Deputy General Counsel, Risk & Insurance

Chicago, IL - USA

Monthly Salary: $ 225000 - 300000

Posted on: 5 hours ago

Vacancies: 1 Vacancy

Job Summary

ABOUT US

AtHUB International we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals families and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn grow and make a difference. Our structure enables our teams tomaintaintheir own unique regional culture whileleveragingsupport and resources from our corporate centers of excellence.

HUB isone of thelargest global insurance and employee benefitsbroker providing a boundaryless array of business insurance employee benefits risk services personal insurance retirement and private wealth management products and services. With over$5 billionin revenue and almost20000 employeesin 600 offices throughout North America HUB hasgrown substantially inpart due to ourindustryleading success in mergers and acquisitions

The Deputy General Counsel Risk & Insurance (Deputy GC) is a key member of HUBs Legal & Compliance leadership team reporting directly into and working closely with the Chief Legal Officer. In providing sound timely and practical legal advice to corporate leadership including the Chief Compliance Officer Risk & Insurance as well as to HUBs many business entities and brokers across all US states the Deputy GCs role will focus on the Property and Casualty (P&C) sector as well as the retail and wholesale brokerage businesses overall with responsibilities including leadership on corporate governance and internal policy issues the negotiation of significant contractual agreements and the monitoring of substantive U.S. state and federal legal developments affecting the Company and the insurance brokerage industry. The position involves managing a team of attorneys and legal professionals that oversee all insurance regulatory matters as well as litigation and claims pending or potentially pending against the company. The Deputy GC will also work with others on long term strategic initiatives as well as ensuring that day to day questions from other Legal and Compliance team members and from business leaders are timely addressed.

Essential Duties and Responsibilities:

Provide sound and practical legal counsel to senior management on legal regulatory and compliance matters affecting HUBs U.S. entities and brokers.

Partner with the General Counsel Canadian Operations and his team in aligning policies procedures and Broker Standards where permissible by law to better ensure consistency.

Lead and consult on corporate governance issues including the Broker Standards as well as on commercial and legal support and guidance to the operating leaders of the business.

Support complex issues arising out of Mergers and Acquisition activity including questions concerning due diligence integration and potential regulatory issues.

Negotiate and draft and supervise and train others in drafting significant contracts including HUBs client contracts carrier agreements sub-broker agreements referral agreements and affinity agreements.

Review business proposals and advise on permissible forms of broker compensation.

Offer leadership mentoring and legal advice to the Legal & Compliance team regarding questions of policies and procedures and the insurance regulatory landscape.

Support HUBs multi-disciplinary team on data breach reporting and response to the extent necessary and with the understanding of state regulatory requirements in the insurance brokerage industry.

Provide legal advice to the business and the compliance and national licensing teams on licensing issues joint ventures and on cross-selling opportunities.

Manage direct report attorneys and paralegals in the P&C regulatory space.

Qualifications:

Active J.D. in good standing required in at least one state.

15 years of broad legal experience working on complex legal and insurance regulatory issues. Prior experience in developing and managing other attorneys not required but preferred.

Deep experience with contract negotiations and drafting in the insurance brokerage space.

Ability to work collaboratively with and communicate clearly to associates in HUBs other legal and corporate functions (finance and accounting information technology marketing and M&A) as well as with business leaders of HUBs insurance broker businesses.

Experience working on regulatory responses including complaint responses requests for information and regulatory audit responses.

Experience negotiating with insurance regulators regarding matters of enforcement and ongoing supervision.

Broad and in-depth understanding of the commercial insurance business including MGA MGU and non-admitted markets.

JOIN OUR TEAM

Do you believe in the power of innovation collaboration and transformation Do you thrive in a supportive and client focused work environment Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization When you joinHUBInternational you will be part of a community of learners and doers focused onour Core Values:entrepreneurshipteamwork integrity accountability and service.

Disclosure required under applicable law in California Colorado Illinois Maryland Minnesota New York New JerseyOhioand Washington states: The expected salary range for this position is $225000- $300000plus bonus and will be impacted by factors such as the successful candidates skills experience and working location as well as the specific positions business line scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages: health/dental/vision/life/disability insurance FSA HSA and 401(k) accounts paid-time-off benefits such as vacation sick and personal days and eligible bonusesequityand commissions for some positions.

Department Legal

Required Experience: More than 15 years of relevant experience

Required Travel: Negligible

Required Education: Doctoral degree

HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.

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ABOUT USAtHUB International we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals families and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn grow and...