.

Summary:

Provide high-level legal services supporting Nationwide’s goals. Independently handle complex legal matters, assess risks, and advise senior leadership. Develop risk mitigation strategies and create legal solutions for unique and complex issues.

Key Responsibilities:

1. Deliver expert legal advice on significant, high-risk issues.
2. Identify legal risks and recommend mitigation strategies.
3. Engage with senior leaders and influence decision-making.
4. Develop creative solutions for complex legal problems.
5. Lead strategic and sensitive legal matters.
6. Monitor legal developments and advise on strategic implications.
7. Maintain relationships with internal and external legal contacts.
8. Lead and mentor legal teams as appropriate.
9. Manage outside counsel budgets and resources.
10. Hire and develop legal talent, providing coaching and feedback.

Other responsibilities may be assigned as needed.

Reporting: Reports to Vice President/Managing Counsel; may lead a team.

Qualifications:

• Juris Doctor from an ABA-accredited law school.
• Licensed and in good standing in relevant jurisdictions.
• 15+ years of relevant legal experience; management experience preferred.
• Expertise in areas of law relevant to insurance and finance.
• Strong communication, analytical, and leadership skills.

Additional criteria include leadership qualities, competencies, and experience. Staffing exceptions require approval.

Values: Demonstrates Nationwide Values consistently.

Work Conditions:

• Normal office environment; some travel required.
• Exempt (not eligible for overtime).
• Background and credit checks required.

Application Deadline: Applications accepted until 05/22/2025, but early submissions encouraged.

Benefits: Comprehensive benefits package including health, life, disability, paid time off, holidays, 401(k), pension, and more. Details available on our website.

Nationwide is an equal opportunity employer committed to diversity and inclusion. We prohibit discrimination and harassment in all forms.