AVP, Sr. Counsel - Retirement Plan Services

Date: Apr 25, 2019

Location: Radnor, PA, US

Company: Lincoln Financial

Alternate Locations: Radnor, PA (Pennsylvania)

Relocation assistance is not available for this opportunity.

Requisition #59323

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $238 billion in assets under management as of December 31, 2018.

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

 

 

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 tax and ERISA requirements applicable to qualified retirement plans, 403(b), 457 and other deferred compensation plans.

Responsibilities

Legal

  • 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 an ERISA attorney preferably either at a law firm or financial services company 
  • 5 – 7+ Years’ experience with the ERISA requirements applicable to the financial services industry, such as prohibited transactions and exemptions 
  • 5 – 7+ Years’ experience with the tax and ERISA 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 #LI-CG1

 

 

 

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

#P5 


Nearest Major Market: Philadelphia

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