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Assistant Vice President - Associate General Counsel

Job Level:  Professional

Chicago, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Legal & Compliance
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  2990

Job Purpose:

Assists Vice President/Associate General Counsel regarding legal matters within the organization. Ensures that all practices, policies, and business activities of the organization fall within the bounds of the organization's legal posture.  Provides advice and counsel to staff concerning the laws that impact their functional areas.  Oversees the preparation of legal documents.  Works under guidance and direction of General Counsel and Assistant Vice President/Associate General Counsel in providing legal assistance to the various business units.  Expert for LegalX and Legal tracker reporting and data pulls.   Responsibility also includes participating in internal investigations for code of conduct, whistleblower and ethics violations.


Job Responsibilities:

  • Handle a full range of legal matters in connection with the development, issuance, administration and distribution of the Company's insurance products.
  • Exercise sound legal and business decision making through assessment of risk and an evaluation and explanation of alternatives and their implications.
  • Provide counsel to various business units regarding legal issues that arise during insurance operations.
  • Support Underwriting and Underwriting Governance with primary focus on Marine and Aviation underwriting (drafting/review of forms, new product development), Market Management and Communications (broker agreements, broker relations, customer communications), Finance (assessments collection, premium recovery, escheat), Operations (policy transactions).
  • Significant amount of contract/policy drafting and review.
  • Support a variety of regulatory compliance matters including companies' state licensing, foreign reinsurer registrations, underwriting market conduct examinations, responding to government inquiries (data calls, complaints, etc.), coordinating form/rate filings for new products, and producer licensing. 
  • Administration of corporate compliance policies and processes including code of conduct, company's anti-corruption policy, and OFAC screenings.
  • Monitor new laws, evaluating impact and alerting internal business clients, including federal laws (e.g., TRIA, OFAC, optional federal charter bills and state laws) as well as SFP exceptions for terrorism, commercial deregulated states, catastrophe funds, and restrictions on cancellation/nonrenewal).
  • Act as sounding board for assigned internal business leaders regarding legal issues relating to implementation of strategy, new processes and products.
  • Provide legal advice on complex AGCS projects, including restructuring activities and regional expansion.


Job Requirements:

  • 10+ years of practice in law firms or blue-chip companies;
  • Demonstrated expert experience with insurance, corporate law or litigation across multiple jurisdictions;
  • Proven track record of negotiation of complex legal agreements;
  • Experience with various business scenarios (e.g., restructuring, integration, growth);
  • Knowledge of a breadth of substantive legal disciplines, including insurance, corporate and contract law, accounting standards, and litigation processes;
  • Legal knowledge across multiple countries and jurisdictions in which AGCS operates;
  • Understanding of regulatory an compliance environment including relevant policies, laws and regulations across multiple jurisdictions;
  • Drafting and negotiating of contracts and strategic management of contractual disputes;
  • Ability to analyze complex data, from multiple sources, in detail;
  • Identify and resolve issues before they transpire;
  • Negotiate best position for AGCS, and client, often in contentious situations, managing conflicting priorities of various parties;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Strong understanding of financials and macroeconomic trends; and
  • Juris Doctorate.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.


Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.


For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.

Nearest Major Market: Chicago