The position of Counsel manages regulatory compliance with respect to U.S. mortgage insurance operations, including company and agent licensing, regulatory complaints, and compliance with consumer protection laws. The incumbent is responsible for reviewing various marketing and promotional materials for the company. He/She may coordinate the workflow of non-direct reports and administrative support staff.
Arch MI is a new and growing mortgage insurance company with a strong and global parent – Arch Capital Group Ltd. If you’re interested in joining a dynamic company and working with a team of motivated, high caliber people, apply today and come grow with us!
Manages, oversees or liaises with the business units with respect to insurance regulatory compliance. Provides regulatory analysis and legal expertise required to support current insurance operations and the development of new insurance products. May act as company’s liaison with state insurance departments or regulatory authorities to resolve complaints and/or regulatory issues. Works closely with the other attorneys in the group as well as assigned business units ensure compliance issues.
Develops procedures and manages agent licensing and claims adjuster process. Manages appointment and renewal functions.
Identifies, researches and provides legal analysis of legal and regulatory issues arising from insurance directives, legislation and regulations impacting Arch MI or its operations, including state and federal laws relating to consumer protection. . Plans legal and regulatory strategies and recommends or directs appropriate in-house actions for compliance.
Provides initial legal review and tracking of new legislation, DOI regulations and directives affecting the MI industry. Actively manages the search terms to ensure effective monitoring for applicable laws.
Performs legal review of all marketing materials, promotional materials and external communications regarding existing and new insurance products prior to publication or distribution.
Strong skills in legal analysis and writing.
Excellent communication and interpersonal skills to collaborate effectively with business clients, attorneys, administrative staff, external regulators and insurance industry contacts.
Excellent attention to detail and investigative skills.
General understanding of mortgage lending and mortgage insurance industry as a whole, preferred.
General understanding of corporate finance and operations.
Education & Experience:
JD degree plus at least 2 years of legal practice, including (or in addition to) experience with highly regulated clients or prior experience in the insurance industry. Experience with a mortgage insurance or mortgage lending company a definite plus. Prior professional experience in financial services, audit, or with a regulatory agency also helpful.
About Our Company
Arch Mortgage Insurance Company is the flagship U.S.-based mortgage insurer of Arch Capital Group Ltd., a leading insurance and reinsurance company operating through its subsidiaries worldwide. Based in Greensboro, North Carolina, our company is committed to our employees and our customers. Our Total Rewards package offers competitive pay and valuable benefits. Plus you’ll have access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.