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Security Benefit, through its life insurance and related subsidiaries, is a leading issuer of insurance retirement products, including fixed, fixed indexed and variable annuities. The Company offers its products through independent distributors across the United States. Over the last several years, the Company has more than tripled its assets under management to approximately $40 billion, while strongly increasing profitability and strengthening its financial condition. Security Benefit plans to continue to grow, profitably, and further strengthen its financial condition over the next 5 years.
The position will serve the legal needs of the Company’s Investment Department, will involve significant and direct counsel to the Chief Investment Officer, deputies overseeing certain portions of the investment portfolio, and the senior leaders of the derivatives and investment operations teams within the Department and will report to the Vice President & Associate General Counsel of Security Benefit Life Insurance Company. The work will involve, among other things, (1) significant and frequent transaction negotiation and documentation, (2) counseling Investment Department personnel on state and federal law applicable to the portfolio and transactions being considered, (3) maintaining and monitoring investment governance documentation, policies, and procedures, including associate training, (4) counseling and serving as secretary to the Company’s Investment Committee, (5) working with the Company’s accountants to ensure that investments are accounted for and reported properly, (6) collaborating with the legal and business teams of Eldridge Industries, Security Benefit’s parent company, when jointly engaging in investment or financing transactions, and (7) responding to regulatory inquiries related to the Company’s investments.
Competitive in the market and commensurate with experience.
The position is located at the Company’s offices in New York, New York, and will sit with the members of the Investment Department who work from that location. Reasonable relocation assistance may be provided.
Consider joining our progressive team in our nationally recognized company. Visit the career section of our website at www.securitybenefit.com/careers to complete the online application and submit your resume. EOE
JD from accredited law school; strong academic background preferred
Member of the bar (any state) in good standing; ability, if not licensed in New York, to become licensed for in-house practice in New York or to become licensed through reciprocity
7-10 years of legal experience, including 5+ years advising on credit transactions, mergers and acquisitions or business transactions
Knowledge of and experience applying and advising on insurance laws as applicable to investments by insurers and insurance holding companies helpful
Exposure to derivatives and financial technology helpful
Commitment to producing excellent, practical, and solution-oriented legal work product and providing excellent, timely, and personable client service
Demonstrated high levels of intelligence and integrity and strong commitment to continuous professional development and improvement
Commitment to “giving back” to the local community
Key Attributes: smart; a quick study; good judgment; performance-driven; result and business-oriented; strategic, but also able and willing to effectively tackle details and tactical matters; proactive; creative; energetic; hard working; able to prioritize and handle multiple matters; good communicator with clients at all levels; strong negotiator and advocate, but without antagonizing counterparties; self-motivated; responsive; team-oriented (with other legal as well as business personnel); collegial; good listener; ethical; thorough; committed to learning applicable law and our business and to performing high quality work; and decisive (even in some cases absent perfect or necessarily complete information).
Security Benefit, through its life insurance and related subsidiaries, is a leading issuer of insurance retirement products, including fixed, fixed indexed and variable annuities. The Company offers its products through independent distributors across the United States. Over the last several years, the Company has more than tripled its assets under management to approximately $39 billion, while strongly increasing profitability and strengthening its financial condition. Security Benefit plans to continue to grow, profitably, and further strengthen its financial condition over the next 5 years.
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