Job details
Salary $112,800 - $190,000 a year
Full job description
The world isn’t standing still, and neither is allstateWe’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needsThat’s why now is an exciting time to join our teamYou’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.
You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramountWe empower every employee to lead, drive change and give back where they work and liveOur people are our greatest strength, and we work as one team in service of our customers and communities.
Everything we do at allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreamsFor more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they faceWe acted with conviction to advocate for seat belts, air bags and graduated driving lawsWe help give survivors of domestic violence a voice through financial empowermentWe’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protectionWe are the good handsWe don’t follow the trendsWe set them.
Job description
We are looking for a reinsurance contracting & insurance coverage attorney with 7 or more years of relevant experienceExperience in, or willingness to learn about, investments transactions and other business transactions is a plus.
You will collaborate with other attorneys and work directly with our business partners as a member of the investments & business transactions law teamThe team is responsible for a wide range of transactional work for our public company parent, numerous subsidiaries, and our investment advisers.
We are fortunate to have a great team of talented, engaged, hard-working attorneys and are looking for someone like that to join our teamYou will be working with attorneys who are invested in your professional development and appreciate that work-life balance begins with the idea that your career and your life should be mutually rewarding, not mutually exclusive
Job description
Counseling the company on complex reinsurance transactions and use of catastrophe bond’s, including:
Negotiating and drafting reinsurance agreements and other ancillary documents while considering applicable regulatory, reporting, and accounting requirements; and
Providing advice and counsel regarding questions of coverage and loss.
Counseling the company’s division charged with administering discontinued lines of business, which can involve:
Advising on coverage afforded by domestic and international reinsurance agreements, both current and in runoff, assessing coverage for environmental claims on primary policies, and securing coverage for claims covered under government-sponsored indemnification vehicles; and
Providing guidance on third party insurance and reinsurance insolvencies and corporate restructuring initiatives, including domestic and international liquidations, schemes of arrangement and portfolio transfers.
Providing oversight of the arbitration and litigation of disputes involving reinsurance.
Supporting the government & industry relations group as needed with respect to legislative efforts – state, federal and international – impacting insurance insolvency and reinsurance.
Job qualifications
License to practice law in a u.sJurisdiction.
7+ years related experience within a reputable law firm or an in-house legal department for a mid- to large-sized insurance or reinsurance organization.
Reinsurance contracting and transactional experience, including experience drafting insurance policy language, reinsurance agreements, trust agreements and other ancillary reinsurance contracts.
Experience in analyzing insurance coverage for latent tort claims under property and casualty insurance policies including personal lines, excess and surplus, umbrella and commercial policies.
Experience in, or willingness to learn about, investments transactions including private equity and other complex business transactions is highly desired.
Strong organizational, analytical, and critical-thinking skills, as well as the ability to identify and resolve legal issues.
***ability to work in a remote work scenario
Compensation data
Compensation range for this position is $112,800 to $190,000 per year, commensurate with experience and qualifications
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good workGood lifeGood hands®.
As a fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginningOur total rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k)Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life - including a generous paid time off policyFor a full description of allstate’s benefits, visit allstate.jobs/benefits/
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Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective july 1, 2014, under indiana house enrolled act (hea) 1242, it is against public policy of the state of indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the united states, a member of the indiana national guard or a member of a reserve component.
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