Introduction The Wisconsin Office of the Commissioner of Insurance (OCI) protects and educates the public by maintaining and promoting a strong insurance industry. As employees of the State of Wisconsin, OCI staff enjoy the following benefits: <ul> <li> Generous Paid Time Off (up to 3 weeks’ vacation, 9 holidays, 4.5 personal holidays, and up to 130 hours of sick leave)</li> <li> Healthy Work Environment <ul> <li> Work/life balance, casual office atmosphere, flexible work schedules, and the potential for remote work after an initial onboarding period</li> <li> Opportunities for professional growth</li> <li> Culture committed to diversity, equity and inclusion</li> </ul></li> <li> Retirement Benefits (participation in one of the nation’s top pension programs!)</li> <li> Excellent Health Benefits <ul> <li> Low-cost health, vision, and dental insurance options</li> <li> Free wellness opportunities (health coaching and a confidential employee assistance program)</li> </ul></li> <li> Additional benefits (life insurance, income continuation insurance, commuter benefits, student loan forgiveness, and additional retirement savings programs)</li> </ul> Learn more about the State of Wisconsin’s amazing benefits package here. Over 85% of employees recommend OCI as a good place to work. Hear what our team members have to say about working for OCI. Diversity, Equity, Inclusion, and Belonging are core values at OCI that guide how we build our teams, develop our leaders, and create a culture that empowers everyone to be their authentic selves. We believe that when employees are respected and valued for who they are and are accountable for demonstrating that respect to others; it drives greater engagement and collaboration, ignites creativity and innovation, and fosters connection between teams and those we serve. Position Summary This position is under the supervision and direction of the Deputy Chief Legal Counsel for the Office of the Commissioner of Insurance (OCI). This position provides legal services related to financial transactions. The attorney would focus on financial, corporate, and securities law as it relates to the insurance industry including following model law and regulation changes at the national level through the National Association of Insurance Commissioners (NAIC) that are required to be adopted in Wisconsin to remain accredited in accordance with s. 601.48 (1m), Wis. Stat. This position would also assist Division of Financial Regulation (DFR) staff in reviewing highly complex organizational structures and transactions that range from merger/acquisitions to affiliated/related party transactions that put the insurer at risk which ultimately puts consumers at risk. Assistance would also be provided to DFR in drafting solvency related orders, assisting at public hearings on transactions, and oversight of contracted attorneys on rehabilitation/liquidation matters. Draft and review legislation and administrative rules affecting OCI’s programs and represent OCI at legislative hearings and other public forums. OCI plays a key role in ensuring the financial solvency of licensed insurers operating in the state. This position partners with DFR by providing legal guidance on complex corporate transactions, investment and securities law, and coordination with other regulatory bodies. For more information, please view the complete position description. Salary Information This Financial Attorney position is assigned to pay schedule/range 09-75. Starting pay for this position will be between $45.00 - $55.26 per hour, depending on candidate qualifications. A 12-month probationary period is required. Pay for current state employees will be in accordance with the State Compensation Plan. Job Details Due to the nature of the position, OCI will conduct background checks on applicants prior to selection. OCI does not sponsor visas and is not an eligible OPT employer for those with F1 visas. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States, and to complete the required employment eligibility form upon hire. This position has potential for remote work after an initial training period has been completed. This topic and any remote work flexibility that may be available will be discussed in more detail in the interview process. Qualifications Applicants must be licensed to practice law in the State of Wisconsin. Minimally qualified candidates will have education or training with all the following: <ul> <li> Researching, analyzing, and interpreting laws and regulations pertinent to financial transactions within the financial sector.</li> <li> Providing legal advice, counsel, and recommendations specifically related to financial aspects of corporate transactions.</li> <li> Providing legal representation in matters concerning financial transactions, including litigation, hearings, negotiations, and regulatory proceedings.</li> <li> Preparing legal documents or memoranda tailored to financial aspects of corporate transactions, such as financial disclosures, transaction agreements, and regulatory filings.</li> </ul> In addition to the above, more than qualified applicants will also have experience with any of the following: <ul> <li> Providing legal representation regarding financial aspects of corporate transactions, including mergers, acquisitions, reinsurance agreements, and other complex transactions.</li> <li> Evaluating the financial impact of proposed transactions and assessing risk exposures to ensure stability, solvency, and consumer protection.</li> <li> Compliance with regulatory requirements and accounting standards specific to financial transactions within the financial sector.</li> <li> Working collaboratively with insurance companies, financial institutions, and other stakeholders to review transactional documents, financial statements, and actuarial reports, fostering effective communication and negotiation.</li> <li> Working through complex financial matters relevant to insurance or corporate transactions, such as capitalization requirements, reserve adequacy, and financial reporting obligations, enabling strategic decision-making and risk management.</li> </ul> How To Apply Apply online! To apply, click “Apply for Job” to start the application process. Then, you will access your existing account or to create a new account if you don’t have an account. Once you are logged in, click “Apply for Job.” Follow the steps outlined in the application process and submit your application. Please visit the Frequently Asked Questions section for general wisc.jobs user information and technical assistance. Your letter of qualifications and resume are very important parts of your application and are used during our evaluation process to determine your qualifications as they relate to the job. Please review instructions on developing your resume and letter of qualifications. Your cover letter is limited to a maximum of two (2) typed pages, single-spaced, no smaller than 10-point font, with 1-inch margins. Resumes should be limited to no more than two (2) pages (no format requirements). Pages more than the specified limits may not be evaluated. References are not necessary at this stage of the process. Submitted materials will be evaluated and the most qualified applicants will be invited to participate in the next step of the hiring process for available vacancies. Permanent classified state employees who are eligible for consideration (transfer or voluntary demotion) should complete the application process as described above by the stated deadline. The State of Wisconsin is an Equal Opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. We provide reasonable accommodations to qualified applicants and employees with disabilities. If you are a veteran with a 30% or greater service-related disability and are not currently employed in a permanent position with Wisconsin State Government, please send a cover letter, resume, DD-214 and documentation of your service-connected disability rating (dated within 12 months) to the contact listed below. Questions can be directed to Paula Langbecker at paulag.langbecker@wisconsin.gov. Deadline to Apply The deadline to apply is 11:59pm Wednesday, April 24, 2024.