Jobs · New Jersey

AVP, Product and Regulatory Counsel

Sompo · Morristown, NJ · 1 mo ago
Hybrid$130k–$175k/yrFull-time

Location: Morristown, NJ; Purchase, NY; New York City, NY; or Garden City, NY office.

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.

Qualifications

  • 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.
  • Property and casualty policy form drafting experience is a plus.
  • Regulatory expertise relating to product filings and state required policy provisions is a plus.

Skills

  • 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.

Pay

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.

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.

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