So my idea is simple. Put Race Creation. before sovereign creation or combine them into one process.
Race creation should really be combined with your sovereign creation because its easier to envision your ruler, after you make your people. Also, a secondary benefit would be that you could make your sovereign part of your race- once your race is made you could just hit a button, and change your sovereign to look like your race guy, and from there you could customize him. Not only that, you could (this is an optional ad-on to the idea) combine your points (so you could donate points from character creation to race creation and vice versa.
If that's too much to ask for, would it be possible to have them reversed at least? This way you can still do a little of the above (transfer points left over from your sovereign to your race and importing your race to make your sovereign). It just make more sense the other way around.
PS- If you want to play a good drinking game, have a drink every time you read the word sovereign in the above post.