Associate Counsel, Annuity & Life Insurance Product

About Us:

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.

About the Role:

We're looking for an Associate Counsel, Annuity & Life Insurance Product to provide legal leadership across the full lifecycle of annuity and life insurance products. The primary role of this individual will be to represent the Legal & Compliance department as a partner to the Product Development & Implementation Team, advising on product design, regulatory compliance, and distribution strategy.

You'll play a critical role in supporting new product launches and ongoing management of in‑force business, while identifying and mitigating legal risk in complex, high‑impact situations. This position requires a strategic, business‑oriented attorney with deep insurance expertise and the ability to influence cross‑functional stakeholders.

What You'll Do:

Product Development & Legal Advisory

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

Regulatory Compliance & Risk Management

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

Distribution Strategy & Channel Support

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

Inforce Product & Ongoing Legal Support

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

Cross‑Functional Partnership & Governance

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

What You Bring:

Law degree (J.D. or equivalent) and bar admission required, with practice and knowledge 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 and ability to deliver exceptional results and outcomes that involve managing or influencing others.

A mastery of both written and oral communications with the goal to provide concise, clear messaging to persuade the audience, especially at the executive level.

Core Competencies

Insurance Product & Regulatory Expertise: Deep knowledge of annuity and life insurance products and associated regulatory requirements

Legal Risk Assessment & Mitigation: Ability to identify, assess, and manage legal risks in complex, high‑impact business scenarios

Product & Distribution Advisory: Expertise supporting product development and multi‑channel distribution strategies, including contract negotiation

Executive Communication & Influence: Communicates complex legal concepts clearly and provides persuasive, actionable guidance to senior stakeholders

Cross‑Functional Collaboration: Strong partner across Product, Distribution, Actuarial, and Compliance teams to align legal and business objectives

Strategic Execution & Judgment: Brings a proactive, solutions‑oriented mindset with the ability to manage multiple priorities and deliver results

What We Offer:

A collaborative, inclusive environment that values authenticity, accountability, and partnership

The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what's next

A variable compensation package with a base range of $180K-$200K

A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer-paid life and disability insurance

This role is based in either our Austin, TX or New York, NY offices. The company may consider remote or hybrid work in certain situations

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.