Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Why this role matters...

The Group 1001 Life & Annuity business unit seeks a Senior Paralegal to join the Law and Compliance Department.  The Senior Paralegal will support annuity product and development initiatives for the group and play an integral role in the growing pension risk transfer (PRT) business issued by Delaware Life Insurance Company.  The successful candidate will work closely with internal business teams during the bidding and onboarding processes and will draft, review and revise PRT-related legal documents, with attorney oversight. 

This role will also participate in the annual process of updating SEC registration statements for variable annuities and variable life insurance policies, in drafting and filing annuity contract forms with the Interstate Compact and state departments of insurance, and in other projects as assigned.  The ideal candidate will have a desire to learn, a positive attitude and be able to work independently with a broad range of individuals.  While there is a preference to locate this role in our headquarters office in Zionsville, Indiana, we will also consider remote candidates from other locations.  Group 1001 also has offices outside of Boston in Waltham, Massachusetts and in Chicago, Illinois.

How you'll contribute...

• Developing, maintaining, and applying a comprehensive understanding of compliance requirements and company norms for documents used in the PRT bidding process, including commitment agreements, group annuity contracts, and group annuity certificates
• Supporting PRT Group 1001 business clients through the processes of bidding on PRT contracts and onboarding PRT clients following successful bids
• Drafting, reviewing, and managing PRT transaction documents, with attorney oversight, during the processes of negotiating bids and finalizing PRT transactions
• Working collaboratively with the PRT business and onboarding teams to onboard new PRT clients and respond to questions as needed
• Assisting as needed in drafting revisions to contract forms for PRT group annuity contracts and certificates and filing them for review and approval by insurance regulators
• Working collaboratively with others in the Law and Compliance Department to prepare SEC filings for variable annuities and variable insurance products. 
• Assisting as needed in drafting revisions to contract forms for other annuity products to be issued by the insurance companies in the Life & Annuity business unit and preparing to file such forms with insurance regulators for review and approval. 
• Providing support for additional Law and Compliance Department projects as assigned. 

How you'll contribute...

• Paralegal degree or certification required/preferred
• Minimum 5 years’ experience in a law firm or corporate setting preferred
• Attention to detail: the ability to accurately reflect and incorporate changes to documents
• Organization skills: the ability to manage and review multiple documents and transactions at one time
• Strong communication skills: the ability to draft clear and concise documents and communications with internal and external stakeholders
• Technical knowledge: Knowledge of annuities and specifically PRT preferred

Compensation:

Our compensation reflects the cost of labor across several U.S. geographic markets. The total compensation for this position ranges from $95,000/year in our lowest geographic market up to $105,000/year in our highest geographic market.  Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience. 

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

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