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Corporate Counsel/Senior Counsel

$190,000- $215,000/ year
Posted Jun 01
Full Time
RemoteMinneapolis, Minnesota

Allianz Reinsurance America, Inc "AZRA" is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer, which writes both prospective and legacy reinsurance. AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities.

AZRA has approximately 150 employees located nationwide with the majority working on a remote basis.

What you do:

  • Supports reinsurance-underwriting team; provides quality legal services on a timely and cost-efficient basis.
  • Provides counsel on reinsurance law and transactions, insurance law and regulations, underwriting rules, corporate policies and procedures and best practices.
  • Advises on strategies for managing and mitigating risk and structuring potential transactions within applicable regulatory framework.
  • Manages legal contracting process and interfaces with brokers and other counterparts; reviews, revises, drafts and negotiates reinsurance contracts and related transaction documents, including term sheets, indications of interest, service agreements, trust agreements, reinsurance LOCs, applications for regulatory approvals.
  • Collaborates and works closely with relevant internal stakeholders, including General Counsel, attorneys, paralegals, arbitration counsel, underwriters, claims department, finance/accounting, senior management, contracts manager and business/vendor relationship owners across various departments, in connection with contract negotiations, interpretation and related strategy.
  • Assesses potential transactions to ensure scope of reinsurance falls within AZRA’s authority/licensure in applicable geographic region/state, ensures transactions are regulatory compliant.
  • Advises on governance documentation for the Underwriting Function; cultivates detailed knowledge of underwriting governance process, AZRA, AZRe and Group requirements and assists in drafting, updating and complying with corporate rules and charters.
  • Supervises review and/or reviews nondisclosure agreements for potential transactions.
  • Coordinates with Corporate Secretary, accurately assesses and advises on requirements for corporate authorization of reinsurance transactions; drafts required resolutions, board and committee meeting materials as needed.

What you bring:

  • 8-15 years of experience at a major law firm or in house legal department specializing in one or more of: corporate and financial transactions, corporate governance, insurance regulation and reinsurance; reinsurance law/regulatory experience with emphasis on reinsurance transactions/contracting is required
  • Strong work ethic and ability to work collaboratively deliver high quality legal work and perform effectively in a fast-paced environment as part of a small team
  • California State Bar License in good standing required; Juris Doctor Law Degree from ABA accredited law school
  • 2-3 years of experience managing paralegals, attorneys or external lawyers

Base Salary Range $190,000 - $215,000

Actual base salary may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. In addition to base salary, this position is eligible for an annual incentive program. 

47066 | Legal & Compliance | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent

What we offer:

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us.  We care for tomorrow.