AVP, Product and Regulatory Counsel

Sompo; Purchase (NY); On-site; USD 130,000 - 175,000; Full time

Benefits offered by this job

Medical plans

Dental benefits

Vision benefits

401(k) retirement plan

Paid time off

Parental leave

Tuition reimbursement

Job summary

Sompo is seeking an AVP, Product and Regulatory Counsel to provide legal support to North America Insurance Property and Casualty underwriting teams. You will draft policy forms for new and existing products and advise underwriters and management on legal matters.

The role supports regulatory filings and product provisions, with collaboration across underwriting, claims, risk control, actuarial, legal, marketing and compliance. Location flexible among NJ/NY offices and hybrid options may apply.

Qualifications

• JD required; five or more years of relevant insurance experience preferred.
• Knowledge of ISO/AAIS and/or NCCI products is a plus.
• Outstanding legal writing; writing sample may be requested.
• Strong analytical, problem-solving, and attention to detail.

Responsibilities

• Draft property and casualty policy forms and endorsements.
• Advise underwriters on policy terms, coverage issues and legal matters.
• Assist in negotiating product coverage terms.
• Review NDAs and warranty statements.
• Collaborate with underwriting, claims, risk control, actuarial, legal, marketing and regulatory teams on product development.
• Provide regulatory and compliance support for products.
• Identify opportunities to improve team processes.
• Perform other duties as determined by management.

Skills

Legal writing

Analytical thinking

Attention to detail

Time management

Communication skills

Policy drafting

Regulatory compliance

Cross-functional collaboration

Education

Juris Doctor

Job description

Are you looking for your next opportunity?
Sompo has a unique opportunity for an

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, Purchase NY, New York City, or 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.

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.

Summary

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.