Senior Paralegal Specialist

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Date: Jul 11, 2019

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

VARIABLE AND FIXED INSURANCE PRODUCT PARALEGAL

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+)**

 

Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.

 

This position is in New York Life's Office of the General Counsel, located in Manhattan, NY, with periodic opportunities to work in New York Life’s White Plains, NY office.  The role is designed to support the group of attorneys handling legal work on issues related to the Company’s retail annuity and variable life insurance businesses, as well as certain annuity and life insurance products offered in institutional markets.

 

Responsibilities

·       Develop a detailed understanding of how variable and fixed life insurance and annuity products are structured, and the laws and regulations relating thereto

·        Interact with various business departments, and attend meetings on behalf of the Office of the General Counsel

·       Assist attorneys with SEC filings

·       Work with outside financial printer to coordinate and Edgarize SEC filings

·       Assist with legal research related to insurance regulatory matters

·       Keep physical files updated, and update file index accordingly

·       Periodically archive materials pursuant to record retention policies

·       Assist with contracts and amendments to contracts with third parties

·       Assist attorneys with tracking regulatory proposals impacting life insurance and annuities

·       Maintain list of underlying funds available for each variable insurance product

·       Maintain list of legal and business contacts for all underlying funds

·       Prepare drafts of product supplements

·       Prepare drafts, and coordinate filings of, New York and Delaware Plans of Operations

·       Prepare drafts of required state securities filings

·       Proofread and edit documents

·        Assist attorneys with policyholder complaint resolution


Job Requirements

Required Skills:

  • College degree required
  • At least 2-4 years’ experience in insurance and/or securities law
  • Excellent interpersonal skills; demonstrated ability to build relationships
  • Ability to multi-task and prioritize assignments while delivering consistent, quality work-product in a timely manner
  • Highly organized with strong attention to detail
  • Strong work ethic and ability to self-start
  • Team-oriented individual with flexible and cooperative attitude

 

Preferred Skills:

  • Ability to work with limited supervision and seek guidance when necessary
  • Excellent verbal and written communication skills
  • Strong research and problem-solving skills
  • Ability to adapt to changes in the work environment
  • Strong computer skills including latest versions of MS Office Suite, EDOCs, Workshare/Deltaview, Workiva/WDesk, NILS, and Westlaw
  • Experience with outside financial printers to coordinate and prepare SEC filings

 

*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/1/18. For methodology, please see http://fortune.com/fortune500/ 

**Individual independent rating agency commentary as of 10/2/18
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC

EOE M/F/D/V

 

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