Paralegal I (Transactions)

At The Standard, you’ll join a team focused on putting our customers first.
Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.
 
Ready to reach your highest potential? Let’s work together.

Job Summary

The Paralegal in the Legal and Compliance Department plays a vital role in assisting attorneys with a wide range of tasks. This position involves supporting the attorney in managing regulatory matters, legal research, contract management, and ensuring adherence to legal and regulatory requirements across the organization.

Key responsibilities include preparing legal documents, reviewing and drafting contracts, conducting research on regulatory issues, maintaining files, and assisting with audits and internal investigations. The paralegal also helps to ensure that all documentation complies with relevant laws and regulations, coordinates communication between various stakeholders, and supports attorneys in managing high-volume legal matters.

PRINCIPAL ACCOUNTABILITIES / ESSENTIAL FUNCTIONS

• Job Complexity & Judgment:  Works on wide range of low to moderately complex assignments.   When assigned project work, often defines procedures in the form of objectives.  Exercises independent judgment and discretion.

• Independence & Supervision required:  Typically receives little instruction on daily work.  May require general instructions on new assignments.  Collects relevant and valid information for appropriate analysis of a problem, situation, or issue of low to moderate legal complexity.  Able to identify basic legal implications/conclusions from the analysis.

• Interaction & Influence:  Communicates and interacts with persons at all levels in the organization, industry and community.  Continues to build trust with and contribute to the legal team.  Expands sphere of influence to include relevant internal and external partners.  Grows working relationships within the team, department, and business partners and stakeholders.

Skills and Background You’ll Need

• Experience:  2+ years progressively responsible work experience in a law office, corporate law department or the equivalent combination of education and/or relevant experience.

• Education:   Associate’s degree in Paralegal Studies or Paralegal Certificate required. 

Key Behaviors of a Successful Candidate

​Insurance Law and Regulations:

• Understanding of the laws and regulations that govern insurance, including local, state, and federal rules.

• Familiarity with various types of insurance (e.g., life, disability, and voluntary supplemental products).

• Knowledge of compliance requirements related to claims, underwriting, and policy renewals.

Corporate Law:

• Basic understanding of corporate law, business structures, and insurance.

• Knowledge of contract law as it relates to insurance policies.

Contract Review and Drafting:

• Ability to review, draft, and maintain insurance contracts, policy updates, and amendments.

• Understanding the terms, exclusions, and conditions in insurance agreements.

Regulatory Compliance:

• Knowledge of the regulations set by insurance regulatory bodies, like state insurance departments and the National Association of Insurance Commissioners (NAIC).

• Understanding how insurance laws and regulations impact company operations and risk management.

Risk Management:

• Basic knowledge of risk management principles and how insurance coverage helps businesses manage risks.

Legal Research and Analysis:

• Ability to research insurance law, regulations, and case law.

• Skilled in analyzing insurance documents to identify key legal issues.

Attention to Detail: 

• Strong ability to review legal and insurance documents carefully to ensure accuracy and compliance.

Document Management and Organization: 

• Expertise in organizing legal documents, insurance claims, and records.

• Ability to manage deadlines and ensure timely submission of reports and filings.

Communication: 

• Strong written and verbal communication skills to interact with attorneys, clients, insurers, brokers, and regulators.

• Ability to draft clear legal documents and summaries.

Technology Proficiency:

• Familiarity with legal and insurance software (e.g., case management systems, claims software).

• Proficiency with Microsoft Office (Word, Excel, PowerPoint) for drafting documents and creating reports.

Time Management:

• Ability to prioritize tasks and meet deadlines in a fast-paced environment.

Confidentiality and Ethics:

• Understanding the importance of maintaining confidentiality, especially with sensitive insurance claims and legal matters.

• Knowledge of the ethical standards governing legal professionals and the insurance industry.

Problem-Solving:

• Ability to help attorneys resolve complex issues related to insurance claims, contracts, and regulations. 

Why Join the Standard?

We have built an enduring legacy of stability, innovation and financial strength thanks to the contributions of the talented, creative and compassionate people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• A rich benefits package including a 401(k) plan with matching company contributions

• An annual incentive bonus plan 

• Generous paid time off

• A supportive and responsive management approach

• Opportunities for career growth and advancement  

• Paid time off to volunteer 

• An employee giving program that double matches your donations to eligible nonprofits and schools

• Much more!

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

24.76 - 36.30

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.