AVP, Product and Regulatory Counsel at Sompo International

Purchase, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

18 Jul, 26

Salary

175000.0

Posted On

19 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal writing, Policy drafting, Regulatory compliance, Analytical reasoning, Problem-solving, Attention to detail, Organizational skills, Time management, Communication skills, Insurance law, Property and casualty insurance, Contract review, Risk management, Legal research, Client service

Industry

Insurance

Description

Job Description Are you looking for your next opportunity? Sompo has a unique opportunity for an AVP, Product and Regulatory Counsel to provide legal support to the North America Insurance Property and Casualty underwriting teams. This role will be responsible for drafting policy forms for new and existing products and providing advice to casualty and property underwriters and management on legal matters. Location: This position will be based out of our Morristown, NJ or New York City office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers. Our business, your impact, our opportunity: What you’ll be doing: Draft property and casualty policy forms and endorsements. Advise underwriters regarding property and casualty policy terms, coverage issues, and related legal issues. Assist underwriters in the negotiation of product coverage terms. Review and approve legal documents such as non-disclosure agreements (NDAs) and warranty statements. Collaborate with various functional areas across the organization, including underwriting, claims, risk control, actuarial, legal, marketing, and regulatory compliance in creating products. Provide product-related regulatory and compliance support. Identify opportunities for, and contribute to, continual improvement of team processes. Other duties as determined by management. What you’ll bring: Juris Doctor degree required. Minimum of five (5) years of relevant experience at an insurance company or combination of in-house and law firm experience. Knowledge of ISO, AAIS and/or NCCI Products preferred. Outstanding legal writing skills. Candidates may be asked to provide a writing sample. Excellent analytical reasoning and problem-solving skills. Exceptional attention to detail. Strong organizational and time management skills. Ability to make decisions with limited information. Excellent spoken and written communication skills, including the ability to communicate effectively to both technical and non-technical audiences. Property and casualty policy form drafting experience is a plus. Regulatory expertise relating to product filings and state required policy provisions is a plus. Ability to work independently and as part of a cross-functional team. Strong commitment to providing superior client service. Salary Range: $130,000 – $175,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience. At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs: Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution Pharmacy benefits with mail order options Dental benefits including orthodontia benefits for adults and children Vision benefits Health Care & Dependent Care Flexible Spending Accounts Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children Company-paid Disability benefits with very competitive salary continuation payments 401(k) Retirement Savings Plan with competitive employer contributions Competitive paid-time-off programs, including company-paid holidays Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits In today’s world, what do we stand for? Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo. Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age. We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™. “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange. To learn more please follow us on LinkedIn or visit sompo-intl.com.

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Responsibilities

The AVP will draft property and casualty policy forms and provide legal advice to underwriting teams regarding coverage and regulatory matters. They will also collaborate across functional areas to ensure product compliance and support the negotiation of coverage terms.