Position Summary
Assured Guaranty is seeking an experienced attorney to join the Public Finance Legal team. This is an opportunity to work on providing financial guaranty insurance for a variety of public finance transactions in all 50 states. The attorney will be primarily responsible for providing transactional legal support to Assured Guaranty’s U.S. Public Finance business. Additionally, the attorney will be responsible for general legal support for Assured Guaranty, as directed by the Deputy General Counsel, Public Finance and/or the General Counsel.
Job Responsibilities
- Analyze relevant laws and regulations affecting public finance transactions.
- Draft and review a wide variety of documents related to public finance transactions.
- Negotiate transactions with internal and external clients and other parties.
- Provide legal counsel and advice to underwriting and credit teams.
- Manage legal aspects across the entire lifecycle of transactions from development of preliminary bids to closing.
- Assist with post-closing matters related to the insured portfolio including review, negotiation and documentation of consents and waivers.
Candidate Background & Qualifications
- A minimum of six (6) years of relevant major law experience in public finance transactions (or the equivalent experience working at a combination of major law firms and/or law departments in major financial institutions).
- J.D. degree from an accredited U.S. law school.
- Admitted to and a member in good standing of the New York Bar or a member in good standing in a jurisdiction with reciprocity with New York and able to waive into the New York Bar.
- Ability to work a hybrid schedule with required in-office days in New York City as required by Assured Guaranty from time to time.
- Extensive technical legal knowledge in the public finance sector and in-depth industry knowledge, including familiarity with the major players in the industry and an understanding of terminology and resources.
- Exposure to complex transactions including, without limitation, health care, private higher education, housing and non-profit corporation financings is a plus.
- Experience with distressed credit and restructuring matters is a plus.
- Team player who can contribute and develop expertise in multiple areas with limited guidance.
- Ability to handle multiple and varied transactions simultaneously and efficiently and to thrive in a fast-paced environment.
- Strong analytical ability, meticulous attention to detail, and excellent communication and writing skills.
Compensation
Annual base salary for the position is expected to be from $260,000 per year to $290,000 per year. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position also provides applicable employee benefits, as well as eligibility for an annual discretionary bonus.
What We Do
Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee timely payment of scheduled principal and interest when due on municipal, public infrastructure and structured financings. Issuers use our financial guarantees to lower their cost of funds, broaden distribution and diversify funding sources. For more than three decades, our insurance subsidiaries have helped to lower the cost of borrowing for municipalities and other issuers across the United States by guaranteeing a wide range of tax-exempt and taxable, investment-grade, municipal bonds that are supported by either tax revenues or revenues from essential public projects or services. From schools to clean water, from transportation projects to hospitals and more, we help municipalities build sustainable public infrastructure and better serve their residents, including their underserved and at-risk communities.
We are also active in the United Kingdom, Europe, Australia and other developed countries, where we guarantee public-private partnership, local authority and regulated utility financings. In structured finance, globally, we guarantee asset securitizations and craft custom applications of our guarantees to assist our institutional clients in managing their portfolio risk and capital. For investors, our value proposition includes not only the security of our unconditional, irrevocable guaranty but also our experienced credit selection, underwriting and surveillance. Our business model has proven its resilience through multiple business cycles, and we have demonstrated our commitment to maintaining the financial strength to protect our policyholders for the life of their insured investments.
In addition, our subsidiary Assured Investment Management LLC provides alternative investment management and advisory services to institutional and other qualified investors through our investment arm and offers a variety of credit-focused strategies and structured finance solutions.
