Full-Time

Senior Counsel

Corporate Legal, Regulatory Enforcement

Confirmed live in the last 24 hours

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance provider

Financial Services

Compensation Overview

$162k - $254kAnnually

Senior

No H1B Sponsorship

Bethesda, MD, USA

Hybrid role requiring 3 days/week in the Chevy Chase, MD office if located in the Washington, DC metro area.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • Minimum of 6-10 years of property/casualty insurance legal regulatory experience, preferably in an insurance company, law firm, or state insurance department.
  • Strong research, analytical and writing skills.
  • Expertise regarding state laws and regulations applicable to insurance with auto insurance knowledge strongly preferred.
  • Demonstrated experience leading legal engagement with insurance department exams and inquiries.
  • Strong executive communication and presentation skills.
  • Experience with business counseling, including the ability to advise on complex issues to business professionals at every level of the organization.
  • Ability to work independently, multi-task, prioritize projects, manage deadlines and engage effectively in cross-functional collaboration across the company.
  • Enthusiasm for working in a team-oriented, dynamic environment; ability to identify matters requiring escalation to management; strong service-oriented disposition.
  • Juris Doctorate from an accredited law school, licensed to practice law in at least one state.
Responsibilities
  • Oversee GEICO’s day-to-day direct engagement with state insurance department regulators during examinations and other regulatory inquiries/complaints.
  • Ensure effective representation in securing/negotiating the favorable resolution of pending regulatory matters.
  • Collaborate with and support internal clients on insurance regulatory examinations and other regulatory inquiries/complaints.
  • Oversee preparation of research and memoranda on relevant insurance legal and regulatory issues arising during regulatory exams or other regulatory complaints/inquiries.
  • Identify and assess risk exposure to the Companies during regulatory exams, investigations or other regulatory complaints/inquiries based on comprehensive understanding of relevant statutes, regulations, regulatory interpretations and desk drawer rules.
  • Provide strategic legal counsel, identify regulatory trends, and educate business leaders on a wide range of insurance regulatory matters to support the business leaders in managing regulatory risk.
  • Collaborate with all disciplines within the legal organization (including the government and regulatory affairs team and other specialized legal divisions), as well as corporate compliance, business operations units (sales, service, underwriting, claims), product management (business line owners), finance, and licensing, to provide informed legal/regulatory advice and risk assessments related to regulatory inquiries.
  • Work closely with compliance to assess and mitigate regulatory risk.
  • Limited domestic travel to engage and build relationships with insurance regulators and/or business clients to effectively represent GEICO’s interests.
  • Special projects as assigned.

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, as well as home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The company's goal is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • GEICO's strong financial performance, as evidenced by its recent $1.78 billion profit in Q2, indicates robust business health and growth potential.
  • The company's new fan engagement platform with MLB could enhance brand visibility and customer engagement.
  • Recognition of military service members through awards highlights GEICO's commitment to community and social responsibility, potentially attracting a loyal customer base.

What critics are saying

  • Allegations of discriminatory practices and ongoing legal challenges could damage GEICO's reputation and lead to financial penalties.
  • The competitive landscape in the insurance industry, with strong players like State Farm and Progressive, requires continuous innovation to maintain market share.

What makes Geico unique

  • GEICO's direct-to-consumer model allows it to offer competitive rates by eliminating intermediaries, unlike many traditional insurance companies.
  • The company's extensive online presence and user-friendly website provide a seamless customer experience for managing policies and filing claims, setting it apart from competitors.
  • GEICO's memorable advertising campaigns have significantly boosted brand recognition and customer loyalty, a competitive edge in the crowded insurance market.

Help us improve and share your feedback! Did you find this helpful?