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Assistant General Counsel - US Insurance Law - Life Insurance & Stable Value

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Date Posted: Sep 27, 2022

Location(s): New York, NY, US, 10166 Bridgewater, NJ, US, 8807

Company: MetLife

Position: Assistant General Counsel – US Insurance Law – Life Insurance & Stable Value

 

Job Location: New York, NY     Alternate Job Location: Bridgewater, NJ      

 

Role Value Proposition: 

This attorney will primarily provide legal advice to certain of MetLife’s U.S. retirement and income businesses (primarily corporate and bank owned life insurance, post-retirement benefits and stable value). The attorney will focus on legal questions and issues related to regulation of group and institutional insurance and advise on legal issues relating to product development and design, marketing, sales, and administration. 

 

Key Responsibilities:

  • Provide practical legal risk mitigation strategies in connection with the issuance and administration of corporate and bank owned life insurance products, post-retirement benefit products and stable value across multiple jurisdictions in the U.S.
  • Draft or review a variety of documents, including regulatory filings (state and federal filings), policyholder notices, requests for proposals, non-disclosure agreements, customer communications and marketing materials.
  • Draft or review separate account plans of operations, investment management agreements, private placement memoranda and offering documents
  • Draft and negotiate customer, third-party administrator, and vendor agreements.
  • Conduct or coordinate legal research regarding U.S. corporate and bank owned life insurance products, post-retirement benefits and stable value.
  • Understand insurance agency licensing requirements and have basic knowledge of FINRA licensing requirements.
  • Have fundamental understanding of the Securities Act of 1933, the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
  • Assess and communicate legal and regulatory risks associated with U.S. insurance and counsel the business on ways to effectively mitigate such risks.
  • Coordinate with the business, government relations, communications, and other cross-functional teams on multi-disciplinary issues.

 

Essential Business Experience and Technical Skills:

Required:

  • Law degree (J.D. or equivalent) and bar admission required with a strong record of in-house success
  • 8+ years of relevant experience either with a law firm, insurance company or other financial services institution.
  • Ability to handle complex legal matters with minimal oversight while escalating significant issues in a timely fashion
  • Sound judgement, a high degree of professionalism, and an ability to prioritize and adhere to deadlines
  • Communicates clearly, concisely, and persuasively with a variety of internal stakeholders (corporate business partners, team members, functional colleagues, etc.), works collaboratively and builds effective partnerships.

 

Preferred:

  • Prior experience advising financial services companies.
  • Previous experience working with investment products and federal regulatory filings.

 

MetLife Success Principles

  • Experiment with Confidence – Courageously learn and test new ideas without fear of failure
  • Act with Urgency – Demonstrate speed to action with agility and determination
  • Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
  • Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
  • Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
  • Create Alignment – Partner with others across the organization with candor and transparency
  • Take Responsibility – Be accountable and act in pursuit of the right outcomes
  • Enable Solutions – Anticipate and address obstacles while managing risk
  • Deliver What Matters – Execute meaningful priorities and follow through on commitments

 

 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $669 billion of total assets under management as of December 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”      

           

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

MetLife maintains a drug-free workplace.

 

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.


Nearest Major Market: New York City