What are the responsibilities and job description for the Assistant General Counsel, Reinsurance Transactions position at Global Atlantic Financial Group?
The Assistant General Counsel, Reinsurance Transactions will provide legal and strategic advice for Global Atlantic’s growing and dynamic insurance transactional business. The Vice President will work directly with the Institutional Markets business team in New York, Connecticut, and Bermuda, as well as colleagues throughout the Legal team and in other Global Atlantic functional areas, 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 will include:
- Negotiate transactions, including drafting a wide range of transactions documents and supervising outside counsel, between Global Atlantic and third-party insurance companies. Types of transactions include, without limitation, block and flow reinsurance of annuities and life contracts and pension liabilities and retrocessions to Global Atlantic’s Bermuda affiliated reinsurers
- Serve as strategic legal advisor on multibillion dollar(re)insurance transactions, interacting directly and regularly with Global Atlantic's industry-leading institutional markets insurance business teams and legal colleagues, as well as members of the C-suite
- Serve as go-to advisor on regulatory matters (both U.S. and non-U.S.) affecting Global Atlantic’s (re)insurance business
- Lead coordination of various Global Atlantic functional are as in order to advise on and facilitate business initiatives
- 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 life/annuity reinsurance transactions
- Experience with pension risk transfer transactions
- Familiarity with the Model Holding Company Act a plus
- 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, including to Bermuda
Applicants must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States.
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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’s base salary range is 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.
Salary : $235,000 - $250,000
