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Go to People, Finance Administration
Palo Alto, California

Insurance Regulatory Counsel


Next Insurance is a fast-growing 350+ person startup based in Silicon Valley and is led by a team of experienced entrepreneurs with a history of successful outcomes. Our mission is to transform insurance for small businesses by combining world-class technology and phenomenal customer service to offer better insurance at a lower price. Next has raised over $380 million from top tier investors and is the valley’s latest unicorn, valued at over $1 billion.

 

Next is well-positioned to become the leader in the $140 billion small business insurance market because we offer a 100% online experience that is tailored to unique business needs and we get customers insured in minutes – something no one else does. Despite the size of the market, the experience of buying small business insurance has not caught up with best practices instituted in other industries like banking, lending, and even personal lines insurance. There is still a lot of paper involved, purchasing a policy can take days or even weeks, and the coverage is so complex that it’s hard for entrepreneurs to understand what they are buying. We’re here to change that. Our goal is to make insurance simple, affordable, and transparent for small businesses so they can stop worrying about insurance and focus on running their businesses.

 

We are looking for an energetic Insurance Regulatory Counsel to join our small, scrappy legal department. This role will be tasked with counseling the business teams on insurance-focused regulations in all jurisdictions in the US as we develop our menu of insurance products and claims-handling processes. The ideal candidate will have hands-on experience as a regulatory attorney and be able and/or willing to provide assistance with commercial contracts. This person will also be familiar with, or able to quickly learn, how the insurance industry operates, from underwriting through claims management, and assist in instituting best practices for teams in an international trio of locations.

Responsibilities:

Provide day-to-day direction, strategy, and legal advice to the business on insurance regulatory and compliance issues.

Draft and negotiate contracts with third-party partners in the insurance supply chain, including sales and marketing partners.

Develop, implement, and enforce company policies and compliance efforts, including best practices for record management and data retention, and customer outreach and engagement.

Manage regulatory filings and work to obtain new licenses, as needed.

Provide training for cross-functional teams to ensure goal alignment.

Desired Skills and Experience:

7+ years of experience at a reputable law firm and/or in-house legal department in the insurance industry

Know-how, self-sufficiency, and enthusiasm to research and locate answers to operational questions in a context that merges traditional insurance rules with online technology

Technology-embracing attitude as a tool to eliminate redundancies and provide superior service to customers

Outstanding analytical skills, business judgment, critical thinking, and ability to juggle numerous tasks in parallel

Team player mentality, including a willingness to play different roles depending on projects and current staffing needs

Preferred but not required: Experience interacting with state DOI regulators and/or performing compliance audits

 

One of our core values is ‘Play as a Team’; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next’s policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.