Job DescriptionSompo has a unique opportunity for an
AVP, Claims Counsel in our
Cyber Media & Technology Claims team.
This position will complement the existing professional liability claims team that supports the U.S Sompo Financial Lines business unit. The successful candidate will be able to provide insight and analysis on complex high profile/high exposure Cyber Media & Technology claims.
Location: This position may be based out of our
New York, NY, Morristown, NJ, Garden City, NY, Purchase, NY, Chicago, IL or Alpharetta, GA office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you'll be doing:
- Proactively manage complex Cyber, Media & Technology claims from inception through resolution, including coverage, liability, and damages analysis.
- Identify key exposures and claim trends impacting the portfolio and provide written assessments to the SompoPro business unit.
- Respond to coverage questions and support problem resolution for the SompoPro underwriting team and senior management.
- Draft and contribute to Professional Lines policy language and related documentation.
- Represent the Company at client meetings, mediations, external meetings, industry events, and conferences, including potential speaking or publishing opportunities.
- Collaborate with global claims colleagues, underwriting, and other functional groups on complex claims, strategic projects, and other duties as required, including travel as needed.
- Some Travel Required
What you'll bring:
- JD required with ideally a minimum of 8 years of Cyber, Media & Technology claims experience, including increasing responsibility at an insurance company and/or law firm.
- Proven experience directly handling primary and excess Cyber, Media & Technology claims.
- Strong ability to analyze coverage, liability, damages, exposures, and claims issues.
- Experience attending mediations, negotiating settlements, and drafting Professional Lines policy language.
- Ability to build strong working relationships with underwriting, actuarial, legal, and other business partners.
- Excellent communication, presentation, analytical, organizational, client service, and computer skills, including MS Office and claims systems experience.
Salary Range: $145,000 to $195,000. 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.
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
