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Senior Counsel | Remote

Job Level:  Professional
Location: 

Minneapolis, MN, US, 55416

Available until:  01/01/9999
Area of Expertise:  Legal & Compliance
Unit:  Allianz Reinsurance
Employing Entity:  Allianz Reinsurance America Inc
Job Type:  Full-Time
Remote Job:  Remote working
Employment Type:  Permanent
ID:  20797

Allianz Reinsurance America, Inc. (“AZRA”) is a small, specialty reinsurer with primary offices in California. AZRA is a licensed and regulated reinsurance company that writes both legacy and prospective reinsurance for affiliates and third parties. AZRA also provides third party claims administration and run-off management services for U.S. legacy insurance liabilities. AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated "AA-" by Standard & Poor's. As of December 31, 2021 AZRA had total admitted assets of $2.4 billion and policyholders' surplus of $295 million.

 

The Allianz Group. AZRA is a member of the Allianz SE Group of companies. The Allianz Group is a global financial services provider whose core businesses are insurance, reinsurance and asset management products and services. In 2021, with over 155,000 employees worldwide, the Allianz Group achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros. 126 million private and corporate customers in more than 70 countries rely on the Allianz Group's knowledge, global presence, financial strength and solidity. Allianz SE, the parent company, is headquartered in Munich, Germany, and is rated "AA" by Standard & Poor's and "A+" by A.M . Best.

 

What you do:

AZRA is seeking an experienced transactional attorney licensed to practice in the State of California, with 8-15 years of law practice experience, including experience at a large national or international law firm, to handle corporate transactions and governance, insurance regulatory matters and reinsurance transactions, with strong skills and experience with complex financial transactions. The Senior Counsel would join the AZRA Legal Department reporting to the General Counsel and Corporate Secretary. The Senior Counsel would also support Allianz of America, Inc. (“AZOA”) the North American holding company for the Allianz Group, and certain other affiliates. The position will be assigned to the Company's headquarters in Northern California, but is offered as a remote position.  Preference will be given to candidates admitted to the California bar.

 

What you bring:

  • 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
  • Experienced transactional, corporate and insurance regulatory legal support and advice to Finance, Operations and Underwriting units and executive management on legal matters for AZRA, AZOA and affiliates.
  • Reviews and prepares legal documents on matters and transactions related to AZRA reinsurance and third party administrator business and corporate governance
  • Handles various corporate governance matters in compliance with state corporation and insurance laws and regulations, including drafting board and committee resolutions, meeting minutes and charters and providing legal advice and supervision on the formation, establishment and/or utilization of legal entities
  • Supports international affiliates on U.S. transactions and advice and handles international reinsurance transactions and agreements
  • Drafts and negotiates financial agreements, reinsurance treaties, service agreements and applications for regulatory approvals and supports reinsurance underwriting team
  • Works closely with relevant internal stakeholders, including contracts manager/sourcing, information security/information technology and business/vendor relationship owners across various departments, in connection with contract negotiations, interpretation and related strategy
  • Drafts and reviews regulatory filings to ensure compliance with insurance law, and researches legal matters affecting AZRA, AZOA and Allianz Reinsurance Management Services, Inc.
  • Monitors, reviews and provides analyses of new federal and state legislation laws and regulations that affect AZRA and the reinsurance industry .
  • Advises the business on all types of questions related to material terms contained within transaction agreements, corporate rules and policies and corporate organizational documents
  • Provides legal advice and expertise in an efficient and effective way that enables the business to achieve strategic and commercial goals

 

What you bring:

Education & Experience / Licenses & Certification

  • Juris Doctor degree (JD) from an ABA accredited law school
  • California State Bar license in good standing required
  • 8-15 years of legal experience at a major law firm and/or an in-house law department, specializing in one or  more of the following areas: corporate and financial transactions, reinsurance, corporate governance and/or insurance regulation
  • Excellent academic credentials and references

Qualifications Knowledge/Skills/Abilities

  • Extensive business or transactional experience with excellent drafting skills
  • Strong analytical, oral, and written communication skills; Strong negotiation skills
  • Solid work ethic and high level of personal integrity and accountability; self-starter with ability to work independently and comfortably with technological savvy in a virtual/ remote set up
  • Seeking candidates with a high degree of intellectual curiosity and a keen interest in learning new areas of law.
  • Make sound decisions, use independent judgment, think commercially, establish priorities and work effectively on multiple initiatives concurrently
  • Able to define legal issues and evaluate legal risks, think creatively and strategically, and find innovative approaches to legal issues in support of business initiatives and objectives required
  • Sound management and interpersonal skills with a demonstrated ability to work effectively within a team and to build strong relationships with colleagues from all business and geographical areas of the Company
  • Ability to analyze, research, and communicate legal issues regarding statutes and regulations affecting the insurance and financial services industry
  • Ability to understand and draft complex agreements and transactions and communicate to senior business leaders
  • Proficiency with Microsoft Office (Excel, PowerPoint, Word), online legal research tools, and enthusiasm for embracing new technologies
  • Ability to develop new areas of subject matter expertise, advise on and provide support with respect to a variety of general corporate matters and initiatives

 

 

Base Salary Range $130K to $200K (pay band minimum to pay band maximum)

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.

 

What we offer:

At Allianz, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, generous annual paid leave, an outstanding 401(k) company match, and life insurance.

 

Join us.  We care for tomorrow.


Nearest Major Market: Minneapolis