Associate Counsel, Annuity & Life Insurance Product at Prosperity Life Group, LLC. | Austin, US | Rezi

Associate Counsel, Annuity & Life Insurance Product at Prosperity Life Group, LLC.

Associate Counsel, Annuity & Life Insurance Product

Prosperity Life Group, LLC. · Austin, US

1 months ago

Associate Counsel, Annuity & Life Insurance Product

Prosperity Life Group, LLC. · Austin, US

a month ago
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About the Role

We are seeking an Associate Counsel, Annuity & Life Insurance Product to provide legal leadership throughout the entire lifecycle of annuity and life insurance products. This role involves partnering with the Product Development & Implementation Team to advise on product design, regulatory compliance, and distribution strategy, playing a critical part in supporting new product launches and managing in-force business while identifying and mitigating legal risks.

Responsibilities

  • Provide legal guidance on the design and development of annuity and life insurance products
  • Review policy forms, administrative materials, product illustrations, and operational guidelines
  • Act as a core member of the Product Development & Implementation Team, ensuring legal alignment through product launches
  • Ensure products, marketing, and operations comply with insurance regulations (e.g., suitability, replacements, sales practices)
  • Identify legal risks across complex and ambiguous scenarios and develop practical mitigation strategies
  • Draft legal memoranda, documentation, and recommendations to support risk-informed decision-making
  • Partner with Distribution to support expansion across independent, bank, and broker-dealer channels
  • Draft and negotiate selling agreements and related distribution contracts
  • Provide ongoing legal support for channel-specific regulatory and operational considerations
  • Advise on legal and compliance matters related to in-force annuity and life insurance blocks
  • Support resolution of product-related legal issues as they arise across the business
  • Collaborate closely with Product, Actuarial, Compliance, and Operations teams to align legal guidance with business objectives
  • Partner with the Deputy General Counsel, General Counsel, and broader Legal & Compliance team on key initiatives and regulatory responses
  • Participate in business meetings to proactively identify legal considerations and support execution timelines

Requirements

  • Law degree (J.D. or equivalent) and bar admission required
  • Practice and knowledge of annuities and life insurance products
  • 7+ years of relevant experience either with a law firm, insurance company, or other financial services institution
  • 5+ years of progressive experience in annuities and life insurance products
  • Experience working closely with Distribution, Actuarial, Product Filing and Operational functions
  • A strategic end-to-end view in organizing and planning work or initiatives
  • Ability to deliver exceptional results and outcomes that involve managing or influencing others
  • Mastery of both written and oral communications with the goal to provide concise, clear messaging to persuade the audience, especially at the executive level

Skills

  • Insurance Product & Regulatory Expertise
  • Legal Risk Assessment & Mitigation
  • Product & Distribution Advisory
  • Executive Communication & Influence
  • Cross-Functional Collaboration
  • Strategic Execution & Judgment

Location

  • Austin, TX
  • New York, NY

Work Type

  • Remote
  • Hybrid

Experience Level

  • 7+ years of relevant experience
  • 5+ years of progressive experience in annuities and life insurance products

Education Level

  • Law degree (J.D. or equivalent)
  • Bar admission required

Salary/Compensations

  • $180K-$200K

Benefits

  • Comprehensive medical, dental, and vision coverage
  • HSA and 401(k) company match
  • Paid time off
  • Employer-paid life and disability insurance

About the Company

  • We’re a fast-growing, privately held insurance company on a path to become a leading U.S. retail platform.
  • We believe every client and customer relationship holds the potential to grow into something greater—and the same is true for our people.
  • As we grow, we’re redefining how great talent connects with meaningful work—enabling our ambitious strategy while building a culture of high performance, creativity, and partnership.
  • If you’re curious about how legal strategy shapes product development and distribution in the life insurance industry, then this role offers the opportunity to advise on high-impact initiatives while guiding business through complex regulatory and risk considerations.

Equal Opportunity

  • At Prosperity, we are committed to equal employment opportunity and encourage people from all backgrounds to apply.
  • We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.
  • We strive for a meaningful interview experience for all candidates.
  • If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.