Reinsurance Attorney

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#! Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

We are seeking a highly skilled and experienced Associate General Counsel – Reinsurance to manage and oversee the legal aspects of our reinsurance business line, with a focus on reinsurance, mergers and acquisitions (M&A), and other strategic transactions. This is an exciting opportunity to play a key role in the growth and strategic direction of our reinsurance portfolio, providing legal expertise and guidance across various high-value transactions and agreements. This role reports to the Chief Legal Officer and is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

You will be part of a dynamic and growing organization at the forefront of the reinsurance industry, collaborate with a talented and supportive team of professionals and gain exposure to complex and high-impact legal matters that drive business success.

Reinsurance/Transactions Management:

• Lead and oversee the legal aspects of the company’s reinsurance operations, including the negotiation, drafting, and interpretation of reinsurance agreements.
• Provide legal advice on reinsurance market trends, regulatory compliance, risk management, and emerging legal issues in the reinsurance industry.
• Work closely with internal stakeholders to assess legal risks, opportunities, and strategies within the reinsurance portfolio.
• Provide legal support for M&A transactions, including due diligence, structuring, negotiation, and documentation.
• Advise on regulatory approvals and compliance issues related to transactions in the reinsurance and insurance sectors.
• Draft, negotiate, and manage ancillary agreements that support reinsurance operations, including broker agreements, service contracts, trust agreements, and other commercial arrangements.
• Ensure that ancillary agreements comply with regulatory standards and mitigate legal and operational risks.

Legal Strategy and Risk Management:

• Develop and implement legal strategies that align with business goals and mitigate risks associated with the reinsurance business line.
• Advise on potential litigation risks or disputes arising from reinsurance transactions and work with the litigation team to manage any legal proceedings.
• Stay current on industry regulations, developments, and best practices related to reinsurance, M&A, and ancillary agreements.
• Draft, negotiate and advise on commercial contracts, including vendor contracts, non-disclosure agreements and other general corporate contracts
• Advise on corporate and legal entity expansion and restructuring options
• Assist with other strategic initiatives as necessary
• Preparation of transaction-related materials for board, regulator, rating agency and other stakeholder review

Cross-functional Collaboration:

• Work closely with business leaders, finance, compliance, and operational teams to ensure effective legal and business decision-making.
• Provide legal counsel and support to other departments as required

What We Provide:

• Salaried, DOE
• Full-Time
• Full Benefits Package Available

What We Believe:

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• Law degree and member in good standing of a State Bar
• 5 years of relevant transactions experience with a law firm or as in-house counsel
• Experience with and/or deep interest in insurance and reinsurance
• Demonstrated commitment to excellence in the provision of legal advice
• Strong analytic and problem-solving skills
• Collaborative approach
• Ability to work effectively in a high-pressured and fast-paced environment
• Excellent communication and interpersonal skills
• Ability to demonstrate flexibility handling multiple projects, both large and small, while maintaining a high level of detail-orientation
• Superior judgment