Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for a
VP - Product Counsel to join our
Legal & Compliance team.
The role is well suited for an attorney who enjoys working closely with the business, developing practical solutions, and helping shape insurance products in a dynamic P&C environment.
The successful candidate will provide legal support on Financial Lines products, including policy drafting, coverage analysis, product development, regulatory considerations, and underwriting support. This position offers meaningful visibility across the organization and the opportunity to contribute directly to the business.
Location: This position will be based out of our
Morristown, NJ office. 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:- Draft and advise on Financial Lines policy forms, endorsements, and related product documents.
- Counsel Financial Lines underwriters and management on policy terms, coverage issues, product questions, and related legal matters.
- Partner with underwriters in negotiating coverage terms and conditions, with a focus on practical, business-oriented solutions.
- Support the development and enhancement of new and existing Financial Lines products, with a primary focus on cyber and professional liability products.
- Review and advise on related business documents, including non-disclosure agreements, warranty statements, commercial contracts, and marketing materials.
- Collaborate with underwriting, claims, actuarial, marketing, operations, and regulatory compliance teams in connection with product development.
- Provide product-related regulatory compliance support, including guidance on state filing requirements.
- Contribute to the continual improvement of forms, workflows, and processes.
- Perform other responsibilities consistent with the role as business needs evolve.
What you'll bring:- Juris Doctor degree, admission to the bar of one state, and eligibility for in-house bar admission in New Jersey required.
- Minimum of ten (10) years of relevant experience, including experience as in-house counsel at an insurance company, law firm experience supporting insurance clients, or a combination of both.
- Experience drafting or advising on cyber, professional liability, management liability, financial institutions E&O, or other Financial Lines policy forms and endorsements preferred.
- Experience with cyber insurance products strongly preferred.
- Experience analyzing and advising on coverage matters for relevant insurance products preferred.
- Strong legal writing, drafting, analytical, and problem-solving skills.
- Familiarity with product filings, state-required policy provisions, or insurance regulatory requirements is a plus.
- Strong organizational skills and the ability to manage multiple priorities.
- Sound judgment and the ability to provide practical advice in situations involving ambiguity or incomplete information.
- Excellent communication skills, including the ability to explain legal and coverage concepts clearly to both legal and non-legal audiences.
- Ability to work independently while also contributing effectively as part of a cross-functional team.
- Strong commitment to providing superior client service.
Salary Range: $170,000 - $240,000. 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
