At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day.
We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our interactions:
- Make it human. We care about the people that make up our customers, colleagues, and communities.
- Make it about others. We do what's best for our customers and collaborate to drive progress.
- Make it happen. We work with intention toward a common purpose and forge ways forward together.
- Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.
POSITION TITLE
Associate General Counsel, Director, Insurance Regulatory
POSITION LOCATION
Richmond, VA
YOUR ROLE
You will provide advice and counsel on a broad array of legal issues affecting Genworth’s insurance companies, with focus on its long term care insurance business. A core part of this role will include being a strategic advisor to senior leadership and others on Insurance Holding Company System Act and corporate insurance regulatory matters. You will work closely with and report to the General Counsel, Long-Term Care.
What you will be doing
- As a subject-matter expert on Insurance Holding Company System Act and corporate insurance regulatory matters, you will provide strategic advice and counsel to senior business, finance, legal and other colleagues on such issues
- Employ conceptual and innovative thinking to develop solutions; anticipate internal and/or external business challenges or regulatory issues; and recommend process, product or service improvements
- Lead contracting initiatives between insurance affiliate entities and with external parties
- Provide support on a wide variety of issues affecting Genworth’s long-term care insurance business, including providing guidance in connection with new and existing insurance products, advertising and training materials review, complaint resolution, operational and infrastructure support, distribution, reinsurance, and contractual matters.
- Work closely with other members of Genworth’s Legal team, other teams across the organization (such as Sourcing, Compliance, Operations, Consumer Affairs, Reinsurance, Tax), business and support function leaders and external parties such as regulators, attorneys and reinsurance partners.
- Provide advice and counsel to internal clients on impact of new laws, regulations and caselaw
- Responsible for identification of legal and regulatory risks and development of risk avoidance and risk mitigation strategies
What you bring
Required
- JD degree from an accredited law school
- Minimum of 10 years of experience as legal counsel within a corporate legal department, state department of insurance or a quality law firm focused on insurance regulatory matters
- Experience with Insurance Holding Company System Act and corporate insurance regulatory matters, preferably with responsibility for advising senior leadership and/or directing and overseeing the work of others on complicated, nuanced issues
Preferred
- Experience with long term care insurance and the applicable legal/regulatory environment
- Experience drafting contracts and providing strategic advice about contracting initiatives
- Experience with reinsurance transactions and contracting
- Demonstrated ability to learn and master new substantive topics quickly
- Outstanding written and oral communications skills
- Top-notch legal analytical skills
- Proactive, creative problem-solving skills
- Demonstrated partnership with internal business clients with a solution-oriented focus on achieving business priorities and goals.
- Strong legal research and writing skills
- Ability to simplify complex legal concepts
- Demonstrated ability to work with minimal daily supervision, while also knowing when a matter requires escalation
- Demonstrated ability to proactively manage client/management expectations
- Ability to balance several priorities within compressed timeframes: ease in working in fast-paced, team-oriented environment
- Demonstrated ability to identify and assess risks and make recommendations regarding risk mitigation
- Strong organizational and time-management skills
Employee Benefits & Well-Being
Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.
- Competitive Compensation & Total Rewards Incentives
- Comprehensive Healthcare Coverage
- Multiple 401(k) Savings Plan Options
- Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
- Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
- Disability, Life, and Long Term Care Insurance
- Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
- Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
- Caregiver and Mental Health Support Services
ADDITIONAL
- At this time, Genworth will not sponsor a new applicant for employment authorization for this position
