The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America's electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:
* Top Workplace by the Washington Post * 100 Best Places to Work - ComputerWorld Magazine * 50 Best Places to Work - The Washingtonian * CARE Award Recipient - Recognizing organizations that promote a positive work-life balance * Best Place to Work Award Recipient - Lincoln, NE * Gold Well Workplace - Wellness Councils of America * State of NE Governor's Wellness Award - Grower Level
At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person's overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data
Summary Counsel, Securities Compliance P.4
Position Summary: Responsible for overseeing the regulatory filings for RE Advisers Corporation, RE Investment Corporation, Homestead Funds, Inc., and Homestead Funds Trust (together the "Funds") (collectively, the "Companies"). Serves as the internal legal expert regarding regulatory matters and contracts entered into by the Companies. Serves as the Funds' Board Secretary.
Essential Duties and Responsibilities:
Proactively works with the Companies' Chief Compliance Officer to perform the duties and responsibilities of the position.
Leads the preparation, review and filing of the Companies' regulatory filings by deadline.
Responsible for maintaining the regulatory filing calendar, coordinating with outside counsel and third parties, and ensuring the completeness and accuracy of the filings by deadline.
Leads multidisciplinary projects and serves as the internal legal expert in ensuring compliance with new regulatory requirements. Proactively works with colleagues to provide training and education and serve as a resource for regulatory questions.
Keeps current on SEC, FINRA, and DOL rules, regulations, risk alerts, guidance and enforcement actions. Analyzes and recommends approach and amendments to applicable policies and procedures.
Maintains the Companies' corporate policies and procedures.
Leads the development of board and committee agendas based on the compliance calendar, conversations with the board chairman and Funds officers. Coordinates with outside counsel on the drafting of board resolutions. Ensures the proper notice of meeting and oversees the preparation and delivery of the board materials. Ensures that the board and committee minutes are drafted, reviewed, and approved at the next scheduled board or committee meeting.
Reviews incoming contracts and coordinates with the Companies stakeholders to produce redline responses. Supports negotiations of contracts and 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 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 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
Requirements and Qualifications
Formal Education Required: Juris Doctorate
Experience and Certifications Required: Five to seven years of experience with mutual funds and/or investment advisers and applying the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1933 to regulatory filings and an overall compliance program.
Must be licensed to practice law in Virginia or eligible to register as corporate counsel consistent with the Rules of the Supreme Court of Virginia Part 1A, Rule 1A:5 governing Virginia Corporate Counsel & Corporate Counsel Registrants.
Knowledge, Skills and Abilities Required:
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 1933 as demonstrated by prior work experience.
Ability to conduct legal analysis and research as demonstrated by prior work experience.
Ability to be persuasive, negotiate, and collaborate with individuals at all levels inside and outside of the organization as demonstrated by prior work experience.
Ability to manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail as demonstrated by prior work experience.
Ability to communicate, both verbally and in writing, with employees and/or vendors in a clear and precise manner as demonstrated by prior work experience.
Ability to lead highly visible multidisciplinary project/program teams or initiatives and provide leadership as the authority in a specialized field as demonstrated by prior work experience.
Ability to effectively interact with others and work in a team environment and providing follow-up when needed as demonstrated by prior work experience.
Ability to use Microsoft Office tools (Excel, Word, Outlook, PowerPoint) in the day-to-day essential duties of the job as demonstrated by prior work experience.
Ability to operate various office equipment such as personal computer, copier, printer, fax machine or other job-related equipment as demonstrated by prior work experience.
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; 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.