Associate Corporate Counsel

Medical Insurance Company, Downtown Chicago – Hybrid

Ref # 1031

Do you have a Juris Doctor degree & current license to practice law in Illinois? Have 5+ years of legal practice experience managing matters applicable to insurance companies and not-for-profit organizations? Worked with federal, state, local agencies and regulatory bodies? Knowledge of legal and regulatory requirements for insurance and nonprofits? Strong communicator with high attention to detail? Able to navigate cross-departmental legal efforts & provide expert guidance? Live in Chicagoland area? Hybrid (2 days/week in office).

Our client: Fastest-growing national medical professional liability insurance company. Provides insurance coverage for healthcare professionals, small health care facilities, and other professionals. Part of the Lloyd’s global marketplace. Chicago-based.

The Associate Corporate Counsel, as part of the Companies’ legal team, will work enterprise-wide with all business units to provide legal analysis and counsel on a wide range of legal matters. This includes:

• Vendor and commercial contracts and transactions, relationships and strategic activities.
• Insurance coverage and regulatory issues.
• General corporate and not-for-profit legal matters.
• Protect the Companies’ business interests and operations. Ensure that the Companies’ remain in compliance with applicable legal and regulatory requirements.
• Identify and analyze legal issues. Draft key documents, agreements, and memoranda. Present clear recommendations. Assure legal compliance for the Companies and protect corporate integrity.

Reports to the Chief Legal Officer (CLO). Assists the Chief Legal Officer, Deputy Chief Legal Officer, and Corporate Counsel.

Background:

• Juris Doctor (“JD”) degree from an accredited law school.
• Licensed to practice law in Illinois.
• Registered and in good standing with the ARDC.

Required Experience & Skills:

• 5+ years of legal practice experience with matters applicable to insurance companies and not-for-profit organizations.
• Demonstrated experience and past job duties or functions relating to federal, state, local agencies and regulatory bodies.
• Excellent oral and written communication skills.
• Knowledge of legal and regulatory requirements and controls relevant to the insurance corporations and not-for-profit organizations in Illinois and other states across the United States.
• Knowledge of insurance industry practices and professional standards.
• Strong knowledge of all Microsoft Office programs. Adept computer skills.
• Integrity, reliability, and high professional ethical standards.
• Professional, respectful, and service-oriented demeanor required.
• Well-organized with exceptional attention to detail and project deadlines.
• Action-oriented with a strong work ethic.

Responsibilities

For-profit Mutual and Subsidiaries:

• Conduct legal analysis, draft, and negotiate a wide range of contracts related to all aspects of the Companies’ business, including vendor, technology, and service agreements through the Companies’ Vendor Management Program.
• Conduct legal analysis and provide legal opinions and counsel on insurance coverage matters for the medical professional liability and professional liability policies. Draft policies and contract language as necessary to protect the Companies’ interests.
• Conduct legal analysis and provide legal opinions and counsel on all reinsurance matters. Draft agreements and contract language as necessary to protect the Companies’ interests.
• Advise business teams on initiatives and operational matters, translating legal concepts into practical legal guidance.
• Provide legal analysis, opinions, and counsel to the Claims and Underwriting divisions on insurance policy inquiries, including policy interpretation, endorsement, coverage analysis, reservations of rights, and declinations.
• Provide legal support to the Compliance team on all Compliance initiatives, especially with respect to complex insurance regulatory issues.
• Stay ahead of emerging regulatory trends and developments, providing proactive insights to the legal and business teams.
• Conduct legal research and draft legal opinions as assigned.
• Conduct legal review of the Companies’ publications to ensure compliance with all applicable laws.
• Assist with legal matters involving issues related to the Companies as assigned, including but not limited to civil litigation matters and appellate and amicus brief drafting.
• Provide legal guidance and support to councils, committees, task forces, and work groups, as assigned.
• Respond to inquiries from policyholders