Assistant General Counsel, Reinsurance Investment Products New York, NY - 30HY

Global Atlantic Financial Group; New York (NY); On-site; USD 235,000 - 250,000; Full time

Job summary

An established industry player is seeking an Assistant General Counsel to provide strategic legal advice in a dynamic insurance transactional environment. This role involves negotiating complex transactions, developing innovative capital solutions, and advising on regulatory matters. The successful candidate will work closely with senior leadership, ensuring compliance and facilitating business initiatives. With a focus on integrity and teamwork, this position offers an exciting opportunity to contribute to the growth and success of a leading insurance firm. If you have a passion for law and a desire to make a significant impact, this role is perfect for you.

Qualifications

• 6+ years of legal experience, preferably in financial services or insurance.
• Strong negotiation and drafting skills are essential for complex transactions.

Responsibilities

• Negotiate and draft transaction documents for multi-billion dollar deals.
• Advise on regulatory matters affecting the insurance business.

Skills

Negotiation Skills

Drafting Skills

Regulatory Interpretation

Communication Skills

Project Management

Judgment and Decision Making

Education

Juris Doctor (JD)

Job description

Assistant General Counsel, Reinsurance Investment Products

at Global Atlantic Financial Group

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.

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 transaction 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 implementing 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.

The base salary range for this role is

$235,000—$250,000 USD plus annual bonus to include both Short Term and Long-Term Incentive

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer, and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.