Senior Counsel - Specialty Finance / Financial Risk Solutions

Nationwide Insurance; United States; Remote; USD 90,000 - 160,000; Full time

Job summary

Join a dynamic legal team at a Fortune 100 company, where you will provide top-notch legal services in financial insurance regulation. This fully remote role as Senior Counsel will allow you to engage in complex transactions and regulatory matters, supporting the Specialty Finance department. You will be a key player in advising on compliance, managing cross-border transactions, and collaborating with various stakeholders. If you are a seasoned legal professional with a passion for delivering exceptional service and navigating intricate legal challenges, this opportunity is perfect for you. Embrace the chance to make a significant impact in a supportive and inclusive environment.

Benefits

Medical/Dental/Vision Insurance

Life Insurance

Short and Long Term Disability Coverage

Paid Time Off

401(k) with Company Match

Company-Paid Pension Plan

Business Casual Attire

Qualifications

• 15+ years of legal experience with a focus on financial insurance regulation.
• Strong analytical skills and ability to interpret complex legal documents.

Responsibilities

• Advise on legal issues related to financial lines insurance products.
• Draft and negotiate insurance policies and related agreements.

Skills

Verbal Communication

Written Communication

Analytical Skills

Decision-Making

Project Management

Education

Juris Doctorate

Job description

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.

The Senior Counsel can be a fully remote position that will be a critical member within Nationwide’s Office the Chief Legal Officer (OCLO) and will support various insurance regulatory matters and transactions involving financial insurance and risk transfer solutions for Nationwide’s Specialty Finance department. The successful candidate will have deep experience with financial insurance regulation (e.g., credit, surety, financial guaranty, residual value) and supporting complex transactions, including cross-border insurance and reinsurance transactions. Experience with securitization transactions and other types of lending and structured financing transactions is ideal, but not required.

Responsibilities:

• Advise on legal and regulatory issues related to financial lines insurance products and related transactions.
• Provide counsel on insurance transactions, including drafting and negotiating insurance policies, collateral agreements, term sheets, NDAs, reinsurance agreements, and other ancillary agreements.
• Advise on compliance with relevant insurance laws, regulations, and standards.
• Manage and oversee cross-border insurance and reinsurance transactions.
• Collaborate with internal stakeholders and external partners to support business objectives, including engagement of U.S., Bermudian, Cayman and European counsel, as necessary.
• Stay up to date on changes in insurance laws and regulations and advise the company accordingly.
• Assistance with claims handling matters and preparation for dispute resolution proceedings and negotiations, as needed.

Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support the goals and objectives of a Fortune 100 insurance and financial services company? If you possess the legal education, skills and expertise needed to provide outstanding service, advice, and counsel, we want to hear from you!

Key Responsibilities:

• Provides the highest level of subject matter expertise for legal specialties on significant, high-risk, or highly complex legal matters. Regularly attends business partner meetings to better understand business processes and needs.
• Identifies and logically assesses potential legal risks. Creates risk management/mitigation recommendations using sound risk assessment information to further achievement of business objectives. Drafts necessary legal documents and develops conclusions and recommendations.
• Regularly interacts with senior leaders in Office of the Chief Legal Officer (OCLO) or the company on legal matters within area(s) of legal expertise. Has input into or influence on company decision-making.
• Creates practical and effective solutions to the most complex legal issues with no established precedent; develops creative solutions to unique legal problems; has significant interaction with persons outside of the company.
• Takes the lead role in matters that are highly complex, strategic, or sensitive in nature. Understands the business partner's position and needs.
• Keeps senior leaders and appropriate management of company informed of case law and new legislation, as appropriate. Considers the long-term business and strategic consequences of possible outcomes. Delivers difficult messages or news, and challenges business partners when necessary; responds to challenges to advice and counsel directly and effectively.
• Brings a broad network of established relationships, both internal and external, to the organization, particularly in recognized areas of subject matter expertise.
• Works independently and may lead teams to resolve highly complex legal and organizational issues.
• Makes recommendations about and ensures compliance with approved outside counsel budget.
• Hires and develops talent, provides consistent coaching and feedback.

Reporting Relationships: Reports to Vice President/Associate Vice President/Managing Counsel; may lead a team of Legal professionals.

Typical Skills and Experiences:

Education: Juris Doctorate from an American Bar Association-accredited law school.

License/Certification/Designation: Associates reporting within Nationwide’s OCLO who are functioning in attorney roles must be fully licensed in accordance with OCLO policy, in good standing and in compliance with all continuing legal education requirements at all times in the state(s) in which they practice.

Experience: Typically has 15 or more years of relevant legal experience. May have management experience. Has significant experience with or knowledge of one or more areas of law, complex legal practices and procedures, project management concept and techniques. Considered a subject matter authority within his or her areas of legal expertise. Sound business acuity and knowledge of the business goals and objectives as they relate to the matter at hand.

Knowledge, Abilities and Skills: Strong verbal and written communication skills for contacts interacting with all levels within OCLO and with business partners. Analytical ability to interpret statutes, regulations, insurance policies and other contracts. Decision-making ability to set work priorities and make recommendations. Ability to lead cross-functional projects. Ability to lead, initiate, organize and coordinate highly complex projects and/or cases. Takes the lead role in negotiations that are complex, strategic, or sensitive in nature. Supervisory skills useful. Significant professional and/or civic involvement.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Some travel may be required.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit/Background Check: Due to the fiduciary accountabilities of this job, a valid credit and/or background check will be required as part of the selection process.

Benefits: We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.