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Beacon Hill Legal's client, a national insurance company, is seeking a Legal Analyst for a three-month contract coverage. The role is hybrid with the firm looking for someone comfortable commuting to the office four times a week.

The candidate in this role will be responsible for drafting contracts for new retail annuity products, analyzing insurance law statutes, drafting product contracts of the firm's Insurance businesses are written in accordance with applicable laws and regulations. Pay rate is dependent on experience and starts at $50/hr

Responsibilities

• Draft contract provisions for new products, with a primary focus on retail annuity products, through collecting and coordinating business requirements from the internal product implementation, actuarial, legal, compliance, operations, and sales teams.
• Analyze legal standards of state insurance laws and/or Interstate Insurance Product Regulation Commission standards in relation to new product development initiatives including impacts to policy and contract form language.
• Correspond and negotiate with state regulators on objections to product submissions and prepare responses.
• Oversee and prepare new product submissions in SERFF and proactively seek ways to streamline the submission process to decrease time between submission and approval.
• Review, file, and gain approval, where required, of consumer advertising and enterprise branding initiatives.
• Maintain record of regulated forms history; coordinate with business areas to ensure proper forms are available and used.
• Support internal operations and third-party administrators to ensure products continue to function in accordance with policy/contract language for all in-force policies.

Qualifications

• 7+ years of experience in the annuity and/or life insurance industry in a legal, compliance or product development related capacity
• Strong knowledge of insurance products and sales practices, and the ability to comprehend regulatory changes. Knowledge and experience in annuity, 401K annuity, pension risk transfer, and/or funding agreement experience preferred.
• Familiarity with key aspects of insurance administration.
• PC skills, including experience with Microsoft Office, Adobe Professional and other applicable software.
• A working knowledge of regulatory requirements as they pertain to life insurance and annuities and experience with SERFF.

Interested candidates must apply with a Word version of their resume for consideration. All relevant experience should be listed on resume submissions

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