AVP, Product and Regulatory Counsel

About the position

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 / Purchase, NY / New York City / Garden City, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Responsibilities

• 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.

Requirements

• 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.
• 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.

Nice-to-haves

• Knowledge of ISO, AAIS and/or NCCI Products preferred.
• 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.

Benefits

• 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.