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.