Chief Legal Officer Insurance Asset Management

About the role

The Chief Legal Officer will join Kuvare’s internal asset management unit, which is tasked with managing Kuvare’s $40+ billion investment portfolio, including supervision and monitoring of external advisers. The successful candidate will be primarily responsible for supporting the internal asset management team in connection with the origination and management of debt and equity investment transactions, including deal sourcing and structuring, reviewing and negotiating transaction documents, and advising with respect to amendments, waivers and consents.  In addition, the Chief Legal Officer is responsible for (a) managing various corporate governance activities; (b) leading investment compliance activities, including drafting policies and procedures, and (c) advising on special projects, including M&A activity.  This is a dynamic, high-profile position for an attorney comfortable in a range of legal work associated with insurance asset management.  Compensation to be market competitive ($400-500k base, plus meaningful annual incentive opportunity).

What you'll do

• Supporting the asset management team to structure, negotiate and close private credit and equity transactions across a variety of asset classes, including corporate private placements, structured finance, and private equity and venture capital
• Reviewing and structuring proprietary products presented by Kuvare’s external advisors to enhance investor protections and maximize capital efficiency for insurance company balance sheets
• Assisting with the management of public and broadly-distributed private (e.g., Rule 144A) debt securities, including analyzing change of control protections, and reviewing tender offers, consents and other corporate actions
• Managing all legal and compliance aspects of Kuvare’s external investment advisor relationships, including negotiating investment management agreements, vetting new product offerings, overseeing guideline compliance, resolving conflicts and consent requests
• Overseeing the investments compliance function, including preparation and implementation of all investment compliance policies and procedures
• Reviewing and approving new investment transactions and amendments for the investment portfolio
• Maintaining the investment governance framework, including leading investment committee meetings
• Serving as internal workout and restructuring specialist with respect to distressed positions in the investment portfolio, overseeing special situation credits managed by Kuvare’s external investment managers, and participating in the Kuvare risk rating and impairment process
• Collaborating with the Director of Investment Risk Management and other internal functions to produce monthly investment risk reports for Kuvare’s Enterprise Risk Management team
• Reviewing and negotiating derivatives contracts for Kuvare’s domestic and Bermudan insurance entities
• Providing advice on investment advisory, insurance company regulatory, and other legal matters, and strategic guidance to Kuvare leadership regarding all investment related matters
• Performing legal research, as needed

Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Qualifications

• Juris Doctorate from an accredited law school
• Admitted to practice before a state bar
• 7+ years of relevant experience with a law firm or in-house at a financial institution, including subject matter expertise in one or more of the following areas: private placements and loan transactions; structured finance (including private ABS); private equity and other investment funds, rated note structures, commercial real estate loans, residential credit (including residential whole loans and single-family rental), and/or derivatives transactions.  The ideal candidate will also have a deep knowledge of/familiarity with investment advisory and/or insurance company investment regulations.
• Demonstrated leadership and managerial abilities
• Ability to effectively and efficiently manage outside counsel and internal budgets
• Superior verbal and written communication and presentation skills, and a strong executive presence
• Excellent organizational skills, and ability to complete projects and other assignments efficiently and timely
• Strong customer service orientation and business acumen
• Ability and desire to work in an environment that emphasizes information sharing, collaboration, teamwork, mutual respect and integrity