Full-Time

Insurance Product Counsel

Confirmed live in the last 24 hours

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance provider

Financial Services

Compensation Overview

$148k - $230kAnnually

Junior, Mid

No H1B Sponsorship

New York, NY, USA + 1 more

More locations: Bethesda, MD, USA

Requires 2-3 days onsite at Chevy Chase, MD or New York, NY.

Category
Legal
Legal & Compliance
Requirements
  • Candidates must have at least 2 years of experience, strongly preferred at a law firm or in-house counsel
  • Experience working in property & casualty insurance, financial services, or other regulated services industries strongly preferred
  • Fluent in English; Spanish is a plus - speaking and writing
  • Must have a law degree and an active law license to practice in the United States of America
  • Strong listening and communication skills
  • Ability to quickly digest and understand business plans, processes, and procedures
  • Ability to provide legal advice with incomplete information
  • Superb judgement about legal and legal-adjacent risks as well as mitigation opportunities
  • Must be solution oriented
  • Preferred to have experience in product counseling or as a product attorney
  • Must have demonstrated experience solving business problems and advancing business metrics
Responsibilities
  • Under general supervision, provide advice and propose solutions for problems that arise in the insurance business units
  • Provide legal advice related to business unit’s plans and anticipate future legal needs
  • Coordinate support for assigned business units with your team and from other parts of the legal department
  • Use wide range of legal knowledge to issue and spot any implications of business choice that could interact with multiple legal subject areas such as privacy, insurance compliance, consumer-protection laws, intellectual property, and contractual obligations

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.

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