Apply on Employer Site

Sompo · 1 day ago

AVP, Product and Regulatory Counsel

New York, NY

Full-time

Onsite

Mid, Senior Level

$130K/yr - $175K/yr

5+ years exp

Sompo is a company focused on providing legal support to the North America Insurance Property and Casualty underwriting teams. The AVP, Product and Regulatory Counsel will be responsible for drafting policy forms, advising underwriters on legal matters, and collaborating across various functional areas to ensure compliance and product development.

Health InsuranceInsuranceRisk Management

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

Qualification

Juris Doctor degreePropertyCasualty policy draftingISO knowledgeRegulatory expertiseLegal writing skillsAnalytical reasoningClient service commitmentAttention to detailOrganizational skillsTime managementCommunication skills

Required

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

Ability to work independently and as part of a cross-functional team

Strong commitment to providing superior client service

Preferred

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

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