Insurance Regulatory Counsel

The role of Insurance Regulatory Counsel is a full-time attorney position within First Acceptance’s Legal and Compliance Team. It provides legal and business advice to First Acceptance, focusing on property and casualty insurance operations and regulatory issues, particularly in auto insurance. This role is responsible for ensuring the company maintains ongoing compliance with laws and regulations governing insurance and public insurance companies in all jurisdictions in which First Acceptance does business. Insurance Regulatory Counsel will provide day-to-day support for various First Acceptance teams, including conducting research and facilitating discussions with product, underwriting, business development and other operational teams, and consistently providing business-oriented solutions and risk mitigation guidance.

The successful candidate will be a highly motivated individual with excellent legal research skills who is passionate about corporate compliance and meeting the highest regulatory standards. This role requires an in-depth knowledge of insurance regulations and a proven track record of success with regulatory compliance. The ideal candidate will have experience in the auto insurance industry and understand its complex legal landscape.

RESPONSIBILITIES

• Possess a deep understanding of the insurance industry, including the applicable state and federal laws and regulations related to property and casualty insurance
• Conduct legal research of laws and regulations related to auto insurance, property and casualty insurance, privacy, data security, and any other issues relevant to public insurance companies
• Monitor and stay current with industry trends and developments
• Draft, review, update and manage insurance policies and other documents related to property and casualty insurance in all business states
• Provide legal advice and counsel to leadership and internal stakeholders on property and casualty insurance matters
• Represent the company in meetings and hearings with external stakeholders
• Comfortable managing multiple projects simultaneously and prioritizing tasks effectively
• Accurately assess and manage risk through knowledge of First Acceptance’s business and relevant legal issues, including reconciling the implication of past precedent with current and future needs
• Develop a thorough understanding of First Acceptance’s business and processes to ensure ongoing compliance with all relevant laws and regulations
• Maintain strong relationships with regulatory bodies
• Establish strong collaborative relationships with other departments to understand and consider their needs while ensuring regulatory compliance

JOB REQUIREMENTS

• Juris Doctor from an accredited law school and bar license in good standing. Licensed or willing to become licensed in Tennessee.
• At least 3-5 years of relevant legal and insurance experience
• Previous property and casualty insurance regulatory compliance experience
• In-house insurance department or department of insurance experience highly valued
• Experience handling regulatory filings and audits, market conduct review and industry data inquiries, claims, and underwriting policies and best practices.
• Insurance policy contract and forms drafting and management experience highly valued
• Strong understanding of regulatory requirements and compliance standards in the insurance industry
• Must possess strong judgment, confidence, collaborative problem-solving skills, and the ability to spot potential issues quickly
• Must be able to independently handle a variety of legal assignments under supervision of more experienced legal counsel
• Excellent oral and written communication skills
• Excellent customer service and interpersonal skills
• Advanced critical thinking and problem-solving skills
• Ability to set priorities and multitask in a fast-paced environment
• Working knowledge of MS Office Suite
• Experience with Agile project management practices
• Ability to travel if required

PHYSICAL DEMANDS:

The physical demands described here are representative of those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.

While performing the duties of this job, the employee is regularly required to do manual tasks, which may include the use of hands to finger and handle controls. Tasks may also require the ability to talk or hear. The employee will frequently sit, bend, and reach with hands and arms and is occasionally required to stand and walk. The employee may occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. Other abilities include possessing the capacity to learn, concentrate, think, and read. Oftentimes, the employee will be communicating and interacting with others while working.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and perform any other job-related duties requested by anyone authorized to give instructions or assignments.

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Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.