Assistant, General Counsel

Position Summary:

Position is responsible for serving as legal counsel for Homestead Advisers Corp. (registered investment adviser), Homestead Financial Services Corp. (broker-dealer), and the Homestead Funds (family of 10 mutual funds) (collectively, the “Company”). Serves as the internal legal expert regarding regulatory matters and Company contracts. Serves as the Board Secretary for Homestead Advisers and Homestead Funds.

Essential Duties and Responsibilities:

• Leads and manages multidisciplinary projects alongside the CEO, CFO, CCO and COO of NRECA on behalf of the Company. Serves as the internal legal counsel for new initiatives and products.
• Ensures compliance with new regulatory requirements. Proactively works with colleagues to provide training and education and serve as a resource for regulatory questions.
• Leads the preparation, review and filing of the Company’s regulatory filings. Responsible for maintaining the regulatory filing calendar, coordinating with outside counsel and third parties, and ensuring the completeness and accuracy of the filings.
• Keeps current on SEC, FINRA, and financial industry rules, regulations, risk alerts, guidance and enforcement actions. Analyzes and recommends approach and amendments to applicable policies and procedures. Proactively works with the CCO in the successful adoption of amended policies and procedures.
• Leads the development of board and committee agendas, conversations with the board chair and Fund officers. Coordinates with outside counsel on the drafting of board resolutions. Ensures the proper notice of meetings and oversees the preparation and delivery of the board materials.
• Drafts and/or reviews Company board minutes, including coordinating with outside counsel and board officers.
• Presents to the Company on regulatory matters, including but not limited to proposed/adopted rules and regulations, resolutions for adoption, amended policies and procedures, and board minutes.
• Works closely with CCO on compliance policies and procedures and other legal and regulatory matters.
• Reviews incoming contracts and coordinates with Company stakeholders. Leads and/or supports negotiations of contracts and ensures ongoing adherence to the contract terms.
• Develops and maintains the Company’s “Form of” contracts for shareholder servicing and investment advisory contracts based on business needs, industry trends and regulatory requirements.
• Represents the mutual funds on the SEC rules committee with the Investment Company Institute, the trade association for mutual funds.
• Effectively communicates activities and pertinent information covering areas of responsibility, both internally and externally, in writing and orally, as appropriate, to senior leaders, management and the mutual funds’ board of directors.
• Responsible for the proper security and disposal of any confidential information that he or she may possess in the course of performing this position’s job duties, in accordance with NRECA’s Personnel & Administrative Policy and HIPAA Privacy and Security Policies & Procedures Manuals.

Direct Reports to this Position:

N/A

Qualifications

Formal Education Required: Juris Doctorate

Experience and Certifications:

• 5+ years of experience with mutual funds and/or investment advisers and broker-dealers applying U.S. federal securities laws, including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934.
• Member of state bar (any state) in good standing.
• Experience working at a law firm or in-house position specializing in U.S. federal securities laws (preferred).

FLSA Status: Exempt

Knowledge, Skills and Abilities Required (as demonstrated by prior work experience):

• Advanced knowledge of the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934.
• Ability to conduct legal analysis and research.
• Ability to be persuasive, negotiate, and collaborate with individuals at all levels inside and outside of the organization.
• Ability to manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail.
• Ability to lead highly visible multidisciplinary project/program teams or initiatives and provide leadership as the authority in a specialized field.
• Ability to effectively interact with others and work in a team environment and providing follow-up when needed.
• Ability to communicate, both verbally and in writing, with a diverse membership, employees and/or vendors in a clear and precise manner.

Essential Physical Requirements:

• The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading.
• Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.

Disclaimer Statement: The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.

Additional Requirement:

The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

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