Sr. Claims Counsel

Sompo International Holdings Ltd.

$125K — $175K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in insurance-related technical claims with a focus on long-term exposure and emerging risks
  • Juris Doctorate is required; insurance carrier experience preferred
  • Professional designations such as CPCU, IIA, or SCLA are a plus
  • Strong writing, analysis, and communication skills
  • Ability to build relationships with internal stakeholders
  • Some travel required

Responsibilities

  • Directly manage Primary & Excess Casualty claims
  • Apply technical knowledge and legal insights to claims with a focus on customer service
  • Analyze liability, damages, and coverage; develop strategies for litigation
  • Establish appropriate reserves for claims
  • Identify potential large losses in a timely manner
  • Communicate effectively with internal and external partners

Benefits

  • Two medical plan options, including a Traditional PPO and Consumer Driven Health Plan
  • Pharmacy benefits with mail order options
  • Comprehensive dental and vision benefits
  • Flexible Spending Accounts for healthcare and dependent care
  • Company-paid life, AD&D, and disability benefits
  • 401(k) plan with competitive employer contributions
  • Paid-time-off including company holidays
  • Parental leave and adoption assistance
  • Employee assistance and tuition reimbursement programs
  • Tax-Free commuter benefits
Full Job Description
Job Description

What you'll be doing:
  • Direct handle primary & excess Casualty claims involving emerging risks, potential long-term exposure, or significant coverage issues.
  • Apply and demonstrate strong technical knowledge, legal insights, accuracy, and responsiveness on claim files with a high degree of customer service.
  • Analyze liability, damage, and coverage issues, develop successful litigation and resolution strategies, establish appropriate reserves on files.
  • Timely identify and elevate potential large losses and communicate effectively with internal and external business partners.

What you'll bring:
  • 5+ years experience in an insurance-related technical claims position with an emphasis on addressing coverage issues presented by long term exposure and/or emerging risk issues
  • Juris Doctorate required and prior insurance carrier experience preferred.
  • Insurance related professional designations/education such as CPCU, IIA & SCLA a plus
  • Excellent writing, analytical, presentation and communication skills, with the ability to establish close working relationship with internal Sompo stakeholders
  • Some travel required


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


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