AVP, Product and Regulatory Counsel
Sompo · New York, NY · 1 mo ago
HybridMarketing$130k–$175k/yrFull-time
About the role
This position will be based out of our Morristown, NJ, Purchase NY, New York City, 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.
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.
- 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.
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