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Assistant General Counsel – Insurance Agency (Canada)

Assistant General Counsel – Insurance Agency (Canada)

TransamericaToronto, ON, Canada
15 days ago
Job description

Job Family

Legal Counsel

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.

  • For more information, visit transamerica.com .

Job Description Summary

The Assistant General Counsel will provide legal counsel on a variety of matters associated with the marketing and distribution of insurance products and operating an insurance agency.

Job Description

Responsibilities

  • Provide legal advice and support regarding the marketing and sale of insurance products primarily through a retail field force of independent contractor insurance agents.
  • Prepare, review, and negotiate legal contracts, documents and agreements, such as selling agreements, distribution agreements, and agent agreements.
  • Along with other legal and compliance staff and outside counsel, support the agency in pre-litigation, litigation, and regulatory examinations and investigations and represent the agency to its regulators.
  • Monitor, review, and interpret applicable and proposed provincial guidance, laws, rules and regulations related to the distribution of insurance products and insurance agencies.
  • Work on complex legal issues where analysis requires identification and evaluation of multiple factors.
  • Participate in and lead departmental and cross-functional working groups in identified areas of legal expertise.

    • Qualifications

  • JD from an accredited law school
  • Licensed or otherwise eligible to practice in-house in Canada
  • 10 years of experience as an attorney, including significant experience in the Canadian life insurance industry and with Canadian insurance regulators
  • Ability to effectively communicate, both in writing and orally, with the intended audience
  • Ability to exercise sound judgment in a fast-paced environment
  • Ability to exercise agility and adaptability in providing legal advice
  • Comfortable in a rapidly changing corporate environment
  • Good organizational and project management skills able to work autonomously and manage multiple priorities
  • Action oriented, timely and organized, able to prioritize workload, high degree of accuracy and attention to detail
  • Proficient using MS Office

    • Preferred Qualifications

  • Fluent in French
  • Experience managing other attorneys and / or paralegals
  • Experience supporting a multi-cultural field force
  • Familiarity with US insurance law and regulation

    • Working Conditions

  • Hybrid office / remote or Commuting Remote environment.
  • Regular presence in the Toronto office (1-3 days / wk for Hybrid or 2-4 days / mth for Commuting Remote).
  • Occasional travel to other locations in Canada and / or the US.

    • This job description is not a contract of employment nor for any specific job responsibilities. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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