The Senior Attorney, Insurance Legal is responsible for providing legal services related to Jackson’s annuity and insurance business. This attorney is responsible for providing advice and support related to the company’s overall insurance business including, suitability, licensing, regulatory comment letters, product contracts for fixed, fixed index, registered index-linked, and variable annuities, product administration and distribution. This attorney is responsible for the legal aspects of product development, product administration, and Securities and Exchange Commission (SEC) filings under federal securities laws. This position reports directly to the Associate General Counsel (AGC) of Insurance Legal.
Essential Job Duties & Responsibilities
- Provides advice on all aspects of insurance regulatory issues, including state and federal matters.
- Provides legal services in support of the company’s product development and drafting processes, including providing legal services and strategic advice in support of the SPRINT product development process.
- Represents the legal department as participating member of the SPRINT team. This attorney coordinates with other legal and compliance units to provide services to the SPRINT team.
- Drafts comment letters on issues such as the SEC Regulation Best Interest, the Department of Labor Fiduciary Rule, and the National Association of Insurance Commissioners model regulations.
- Provides input, approval, and legal advice (either directly to the business contact or to the AGC) throughout the various stages of product development, including concept and design, development of product specifications, and drafting of specimen contracts, endorsements, and administrative forms.
- Consults with and provides legal advice to various company departments regarding federal and state securities laws, in connection with the product development and federal and state filing process.
- Manages the registration and maintenance of products with the SEC.
- Prepares and files required SEC registration statements for all variable insurance products and maintains related documentation within the Insurance Legal product development area.
- Prepares and files required SEC registration statements for all registered index-linked insurance products and maintains related documentation within the Insurance Legal product development area.
- Coordinates with internal stakeholders and the SEC staff on registration statement filings and other required regulatory filings.
- Coordinates with other company departments to acquire required information for filings and on various internal reviews of prospectus changes.
- Coordinates with Jackson National Asset Management (JNAM) on underlying fund information and handling of periodic filings (N-CEN, 24f-2) required of the separate accounts.
- Serves as point of contact for business units and various operational departments for purposes of securities laws, as they relate to our insurance and annuity products.
- Conducts legal research and analysis and provides legal advice.
- Supervises outside counsel, monitors invoicing, and manages costs related to outside counsel on insurance and regulatory matters.
- Coordinates with the Compliance department on federal securities laws and related compliance issues.
- Participates in industry conference calls that address developments in the laws governing insurance law generally, variable products, registered index-linked products, and fixed annuity products.
- Other duties and special projects as assigned.
Knowledge, Skills & Abilities
- Excellent research, oral and written communication skills.
- Solid working knowledge of the annuity industry.
- Knowledge of federal securities laws and rules applicable to variable insurance products, registered index-linked insurance products, and an understanding of the state regulatory structure and state regulatory issues.
- Ability to make decisions while operating under strict deadlines.
- Strong knowledge collaboration and interpersonal skills.
- Strong project management and negotiation skills.
- Strong critical thinking and analytical reasoning skills, with ability to provide alternate approaches and solutions.
- Strong editing and proofreading skills.
- Ability to maintain a high level of professionalism under stress.
- Results-oriented with ability to deliver within a fast-paced environment.
- Working knowledge of Microsoft Word and Excel programs.
Education & Experience
- Juris Doctorate from ABA accredited law school required.
- Member in good standing of a State Bar Association required.
- 5+ years of experience in either Investment Company Act of 1940 securities filings, or the insurance and annuity industry (or equivalent) required.