Job Description
Associate General Counsel - Bankruptcy & Insolvency
Join to apply for the Associate General Counsel - Bankruptcy & Insolvency role at Freddie Mac
Associate General Counsel - Bankruptcy & Insolvency
1 week ago Be among the first 25 applicants
Join to apply for the Associate General Counsel - Bankruptcy & Insolvency role at Freddie Mac
At Freddie Mac, our mission of Making Home Possible is what motivates us, and its at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview: We are looking for an experienced creditor side bankruptcy/insolvency attorney with both transactional and litigation experience, who is comfortable working independently, multi-tasking and thinking on their feet on all aspects of bankruptcy/insolvency law. The incumbent will primarily be responsible for counseling the company (including its Single Family, Multifamily and Investment & Capital Markets divisions) and representing its interests in sophisticated bankruptcy and insolvency matters, complex commercial litigation, collection activity, receiverships, and other financial concerns.
This position will provide an outstanding opportunity to work in a vibrant and collegial corporate legal office dedicated to supporting Freddie Macs core mission of helping to make homeownership and rental housing more accessible and affordable across the nation. To learn more about the role and our excellent benefits, please apply!
Our Impact: The Legal Division is committed to providing quality, proactive and timely advice and representation responsive to client needs on a variety of matters affecting Freddie Mac.
Your Impact: In your role as an attorney on the Litigation & Asset Resolution Team, you will:
- Advise internal clients on legal risks relating to the companys business, particularly those relating to bankruptcy, insolvencies, complex commercial litigation, receiverships, and other financial concerns;
- Actively manage outside counsel and drive case strategy (and, where applicable, represent and appear on behalf of Freddie Mac in bankruptcy/insolvency, receivership, and similar proceedings);
- Participate in the drafting of complex agreements and other documents that protect the companys interests in potential bankruptcies, insolvencies and receiverships;
- Conduct legal research as needed;
- Understand Freddie Macs business, particularly its Single-Family Seller/Servicer Guide (including knowledge of the representations, warranties, covenants and legal remedies), Multifamily Seller/Servicer Guide and various other agreements, as may be required or assigned;
- Work closely with other departments within the Legal Division to advise clients on bankruptcy- and insolvency-specific issues;
- Set policy as to the Companys response to bankruptcies, insolvencies and FDIC or other receiverships.
Qualifications: - Juris Doctor (JD) degree
- Membership in good standing in a state Bar
- Typically 10+ years relevant experience with a top tier law firm or in-house at a bank, financial or other institution with a sophisticated real estate and investment portfolio
- The incumbent should have experience working on true sale and substantive non-consolidation opinions (or have litigated such issues previously) and experience litigating, or otherwise applying, the safe harbor provisions of the Bankruptcy Code as applied to complex transactions and/or structured financings of a high dollar value.
- The incumbent should have experience representing large financial institutions in bankruptcy proceedings and complex adversary proceedings for claims with a high dollar-value (including a deep familiarity with section 363 sales and section 365 assumption/assignment issues, as well as with secured lending/UCC issues).
- Must be comfortable regularly advising senior-level management.
- Experience with non-bank servicer chapter 11 bankruptcies, chapters 7, 12 and 13 bankruptcies, FDIC receiverships and insurance insolvencies are a plus.
- Experience with the secondary mortgage market, commercial real estate transactions, and Freddie Macs Single Family and Multifamily businesses are also a plus.
Keys to Success in this Role: - Excellent analytical, strategic, legal research, oral and written communications and advocacy skills;
- Self-motivation, ability to handle pressure with grace, dedication to learning and creative problem-solving skills;
- Ability to develop and maintain positive relationships with clients and colleagues and effectively deliver legal advice to non-lawyers;
- Ability to effectively manage numerous issues across multiple areas and set priorities independently;
- Intellectual curiosity;
- A dedication to fostering a collegial, diverse and inclusive environment.
Current Freddie Mac employees please apply through the internal career site. We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the
Los Angeles County Fair Chance Ordinance for Employers and the
California Fair Chance Act. Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $224,000 - $336,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
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