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Assistant General Counsel, Corporate Insurance

Location: Nashville, TN, United States
Date Posted: Jul 19, 2019

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Job Description

Description

Caterpillar has an opening for a Assistant General Counsel for its captive insurance company. This position provides advice to Caterpillar Financial Insurance Services (CFIS) personnel on legal and associated business issues related to all aspects of the business of Caterpillar Insurance Holdings Inc., Caterpillar Insurance Company, Caterpillar Insurance Company, Zurich branch, Caterpillar Insurance Co. Ltd, Caterpillar Product Services Corporation and Caterpillar Insurance Services Corporation.

 

 

 

 PRINCIPAL DUTIES AND RESPONSIBILITIES:


1. The Assistant General Counsel advises CFIS personnel regarding matters which frequently involve substantial sums, complex issues, and direct interface at upper management levels. Transaction support often involves direct contact and negotiation with end users or dealer customers to resolve issues and finalize documents under short time constraints. The incumbent conducts legal research and drafts or revises various legal documents for financial transactions. Advice, interpretation, opinions, and recommendations are provided over a comprehensive area of the law, both U.S. and worldwide, including secured transactions, marine financing, corporate, securities, labor, insurance, service contracts, independent power projects, and procurement.


2. Provides advice, interpretation, opinions, and recommendations concerning insurance regulatory and business matters. Has full responsibility for strategic planning and management of activity through the assigned paralegal and outside counsel such that actions are taken to protect CFIS interests and maximize recoveries. Requires management of outside counsel engagement and cost and performance.


3. Responsible for individual maintenance and further development of legal knowledge related to core business activities, and for the development of educational programs, materials, and skills for Region Office, Headquarters, and department support personnel. Serves as Compliance Officer and performs occasional audits of matters to ensure conformity to required procedures and practices, and initiates corrective action when required.


4. Quality is maintained in this position through the ability of the incumbent to provide sound, accurate legal advice throughout CFIS. Must stay abreast of the current legal system and must pay close attention to detail in the development of CFIS contracts for various internal and external customers. Serves as Secretary responsible for corporate governance.


5. Participates on Investment Committee with advanced knowledge of insurance investment practices and regulations.


6. Participates on Pricing Committee with advanced knowledge of risk transfer, rate adequacy and unfair and discriminatory rate laws and regulations.


7. Participates on Anti-Fraud Committee with advanced knowledge of insurance fraud laws, regulations and reporting requirements.


8. Participates on the ORSA Committee with advanced knowledge of enterprise risk management requirements for licensed insurance entities.


9. Sits as Chief Compliance Officer of CFIS and chairs relevant compliance administration committees.


10. Participates in the established continuous improvement objectives for CFIS. Measures progress toward the continuous improvement standards and sees that the necessary measurements are maintained. Participates in the resolution of identified problems. Analyzes data and makes all business decisions based on such analysis.


11. Understands the Harassment policy of the company and is responsible for its application in all aspects of employment.

 
 

Qualifications

Basic Qualifications:
• A juris doctorate
• Admission to practice with a state bar
• Minimum of 10 years as an Insurance Regulatory Attorney is required, either in-house or in private practice
• Work experience, as an Insurance Regulatory Attorney must be progressively increasing in responsibility and accountability and demonstrate the skills and knowledge required to become fully competent as a Corporate Insurance Attorney
• Ability to apply human relations skills with internal and external customers including serving as a key representative of CFIS before insurance commissioners, directors and their staff
• Advanced knowledge of insurance laws and regulations governing the insurance business
• Advanced knowledge of procedures and operations of corporate business units
Experience in all of the following is preferred:
• Property and casualty, life and health and captive insurance companies and their licensing and compliance requirements throughout the United States, Bermuda and Switzerland.
• Insurance distribution channels, advertising, sales, underwriting, claims adjusting, third party administrators and reinsurance laws and regulations.
• Insurance company rate and form filings, surplus notes, dividend payments, anti-boycott, anti-bribery, customer identification procedures and regulatory examinations.
• Service contract laws associated with extended protection products.
• Advanced knowledge of the corporate legal system
• Advanced knowledge of laws and regulations involving insurance
• Advanced knowledge, consideration and application of statutes, legal precedents, and administrative regulations
• Advanced ability to handle the more complex international transactions and insurance business.
• Advanced knowledge of insurance corporate governance, insurance holding company regulations, investment law and
• regulations, and all aspects of insurance company operations and compliance.

Top Candidates Will Also Have:
• Advanced awareness of pending legislation, which would impact operations of Caterpillar Insurance and Cat Inc.

Caterpillar is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status; however, as a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.caterpillar.com/careers

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Keywords: General Counsel , Insurance Lawyer , Property and Casualty
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Job Info

Jul 19, 2019

190001ZI

United States


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