SBC is a privately-owned company purchased in 2010 by a group of investors led by Guggenheim Partners. Its insurance company subsidiaries have roughly $17 billion in assets under management, and its se 2 subsidiary has another $15 billion in assets under administration, principally in the form of life insurance policies and annuities issued or reinsured by third party insurance companies. Security Benefit is a leading provider of retirement plan services for approximately 170,000 accounts throughout the nation, primarily in the K-12 education marketplace. Its insurance company subsidiaries have issued and outstanding approximately 200,000 fixed, fixed indexed and variable annuities and are growing. se 2 is a leading provider of third party administration and remote software solutions with respect to the processing of life insurance policies and annuities with major life insurers as clients and a significant and growing pipeline of new business being launched and conversions of existing blocks of business in process and forthcoming. It has been recognized repeatedly as a leading technology company. We are seeking an Attorney to work closely with senior management of its se 2 subsidiary, reporting to SBC’s Senior Vice President, General Counsel and Secretary.
This position will report to Security Benefit Corporation’s (“ SBC’s ”) Senior Vice President, General Counsel and Secretary. It will principally work with senior management of the Company’s se 2 subsidiary with respect to its: (1) provision of business processing and remote software usage services for third party customers with respect to life insurance policies and annuities issued or reinsured by them; (2) other technology and insurance-related business services; (3) vendor relationships and agreements, principally software vendors; and (4) regulatory compliance. This is a new position occasioned by the growth of the Company’s se 2 business. It will be based at SBC’s, and se 2 ’s, headquarters in Topeka, Kansas.
Specific responsibilities of this attorney will include:
Advising and counseling se 2 ’s management, utilizing outside counsel and the Law Department’s Senior Legal Analyst, on customer relationships and agreements to furnish business processing services and remote software access services with respect, principally, to the processing life insurance policies and annuities for insurance companies. These are not infrequently sophisticated, 8-10 year agreements (and in the case of larger existing block transactions, 7 figures per year deals).
Advising and counseling se2’s management on relationships and agreements with vendors, including software and service vendors.
Advising se 2 ’s management on compliance with legal requirements and restrictions on their business activities and delivery of services.
Advising se 2 ’s management on special matters and issues as they may arise (e.g., responding to and addressing a privacy breach).
Advising se 2 ’s management on possible acquisitions.
Advising Guggenheim Partners (SBC’s parent) regarding technology and servicing aspects in connection with possible insurance industry acquisitions.
Assisting SBC’s governmental affairs function with respect to potential legal and regulatory developments as they may affect se 2 and its clients.
Assisting in monitoring, maintaining and implementing various corporate governance and risk management practices and policies with respect to se 2 .
Managing effective use, coordination, and oversight of outside counsel and other Law Department resources.
Developing a thorough understanding of and familiarity with complex law applicable to se 2 and its clients, and the operation of its and their businesses, products, markets, facilities, and distribution.
Establishing a solid rapport and working relationship with business unit managers to encourage and continue proactive use of in-house legal counsel.
Demonstrating a commitment to Security Benefit’s core values, including a commitment to “giving back” to the local community.
Experience: 8- 10+ years of high quality, business focused commercial and technology-oriented legal experience. Some experience providing legal counsel with respect to insurance, securities, or other financial services concerns or with managed and outsourced service offerings would be preferable, as would be some demonstrated degree of business sense and financial or accounting acumen, but such experience is not required. In-house experience is not required.
Base Qualifications :
§ J.D. from an accredited law school, very strong academic background, and active bar membership.
§ 8-10+ years of high quality, business-focused commercial and technology-oriented legal experience.
§ Meaningful experience providing legal counsel with respect to insurance, securities, or other financial services law and business or with managed and outsourced service offerings would be preferable, as would be some demonstrated degree of business sense and financial or accounting acumen, but such experience is not required.
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; decisive (even in some cases absent perfect or necessarily complete information and despite some risk); strong interest in and understanding of business technology and related issues; and strong belief in se2, its business, its strategy, its long-term goals, and its culture.
Consider joining our progressive team in our nationally recognized company. Visit the career section of our website at http://www.securitybenefit.com or www.se2.com to complete the online application and submit your resume.
SECURITY BENEFIT IS AN EQUAL OPPORTUNITY EMPLOYER AND ENCOURAGES DIVERSE CANDIDATES TO APPLY.
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