Assistant General Counsel, Reinsurance Investment Products

Global Atlantic Financial Group; New York (NY); On-site; USD 150,000 - 250,000; Full time

Job summary

A leading insurance company seeks an Assistant General Counsel for its Reinsurance Investment Products division. This role involves providing legal and strategic advice for complex transactions, collaborating with business teams, and ensuring compliance with regulatory matters. Ideal candidates will have a JD and extensive experience in financial services law.

Benefits

Annual cash bonuses

Long-term incentives (equity)

Generous benefits including 401(k) match

Qualifications

• 6+ years of experience in law, preferably in financial services or insurance.
• Experience with third-party capital vehicles and M&A transactions.
• Superior negotiation and drafting skills.

Responsibilities

• Negotiate complex transactions and draft legal documents.
• Serve as legal advisor on multi-billion dollar transactions.
• Lead coordination of various functional areas for business initiatives.

Skills

Negotiation

Legal Analysis

Communication

Regulatory Compliance

Project Management

Education

Juris Doctor (JD)

Job description

Assistant General Counsel, Reinsurance Investment Products

New York, NY - 30HY

COMPANY OVERVIEW

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

Position Overview

The Assistant General Counsel, Reinsurance Investment Products will provide legal and strategic advice for KKR’s growing and dynamic insurance transactional business. The Senior Counsel will work directly with the insurance business teams in New York and Bermuda, as well as colleagues throughout the Legal team and in other functional areas related to KKR’s insurance business, to negotiate complex and novel transactions and provide advice and legal support for the day-to-day functioning of a growing, dynamic and industry-leading business.

RESPONSIBILITIES:

• Negotiate transactions, including drafting a wide range of transactions documents with third parties and supervising outside counsel. Types of transactions include, without limitation, block and flow reinsurance of annuity and life contracts and pension liabilities and retrocessions to Bermuda reinsurers.
• Serve as strategic legal advisor on multi-billion dollar (re)insurance transactions, interacting directly and regularly with KKR’s industry-leading insurance business teams and legal colleagues, as well as members of the C-suite.
• Lead and advise on structuring of multi-billion dollar third-party capital vehicles.
• Develop capital solutions and new fundraising products for the insurance business.
• Serve as go-to advisor on regulatory matters (both U.S. and non-U.S.) affecting KKR’s (re)insurance business.
• Lead coordination of various functional areas in order to advise on and facilitate business initiatives related to (re)insurance.
• Collaborate and serve as legal lead on developing and implanting best practices of a growing organization.
• Lead evaluation of, and present to senior leadership on, novel matters and transactions.
• Build and maintain partnerships with internal stakeholders as well as contacts within the broader legal & and compliance community.

QUALIFICATIONS:

• Juris Doctor degree (JD) and 6+ years of experience in the field of law, preferably including financial services/insurance or another regulated industry.
• Experience with third-party capital vehicles, joint ventures, M&A and/or reinsurance.
• Experience with life/annuity reinsurance transactions a plus.
• Experience with pension risk transfer transactions a plus.
• Familiarity with the Model Holding Company Act a plus.
• Ability to interpret regulations, governance documents and regulatory filings.
• Experience independently, or leading a team, negotiating complex transactions.
• Superior negotiation and drafting skills.
• Superior ability to manage competing priorities of a variety of fast-paced, dynamic transactions.
• Superior communication skills and ability to communicate complex topics succinctly to senior business and legal team members.
• Desire to become subject matter expert with respect to a variety of transactions.
• Superior judgment with ability to use independent judgment, think commercially, establish priorities, delegate, drive processes forward and work effectively on multiple initiatives concurrently.
• Ability to work with a geographically dispersed team.
• Capacity to consider, process and filter large amounts of complex information quickly and identify appropriate actions in a fast-paced environment.
• Ability to work across enterprise and present complex matters to senior business leaders.
• Strong communication skills, work ethic and high level of personal integrity and accountability.
• Willingness to travel periodically to international locations for transaction negotiations.

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City.The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic’sbase salary rangeis determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.

Our employees are in the office 4 - 5 days per week in Hudson Yards, NY and 3 - 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to [e-mail]

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.

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