The Northwestern Mutual Law Department is seeking an experienced and agile leader interested in joining a diverse, challenging, and fast-paced practice to lead a team of experienced lawyers who advise the Company on a wide range of issues as the Company works to transform how clients experience financial security.
What's the role?
The practice of the Law Department’s Tax and Corporate team provides legal advice pertaining to federal and state income, premium and other taxes related to the company as well as its very substantial investment portfolio; taxation of financial security products including life insurance, annuities, disability Insurance and long-term care insurance, tax qualified plans, and employee welfare benefit plans; ERISA and tax issues related to retail investment products and services; trust services; the tax qualification and operation of the Northwestern Mutual Charitable Foundation; employee compensation and benefits; and union negotiations, contract grievances, and other personnel matters. As a leader of this team you will report to the General Counsel, you will lead a talented group of attorneys supporting the enterprise on tax and corporate matters, and you will have the opportunity to work collaboratively with company executives and employees and other members of the Law department on highly complex matters.
INFORMATION ABOUT NORTHWESTERN MUTUAL AND THE LAW DEPARTMENT:
Of the Northwestern Mutual Law Department’s 120 people, approximately 75 are lawyers, having come to Northwestern Mutual from all around the country after having graduated from a multitude of law schools and undergraduate institutions and having practiced in a wide variety of settings. The balance of the Department consists of highly-skilled paralegals and research and administrative professionals who support significant aspects of the Department’s operations. Our Law Department is inclusive and diverse, comprising a rich mixture of men and women who come from a wide variety of ethnic and religious backgrounds and includes people of color and those who are openly gay or lesbian.
The Northwestern Mutual Law Department provides the vast majority of legal services in nearly all disciplines directly to the Company, with only select utilization of outside counsel. There are eight main practice teams within the Law Department: Insurance Products and Operations; Investment Products and Advisory Services; Tax and Corporate; Distribution; Litigation; Enterprise Governance; Private Securities Investments; and Real Estate Investments. Lawyers have the opportunity to develop a thorough understanding of the Company’s business needs and are fully engaged in the execution of the Company’s business strategy. This allows us to provide the most timely and effective counsel in an efficient manner and leads to greater career satisfaction for our attorneys, paralegals, and professional administrative staff.
Northwestern Mutual is a Fortune 100 financial services company with $250 billion in assets and $28.2 billion in revenue. As a mutual company with no shareholders, we exist solely for the benefit of providing protection, financial strength, and product value to our 4.4 million clients through the use of robust financial planning and financial solutions that include both risk and investment products. The Company has the highest financial strength ratings awarded to any life insurance company by all four of the major financial ratings agencies, and it was recognized by Gartner in October 2016 with an “Eye on Innovation” award for the “Most Innovative Digital Business Model in Financial Services.”
Fifteen or more years of experience as an attorney practicing law in the tax and corporate disciplines, including experience as a leader managing and leading a team of attorneys;
Demonstrated ability to provide solution-oriented legal advice to business professionals throughout an enterprise;
Demonstrated ability to proactively monitor and provide effective guidance on the development, evolution, and enforcement of laws and regulations in a rapidly changing environment;
Recognition for building, maintaining, and managing strong and positive relationships with employees, clients, and colleagues;
An exemplary academic record and a Juris Doctorate degree are required; note that a license to practice law in the State of Wisconsin or a commitment to become licensed within the first year of employment is also required.
The scope of this role may change over time to respond to business needs. The successful candidate will be flexible and adaptable.
Excellent interpersonal and communication skills, a highly analytical and curious mind, creativity, comfort dealing with ambiguity, integrity, high ethical standards, and a positive sense of humor.
Ability to work autonomously as well as the ability to deal with multiple tasks at the same time.
A keen problem-solving approach using sound legal reasoning and practical business judgment to identify and address risks and achieve results that balance benefits for all stakeholders of the enterprise.
About Northwestern Mutual
At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company nearly 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.We're strong and growing. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual. We're strong, innovative and growing.We invest in our people. We provide opportunities for employees to grow themselves, their career and in turn, our business.We care. We make a positive difference in our communities. Nationally, thousands have benefitted from our support of research and programs to fight childhood cancer. Each year, our Foundation, employees and financial representatives donate time, talent and financial support to causes they're passionate about. We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.