VP, Delegated Authority Claims, Financial Lines

Are you looking for your next opportunity? Sompo has a unique opportunity for a VP, Delegated Authority Claims in our Financial Lines Claims team. This role will be responsible for managing delegated authority claims activity involving third-party administrators, program administrators, managing general agents, claims counsel, and other external partners handling claims on behalf of the company. The successful candidate will provide technical claims leadership, governance oversight, escalation management, and portfolio insight across professional liability, management liability, transactional liability, cyber, miscellaneous E&O, and related specialty financial lines programs. Location: This position may be based out of our New York, NY, Purchase NY, Garden City, NY or Morristown, NJ 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: Oversee delegated authority claims activity across assigned Financial Lines and specialty programs to ensure effective and compliant claims management.Manage and monitor TPAs, MGAs, program administrators, counsel, and other delegated claims partners for adherence to guidelines, service standards, authority levels, and regulatory requirements.Review complex, high-exposure, litigated, or escalated claims and provide strategic direction on coverage, reserves, litigation, settlement, and resolution.Evaluate partner performance through audits, file and bordereau reviews, referral tracking, quality assurance, and performance reporting, while ensuring timely escalation of high-risk matters.Develop and maintain governance frameworks, operating controls, reporting standards, audit procedures, and authority protocols for delegated claims programs.Partner cross-functionally and provide leadership by identifying trends and risks, delivering executive reporting, supporting partner due diligence, and helping build scalable oversight practices across the portfolio. What You’ll Bring 10+ years of progressive claims experience, with deep expertise in Financial Lines claims.Juris Doctor Degree requiredStrong technical knowledge of professional liability, management liability, D&O, E&O, EPL, transactional liability, cyber, and related specialty claims.Experience overseeing TPAs, MGAs, program administrators, delegated authority arrangements, panel counsel, and complex vendor governance frameworks.Demonstrated ability to assess coverage, liability, damages, reserves, litigation strategy, settlement posture, claim trends, and material exposures.Experience reviewing bordereaux, claim files, audit results, service-level performance, referral compliance, and claims data quality.Strong cross-functional collaboration and executive communication skills; Salary Range: $170,000 – $220,000. 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 contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefits Who We Are And What We Stand For At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.