Senior Counsel, Sotheby’s Financial Services

Sotheby's Institute of Art; New York (NY); On-site; USD 200,000 - 230,000; Full time

Benefits offered by this job

Discretionary bonus

Competitive benefits package

Job summary

Sotheby’s Financial Services is seeking a business-minded attorney to support the SFS U.S. legal team on loans backed by fine art assets and related financings. Based in New York City, you will draft, negotiate and close transactions, advise on structuring finance deals and help scale legal processes globally.

Ideal candidates have 5+ years of banking/finance law experience, a JD, and NY bar admission. Strong drafting, communication and multitasking skills are essential for this role.

Qualifications

• 5+ years of relevant legal experience, preferably in-house.
• Strong drafting, communication, analytical and interpersonal skills.
• Ability to multitask, prioritize and manage multiple projects in a fast-paced environment.

Responsibilities

• Draft, review and negotiate agreements including term loan and revolving credit facilities, security documents and guarantees.
• Provide legal advice on structuring finance transactions backed by art assets for clients across jurisdictions.
• Conduct due diligence and facilitate transaction closings.
• Contribute to playbooks, templates and operational best practices.
• Ensure policies and documents reflect negotiated terms and comply with laws.
• Partner to identify opportunities for process improvement and scalability.
• Lead trainings for business partners on legal issues.
• Negotiate with borrowers, outside counsel and counterparties.
• Provide additional legal support as directed by the General Counsel.

Job description

About Sotheby's

Established in 1744, Sotheby’s promotes access and ownership of exceptional art and luxury objects through auctions, private sales and retail. Our deep expertise across 70 selling categories is supported by a leading technology platform and a global network of specialists spanning 40 countries. Selling categories include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits and Design, as well as collectible cars and real estate through RM Sotheby’s and Concierge. Sotheby’s Financial Services is a leading art lender and provides capital solutions for collectors around the world, having originated more than $12 billion in loans since its inception. Sotheby’s new global headquarters is now open at the iconic Breuer building at 945 Madison Avenue in New York City.

About Sotheby's

Established in 1744, Sotheby’s promotes access and ownership of exceptional art and luxury objects through auctions, private sales and retail. Our deep expertise across 70 selling categories is supported by a leading technology platform and a global network of specialists spanning 40 countries. Selling categories include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits and Design, as well as collectible cars and real estate through RM Sotheby’s and Concierge. Sotheby’s Financial Services is a leading art lender and provides capital solutions for collectors around the world, having originated more than $12 billion in loans since its inception. Sotheby’s new global headquarters is now open at the iconic Breuer building at 945 Madison Avenue in New York City.

About Sotheby's Financial Services

Sotheby’s Financial Services, the only full-service art financing company, enables clients to unlock the liquidity in their fine art and collectible assets through technology and innovation. With the spirit of a fintech startup, the stability of a large established organization, and its position at the center of the art ecosystem, the SFS team unites around the goal of leading the future of art financial services. We have a bold and exciting journey ahead, and we can't wait to make it happen together.

THE ROLE

Sotheby’s Financial Services (SFS) is seeking a business-minded and self-motivated attorney to join its U.S. legal team. The attorney will be responsible for providing transactional and legal support to the SFS business, focusing on loans backed by fine art and collectible assets, consignor advances, as well as other transactional initiatives in the U.S. and abroad. This position is based in New York City.

Responsibilities

• Draft, review and negotiate various agreements, including term loan and revolving credit facilities, security agreements, collateral documents and guarantees.
• Provide legal advice to the SFS team on structuring finance transactions backed by fine art and collectible assets, including collectible cars, for clients in multiple jurisdictions.
• Conduct due diligence and facilitate transaction closings.
• Contribute subject matter expertise to the development of playbooks, templates, and operational best practices.
• Ensure that policies and procedures are followed and that all related documents reflect negotiated terms and comply with applicable laws and regulations.
• Partner internally to identify opportunities for process improvement, scalability, and enhanced service delivery.
• Lead trainings for business partners on legal issues.
• Participate in negotiations with borrowers, outside counsel and counterparties.
• Provide additional legal support that the business requires at the direction of the General Counsel.

Ideal Experience & Competencies

• 5+ years of relevant legal experience in banking/finance, with experience in an in-house legal department preferred.
• Bachelor’s Degree and JD. Admitted, active and in good standing with the New York State bar.
• Strong work ethic and ability to multitask, prioritize and manage numerous projects simultaneously in a fast-paced environment.
• Demonstrated commitment to responsiveness, accountability and timely follow-through, with the ability to manage stakeholder expectations and communicate proactively regarding priorities, timelines and legal risk.
• Strong attention to detail and quality of work product.
• Exceptional drafting, communication, analytical and interpersonal skills.
• Excellent business judgment and ability to assess legal risk while also thinking strategically and providing practical advice.
• Practical approach to legal drafting and problem solving and ability to translate legal issues into clear, "plain English" guidance for non-lawyers.
• Team player who will roll up their sleeves and take on additional responsibilities, while also being able to work independently and think strategically.
• Ability to work effectively with individuals at all organizational levels.
• Comfort working within, and demonstrates strong adoption of, established legal processes and technology platforms, including matter management, contract lifecycle management, workflow and reporting tools.

The proposed base salary for this position ranges from $200,000-$230,000. In addition to base salary successful candidates are eligible to receive a discretionary bonus, as well as a competitive benefits package. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, licensure or certifications obtained. Market and organizational factors are also considered.

Benefits

• discretionary bonus
• competitive benefits package

The Company is an equal opportunity employer and considers all applicants for employment without regard to race (including, without limitation, traits historically associated with race, such as natural hair, hair texture, and protective and treated or untreated hairstyles), color, creed, religion, sex, sexual orientation, marital or civil partnership/union status, national origin, age, disability, pregnancy, genetic predisposition, genetic information, reproductive health decision, sexual orientation, gender identity or expression, alienage or citizenship status, domestic violence victim status, military or veteran status, or any other characteristic protected by federal, state/province or local law. The Company complies with applicable state and local laws prohibiting discrimination in employment in every jurisdiction in which it operates.