Assistant General Counsel - Fund Services

Assistant General Counsel – Fund Services

Founded in2002 and based in Austin, TX, SALI Fund Services ("SALI") a JTC Group Company, delivers a turn-key solution for the creation and administration of Insurance Dedicated Funds ("IDFs") and separately managed accounts ("SMAs"). Our innovative platform enables investment managers to create tax-compliant IDFs and SMAs that seamlessly integrate with insurance company Private Placement Variable Annuity and Private Placement Life Insurance account platforms.

SALI serves a diverse group of clients, from boutique hedge funds to the world’s largest wealth management institutions. Currently, we administer over 250 IDFs and SMAs, collectively representing more than $30 billion in assets. As a fund administrator, SALI is dedicated to providing white-glove service, industry expertise, and operational excellence for every client engagement.

The Assistant General Counsel at SALI will play a key role in advising on a wide range of legal issues affecting the firm and its private funds. This position will focus on private fund formation and structuring, including responsibility for drafting and reviewing offering documents. The role also requires expertise with the Investment Advisers Act of 1940, as well as broad support on regulatory, compliance, and operational matters.

MAIN RESPONSIBILITIES AND DUTIES

• Draft, review, and negotiate private fund formation documents, including private placement memoranda, limited partnership agreements, subscription documents, and service provider contracts.
• Provide legal support throughout the fund formation, launch, and capital raising process, collaborating closely with business and operations teams.
• Advise on ongoing fund management matters, including transactional support, side letters, investor communications, co‑investment arrangements, and relevant regulatory filings.
• Research, interpret, and ensure compliance with the Investment Advisers Act of 1940 ("Advisers Act") as it pertains to investment vehicles, operations, exemptions, and regulatory status. Preference will be given to candidates with prior experience with the Investment Company Act of 1940 ("’40 Act") and the Commodity Exchange Act of 1936 ("CEA").
• Support all aspects of U.S. and global regulatory compliance, including SEC, CFTC, AML/KYC and other applicable regimes.
• Assist with LSTA- and LMA‑financing and ISDA- and GMRA master trading documentation.
• Monitor and advise on changes in the legal and regulatory landscape impacting private funds, advisers, and the broader industry.
• Work with outside counsel as needed on specialized matters or cross‑border issues.
• Support broader legal and compliance initiatives for the firm as assigned.

ESSENTIAL REQUIRMENTS

• J.D. from an accredited law school and admission to practice in at least one U.S. jurisdiction.
• 4–8 years of legal experience, either in‑house at an asset management firm or with a top law firm advising private fund clients.
• Significant experience drafting and negotiating private fund offering and governing documents.
• Demonstrated expertise with U.S. securities laws and regulations governing funds and advisers, including the Securities Act of 1933, the Securities Exchange Act of 1934 and the Advisers Act and related regulatory matters. Preference will be given to candidates with prior experience with CEA and ’40 Act.
• Strong project management, analytical, and communication skills.
• Ability to work collaboratively across business, operations, and compliance teams in a fast‑paced environment.
• Transactional experience with syndicated loans, derivatives and prime brokerage is a plus.

OUR COMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organization where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee well-being so that people feel equipped to thrive.

Whether you are just starting out or seeking new challenges, JTC offers an environment where you can grow, develop, and succeed at every stage of your career.