This is a fantastic opportunity to join a dynamic team within a well-established company expanding in the captive medical stop loss insurance, self-funding and employer sponsored health plan solution ecosystem. Support current legal department in various legal and compliance matters and initiatives, and contract drafting, review and negotiation for Captive Resources’ Health Solutions (HS) business segment.
We are looking for someone who is collaborative and a team player with an entrepreneurial mindset. We welcome colleagues who see what needs to be done to improve the department and company and recommend and implement change under the supervision of current counsel.
EDUCATION AND EXPERIENCE:
JD from an accredited law school and license to practice law in Illinois. 3-5 years of experience in the medical stop loss or group health insurance industry with general in-house corporate work, corporate governance, vendor oversight and contract review experience preferred.
SKILLS/COMPETENCIES REQUIREMENTS:
- Strong understanding of the medical stop loss and health insurance sectors.
- Ability to understand department directives and negotiate contracts with third parties to achieve the same.
- Provides pragmatic solutions as an advisor and business partner to executive leadership on legal and commercial issues.
- Identifies proactive strategies to manage and mitigate organizational risk and optimize results.
- Team-oriented and collaborative; also takes the initiative and works well independently.
- Organizational, planning, and prioritization skills.
- Ability to manage deadlines and multiple responsibilities, and work under pressure at times.
- Strong research, problem solving, and judgment/analytical skills.
- A strong understanding of confidentiality and integrity needs for confidential data and other corporate matters.
- Meticulous attention to detail and accuracy.
- Strong interpersonal and communication skills; opportunity to interface with colleagues at all levels of company.
- Extensive experience in Microsoft (Excel, Word, PowerPoint).
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Significant emphasis on corporate agreement implementation, review and negotiation relating to various stop loss carriers, PBM, TPA, Point Solutions and other vendor relationships.
- Assist with maintenance of formal compliance programs, including various projects, corporate policy update and risk assessments (e.g. enhancement of vendor management/vendor due diligence process, implementation of data classification process, cybersecurity-related projects in partnership with IT).
- Coordination and assistance with the legal aspects needed for long-term company initiatives.
- Support corporate governance for clients, including assistance with creation and ongoing management of group captive companies and review of board book materials, resolutions, and minutes; assist with streamlining related processes.
- Prepare documents related to licensing requirements and respond to inquiries and correspondence for Captive Resources domestic affiliates including agency filings. Liaise with the company’s licensing and registered agent service partners and outside counsel.
- Prepare and file applications for Secretary of State approval in states where new colleagues are hired.
- Assist with periodic offering memorandum updates.
- Coordination and organization of new captive models and coverages.
- Review marketing and promotional materials to ensure that they conform to company standards and any applicable regulations.
TRAVEL:
Limited travel, both domestically and internationally for this position. This includes compliance with all the requirements of the localities and destinations, as well as transportation carrier requirements.
