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The attorney in this position will be responsible for handling a full range of legal matters that arise in connection with the development, offering and maintenance of annuity products offered by Prudential Annuities and its affiliates. The candidate must have a minimum of 7 - 10 years of corporate, law firm, in-house and/or regulatory legal experience involving state insurance laws and regulations, the Investment Company Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934 rules and regulations governing annuities.
This attorney will provide counsel and advice to various internal business units as well as to other members of the Law Department. This attorney will draft and negotiate business arrangements in support of the marketing and sale of variable annuity products, including fund participation agreements and revenue sharing contracts.
Primary Duties and Responsibilities:
- Provide legal and regulatory advice to Prudential Annuities as issuer of annuities and in the ongoing administration and management of the annuity business.
- Assist in the development and launch of variable and fixed annuities, as well as enhancements to existing products.
- Draft and file variable and fixed annuity registration statements on Forms N-4, S-3 and S-1, and handle communications with the SEC staff. Coordinate filings with Prudential Annuities Finance, Actuarial and Corporate Treasurer in connection with state and SEC product filings.
- Review and provide advice on advertising, sales literature, and customer communications related to annuity products.
- Attend meetings with the business and provide analysis and advice.
- Coordinate with Compliance Department and Risk Management to provide legal analysis and advice in connection with the development of procedures and appropriate risk mitigation measures, the resolution of potential compliance issues and the conduct of regulatory examinations.
- Keep law department and other personnel apprised of pertinent legal and regulatory developments impacting the annuity business.
- Provide legal support on state and federal regulatory examinations or inquiries.
- Provide legal analysis and support to annuity business in connection with underlying fund changes (i.e., merger, liquidations, and substitutions).
- Perform special projects assigned.
- Candidate will have at least 7 - 10 years of insurance and securities law experience including substantial expertise in the '33 Act, '34 Act and '40 Act, with excellent research, analytical, practical problem solving skills, and oral and written communication skills.
- Candidate must have a solid academic background, have the capacity to work independently as well as be an effective team member. They should be detail-oriented and able to develop and implement new or enhanced processes for increasing the efficiency of regular responsibilities.
- Candidate should have management experience and a background working with high level executives and/or officers of a company.
- Candidate must have an excellent working knowledge of insurance and federal securities and tax laws governing variable and fixed annuity products.
- Candidate should be knowledgeable of the related laws and regulatory practices governing different states.
- Candidate will have a JD degree, admitted to practice law in Connecticut (or must be obtained within 12 months) and obtain the New Jersey In-House Counsel License within 18 months.
Competencies Essential to Success:
- To succeed in this position, the candidate should possess the following core competencies:
- Proven leader with management skills
- Ability to work in fast paced, dynamic and challenging environment
- Excellent research and creative problem-solving skills
- Excellent review and proof reading skills
- Excellent partnering skills with the clients
- Strong interpersonal written and oral communication skills
- Drive for results and strong initiative
- Conceptual and creative thinker
- Excellent judgment and the ability to comfortably make clear, rational and timely decisions in the best interests of Prudential consistent with available facts and applicable laws and regulations.
- Ability to gather and analyze all facts.
- A strong work ethic together with the ability to consistently maintain high service, quality, efficiency and ethical standards.
- Flexibility to adapt to changing needs of the organization and/or business clients.
Location: Shelton, Connecticut. Some travel required.