Associate Counsel

Axcelus Financial; Philadelphia (Philadelphia County); On-site; USD 80,000 - 110,000; Full time

Job summary

A leading financial services company in Philadelphia is seeking an Associate Counsel to provide comprehensive legal support. The role involves interacting with various business units and ensuring compliance with regulations. Candidates should have 2-5 years of relevant legal experience, a Juris Doctor degree, and strong communication skills. This position offers the opportunity to work on a variety of legal matters including drafting contracts and providing counsel on regulatory requirements.

Qualifications

• 2 to 5 years of relevant experience in a law firm or in-house law department.
• Active admission to the Bar of at least one US jurisdiction.
• Regulatory background preferred, knowledge of variable insurance products.

Responsibilities

• Provide legal support on insurance product matters.
• Negotiate agreements and draft contracts relevant to operations.
• Ensure compliance with state and federal laws.

Skills

Legal research and analysis

Communication skills

Creative problem-solving

Education

Juris Doctor degree from an ABA-accredited law school

Job description

The Associate Counsel will be responsible for providing legal support on a wide variety of matters, including insurance product matters, broker-dealer regulation, ongoing maintenance of insurance regulatory requirements, and general commercial and advisory counsel to clients. This position interacts with fellow in-house legal personnel as well as multiple Axcelus Financial business units. Prior experience in regulated financial industries, particularly insurance or broker-deal regulation, is a plus. This position is based in Philadelphia, PA and reports to the SVP & Deputy General Counsel as a member of the Legal Department.

Responsibilities

• Perform research and analysis and provide advice on a wide array of legal matters that may arise
• Provide comprehensive solutions to complex problems or needs including negotiating agreements and drafting contracts for complicated services and relationships related to Axcelus Financial’s insurance and broker-dealer operations
• Responsible for ensuring compliance with state and federal laws and regulations across the organization and with contracted partners
• Analyze changes to regulatory requirements and proactively manage regulatory developments
• Provide counsel and advice to various business units including Axcelus Financial’s Bermuda affiliates
• Draft and negotiate business arrangements in support of the marketing and sale of complex products
• Draft and maintain insurance product offering materials in support of Axcelus Financial’s variable insurance products
• Review and provide analysis relating to private investment funds offered as investment options under Axcelus Financial’s variable insurance products
• Responsible for demonstrating excellent communication and drafting skills and responsibilities, such as the ability to handle multiple matters and to move between different substantive areas of the law
• Completes special projects specific to the function of the department or as needed for the department
• Other duties as assigned within the scope of position expectations

Skills & Experience

• 2 to 5 years of relevant experience in a law firm and/or an in-house law department
• Juris Doctor degree from an ABA-accredited law school
• Active admission to the Bar of at least one US jurisdiction, and eligibility for Pennsylvania Limited In-House Corporate Counsel License if not admitted to the Pennsylvania Bar.
• Regulatory background preferred
• Knowledge of variable insurance products and/or private investment securities industry, as well as insurance industry compliance issues, is a strong plus
• Commercial contract negotiation experience is a plus, but not required
• Experience using artificial intelligence applications and emerging legal technology tools is a plus, but not required
• Corporate M&A exposure is a plus, but not required
• Must have the ability to competently manage multiple projects and transactions; project management skills, strong personal accountability, follow-up and initiative
• Excellent communication skills (oral, written and presentation)
• Creative problem-solving ability and the ability to balance business and legal needs
• Strong interpersonal and collaboration skills
• Mental agility and adaptability
• Ability to set priorities and meet multiple deadlines
• High attention to detail
• Experienced user of standard office and regulatory software

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.