Job DescriptionSompo has a unique opportunity for a
Sr. Claims Counsel, EPL in our
US Employment Practices Liability ("EPL) Claims team.
This position handles Employment Practices Liability claims involving Commercial Management Liability and Financial Institutions Insureds and provides legal review and policy drafting support to Underwriting. The successful candidate will be able to provide insight and analysis on complex high profile/high exposure US EPL claims.
Location: This position will be based out of any of our Sompo USoffice locations. We strive for collaboration which is why we offer a work environmentwhere our employees thrive and develop long lasting careers.
What you'll be doing:- Manage US Employment Practices Liability (EPL) claims, related systems, and processes, while evaluating exposures and making substantive claim decisions across EPL and other business lines.
- Provide coverage, liability, and damages analysis for EPL claims, with general knowledge of Director and Officer (D&O) liability claims and identify trends/exposures affecting CML or FI portfolios.
- Support underwriting through legal reviews, policy drafting, and timely reporting of exposures to underwriting and management.
- Prepare and distribute accurate narrative and arithmetic reports in a timely manner.
- Collaborate with the Global Claims Team on projects, including attending industry conferences, publishing on claim trends, and assisting other offices with complex claims.
- Communicate with and support underwriting, functional groups, and management, while handling additional duties and travel as required.
What you'll bring:- Law degree required
- Minimum of 5-8 years' experience required in primarily EPL claims handling or related litigation with a career history of increasing responsibility
- Preference will be given if experience was at both a law firm and with an insurance carrier
- Strong preference for candidate who has pursued or is in the process of pursuing an insurance related designation e.g. RPLU or CPCU
- Exposure to or direct handling of complex high profile/high exposure management liability claims with an emphasis on evaluating, handling, negotiating, and settling complex matters
- Minimal travel as needed for claims mediation
Salary Range: $125,000 - $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.
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
