Senior Counsel - Reinsurance and Alternative Risk Transactions
Ohio - Columbus, One Nationwide Plaza
The Senior Counsel can be a fully remote position that will be a critical member of a Reinsurance and Alternative Risk center of excellence within Nationwide’s Office the Chief Legal Officer (OCLO) and will support such transactions throughout the Nationwide enterprise.
This position involves providing specialized legal and regulatory expertise to support reinsurance and alternative risk financing strategies for Property & Casualty and Financial Services. The successful candidate will have experience in various areas related to insurance, reinsurance, and risk management.
Responsibilities:
Alternative Risk Financing:
- Advise on alternative risk financing mechanisms, including captives, structured insurance solutions, insurance -linked securities and notes, catastrophe bonds, and other innovative solutions.
- Evaluate the legal and regulatory implications of alternative risk structures.
Reinsurance and Fronting Arrangements:
- Review and negotiate reinsurance and fronting agreements, including ancillary agreements, and advise on issues involving reinsurance intermediaries, program administrators, third party administrators, trusts, multinational insurance programs, etc.
- Address legal and regulatory issues, including license, registration, collateral, tax, etc.
Reinsurance Entities and Captive Insurers:
- Advise on the establishment, regulation, and ongoing governance and administration of reinsurance entities and captive insurers.
- Address licensing and registration requirements.
Bermuda and Other Offshore Reinsurance Regulations and Transactions:
- Navigate international regulatory frameworks for cross-border reinsurance transactions.
- Analyze legal and compliance aspects of global reinsurance operations working with other areas of expertise, including privacy, tax, trade and economic sanctions, and other- regulatory implications.
Regulatory and Reporting Requirements:
- Address domestic and foreign entity reinsurance license and registration requirements.
- Advise on credit for reinsurance requirements, collateral issues, Schedule F matters, etc.
Familiarity with various insurance products:
- Property & Casualty, Collateral Protection Insurance, Financial Guaranty Insurance, Trade Credit & Political Risks Insurance, Warranty and Indemnification Insurance, Management Specialty Lines Insurance, Medical Stop Loss, etc.
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(Internal Use Only - Compensation Band 8)
Job Description Summary
Would you thrive in an environment where you can deliver top-quality legal services to support the goals and objectives of a Fortune 100 insurance and financial services company? If you possess the legal education, skills and expertise needed to …This job isn't fresh anymore!
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Fully remote Fully remote position
Benefits/PerksCompany-paid Pension plan Dental Diverse organization Fully remote Fully remote position Holidays Life Insurance Medical Paid holidays Paid Time Off Short and long term disability coverage Vision
Tasks- Communication
- Training
Business Communication Compliance Contract Negotiation Financial Services Insurance Insurance Law Insurance Solutions Leadership Legal Experience Legal expertise Life Insurance Organizational Project Management Regulatory Compliance Reinsurance Risk Assessment Risk Management Sales Training Written communication
Experience5 years
EducationBachelor's degree Business Juris Doctor
TimezonesAmerica/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9