AVP/Sr. Counsel – Retirement Plan Services

  • Full Time
  • Radnor

Website Lincoln Financial Group

About The Company

Led by over 10,000 employees  – including you –  Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses.

The Role

This position provides leadership, direction and functional expertise on complex projects/initiatives for his/her assigned area(s) of responsibility. S/he will provide legal guidance to the Lincoln Financial Group business segments that are responsible for providing Lincoln’s retirement plan products and services. His/her focus will primarily be the product/solution development regulatory and statutory requirements applicable to these offerings in qualified retirement plans, 403(b), 457 and other deferred compensation plans.  Products and solutions will often be insurance products, securities, or participant level experience focused solutions aim at improving their retirement outcomes.

Responsibilities

Provides legal advice & support on: the development & maintenance of LFG’s retirement plan products & services; marketing, sales & distribution to new & existing clients; & the legal & compliance aspects of servicing clients & their retirement plans.
Identifies and directs strategic process improvements that significantly improve quality across the team, department and/or business unit for assigned area(s) of responsibility.
Drafts and negotiates:
Service agreements with plan sponsors;
Settlement agreements with plan sponsors or participants.
Other contracts with service and distribution partners
Negotiates, drafts and/or approves
Dispute resolution
Regulatory disputes
Commercial claim disputes.
Advocates RPS’s positions with third parties such as federal, state, and local regulatory bodies and agencies.
Oversees the production of legal research including the use of electronic, hard copy, and Internet resources, as necessary.
Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility.
Analyzes and communicates changes/developments in the laws applicable to retirement plans (legislative, regulatory, case law).
Identifies and communicates legal exposure and risk in a timely and proactive manner to internal key senior stakeholders.
Reviews documents and communications prepared for distribution to and/or use by plan sponsor and participant clients.
Reviews, advises, drafts, and negotiates contracts and ancillary documents within assigned area(s) of responsibility.
Advocates RPS’s positions with third parties such as federal, state, and local regulatory bodies and agencies.
Selects outside counsel and directs them on various legal projects, as appropriate
Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future strategies.
Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for his/her assigned area(s) of responsibility.
Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility.
Provides strategic direction to build and enhance the capability for his/her assigned area(s) of responsibility.
Maintains current knowledge of legal developments and trends, assesses the impact, and ensures that new trends/developments are appropriately incorporated in current/future strategies.
Requirements

Education

Undergraduate degree
J.D. from an American Bar Association (ABA) approved school and a Member of the Bar in good standing is required
Experience

10+ Years as a retirement plans attorney preferably either at a law firm or financial services company
5 – 7+ Years’ experience with the requirements applicable to product/solution development in the retirement plans context, such as ERISA title 1 considerations, 33 Act Considerations, Advisers Act and state department of insurance issues
5 – 7+ Years’ experience with the requirements applicable to qualified retirement plans, 403(b), 457 and other deferred compensation plans
0 – 1+ Years of Insurance and securities law experience a plus

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