AIG Senior Counsel – Credit and Workouts in New York, New York
Senior Counsel – Credit and Workouts
The AIG Investments Legal Department is seeking a Junior Corporate Finance and/or Restructuring Lawyer for the position of Senior Counsel, resident in its New York office.
The Senior Counsel’s primary role will be to assist senior attorneys and advise AIG Investments, one of the world’s largest institutional fixed income investors, with the evaluation of proposed fixed income investments, as well as assistance with the management and resolution of investments that are or may become distressed.
Specific responsibilities will include:
Reviewing documents and instruments governing AIG Investments’ rights and remedies with respect to fixed income investments that are proposed for purchase in client accounts, as well as those that are or may become distressed;
Advising portfolio managers and credit analysts regarding investment terms and covenant protections to assist in the evaluation of potential and existing credit investments;
Advising AIG Investments in its capacity as a member of official or “ad hoc” creditor committees, in Chapter 11 cases and out-of-court workouts;
Ensuring compliance with all relevant fiduciary responsibilities, whether owed to AIG Investments’ clients, to a broader class of creditors, or otherwise;
Managing all aspects of relationships with outside counsel and other professionals representing AIG Investments;
Participating at a high level in the formulation and negotiation of reorganization plans, support agreements, bidding procedures and other section-363 sale documentation, DIP and exit financing arrangements, confidentiality undertakings, engagement letters, governance documents, shareholder agreements, and related agreements, and taking the lead on ensuring compliance with the terms and conditions of same;
Working closely and cooperatively with all AIG Investments business teams and the other AIG lawyers on stressed and distressed situations, workouts and restructuring matters, in order to promote effective and efficient process and ensure successful results;
Reporting to Associate General Counsel – Public Credit and Workouts and, on a periodic basis, the broader Legal Department, with regard to restructuring matters and new transactions; and
Contributing to the Legal Department’s broader goals and projects, and developing expertise in other credit-related legal matters.
Candidates must have a JD from a top law school and be admitted to at least one state bar (preferably New York).
Ideally 3 or more years of major law firm or relevant in-house experience, with a demonstrated focus on fixed income securities, lending transactions, capital markets, workouts, corporate restructurings and/or Chapter 11 reorganizations.
AIG Investments is particularly interested in candidates with a strong corporate legal background who exhibit intellectual curiosity and a keen understanding of corporate finance and credit markets.
Experience representing institutional investors in ad hoc creditor committees is a strong plus, as is familiarity with Article 9 of the Uniform Commercial Code and other sources of law.
Top academic credentials, excellent oral and written communication skills, a professional demeanor, maturity, judgment and poise are requirements for this position.
Candidates must be able to prioritize and handle multiple ongoing projects with short deadlines.
AIG Investments prides itself on fostering and maintaining a collegial, professional, friendly, creative, entrepreneurial and supportive work environment. This is a client-facing role that is integrated in many ways with the business; accordingly, through his or her example, the successful candidate will be expected to take ownership of, and help to promote, the firm’s positive culture.
About AIG Investments:
AIG Investments is a global, diversified investment management business, providing investment advisory and asset management services to American International Group, Inc. and its affiliates worldwide, as well as institutional third-party clients.
The AIG Investments Legal Department provides legal services and advice to AIG Investments’ business teams worldwide.
AIG Investments and AIG are Equal Opportunity Employers.
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
LG - Legal, Regulatory & Gov't Affairs
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP
We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.