Paralegal III - Peoria, IL

CaterpillarPeoria, IllinoisFull TimeOn Site


Career Area:

Legal

Job Description:

Your Work Shapes the World

Whether it be groundbreaking products, best in class solutions or creating a lifelong career, you can do the work that matters at Caterpillar. With a 95-year legacy of quality and innovation and 150 locations in countries around the world, your impact spans the globe.

When you join Caterpillar, you are joining a team of makers, innovators and doers. We are the people who roll up our sleeves and do the work to build a better world. We don’t just talk about progress and innovation. We make it happen. And we are proud of that because it helps our customers build and power the world we live in – the roads, hospitals, homes and infrastructure. Without a dedicated workforce Caterpillar could not effectively meet our customer’s needs. Join us.

Job Purpose:

Provide paralegal support in Caterpillar’s Law, Security, & Public Policy Division, with a primary focus supporting Caterpillar Financial Insurance Services and other Caterpillar insurance businesses. The paralegal will work under the direction of attorneys and, in some cases, act as a liaison between the attorneys and various business units.

Description:

  • Carries out legal tasks requiring initiative and independent judgment pursuant to requests by applicable client and/or attorney for whom the task is being performed.
  • Serves as a primary contact for assigned work supporting insurance businesses in the Financial Products Division, including all Property & Casualty and Life insurance entities.
  • Serves as lead coordinator for corporate governance practice for 6 insurance entities and 7 business committees, utilizing insurance knowledge and expertise to assist with corporate secretary and governance resolutions and recordkeeping duties and interface with corporate governance experts throughout the enterprise. Drafts and coordinates review of board and committee minutes, agendas and insurance-specific policies (e.g., compliance policies, cyber plans, risk plans, investment policies, fraud plans, etc.). Maintains governance playbook to support insurance operations.
  • Provides regulatory management services, including drafting insurance statutory reports and filings, examination management, and regulatory correspondence. Lead coordinator for key statutory reports, including Corporate Governance Annual Disclosure (CGAD) and Own Risk and Solvency Assessment (ORSA) Summary Report. May serve as liaison with Depts. of Insurance, including domicile regulator in Missouri.
  • Develops, supports, or participates in compliance processes, including processes to ensure compliance with various state Department of Insurance regulations and local filing requirements.
  • Responsible for insurance legal records management, including the organization and maintenance of legal work product, advice, opinions, correspondence and other documents or records.
  • Conducts legal research to resolve transaction, corporate governance, or compliance related issues, including monitoring, analyzing, and communicating regulatory changes. Includes the analysis of statutes, regulations, cases and other sources for answers to multi-issue questions posed by an attorney and provides the results of the analysis either orally or by written communication. Research will likely include insurance-specific requirements in 50 U.S. states and internationally, including financial risk management, corporate reporting, loss reserving, actuarial requirements, insurance policies, insurance sales and claims practices, insurance forms, ratemaking, underwriting requirements, consumer notifications, statutory accounting, insurance investment requirements, board notifications and appointments.
  • Collaborates with a team of paralegals to ensure support for other Caterpillar businesses, as needed.
  • If supporting a transaction practice, prepares legal documents for U.S. and non-U.S. financing and insurance as well as commercial transactions with oversight by attorneys.
  • Gathers information and performs analysis for document preparation, which can involve complex issues.
  • Administers and leads departmental projects, which may be required from time to time. Also participates in accomplishment of continuous improvement objectives. Participates in the identification of problem areas and development of resolutions to address them.
  • Understands the anti-harassment policy of the company and is responsible for its application in all aspects of employment.

Basic Requirements:

  • A 4-year college or university degree, including an ABA Certified Legal Assistant School Paralegal Certificate is recommended but not required. Equivalent experience may be substituted for education.
  • A minimum of 4 years of experience in an insurance compliance or related role preferred.

Top Candidate Will Also Have:

  • Advanced knowledge of insurance industry, insurance companies and their regulatory requirements.
  • Advanced knowledge of corporate governance and procedures involving insurance business units.
  • Advanced ability to research legal issues supporting the business of insurance.
  • Demonstrated negotiation skills.
  • Advanced ability to draft letter, contracts, and other legal documents.
  • Demonstrated knowledge of and ability to apply problem-solving and decision-making skills.
  • Demonstrated knowledge of insurance laws and regulations governing Caterpillar’s insurance operations.
  • Demonstrated knowledge of basic contract law.
  • Demonstrated ability to work independently, as well as part of a team.
  • Demonstrated ability to locate and analyze facts to determine relevance.

Additional Details:

  • Location: Peoria, IL

Employee benefit details:

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world.

Here you earn more than just a salary, because we value your performance. We offer a total rewards package that provides day one benefits [medical, dental, vision, RX, and 401(k)] along with the potential of an annual bonus.

Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Final details:

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application – please use the candidate log-in on our career website as it will reflect any updates to your status.

This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.Caterpillar.com/Careers

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EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

Not ready to apply? Submit your information to our Talent Network here .

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