VP, Product Counsel - Commercial Property & Casualty

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Sompo International is seeking a Vice President, Product Counsel to support our Product Development team in our Morristown, NJ office.

As Product Counsel, you will provide legal support to the commercial property and casualty underwriting teams, who underwrite property, casualty, and related insurance products. You will advise underwriters and management on coverage and legal matters and draft policy forms for new and existing products.

Job Responsibilities:

• Advise underwriters regarding commercial property and casualty policy terms, coverage issues, and related legal issues

• Draft commercial property and casualty policy forms and endorsements

• Collaborate with underwriters in the negotiation of product coverage terms

• Review legal documents such as non-disclosure agreements (NDAs) and warranty statements

• Partner with functional areas across the organization, including underwriting, claims, actuarial, marketing, operations, and regulatory compliance in developing new products

• Provide product-related regulatory compliance support

• Identify opportunities for, and contribute to, continual improvement of team processes

• Other duties as determined by management

Qualifications:

• Juris Doctor degree, admitted to at least one state bar, and eligibility for in-house bar admission in New Jersey required

• Minimum of ten (10) years of relevant experience as in-house counsel at an insurance company, or combination of in-house and law firm experience

• Exceptional legal writing, attention to detail, and analytical abilities - candidates may be asked to provide a writing sample

• Experience drafting commercial property and casualty policy forms and endorsements preferred

• Knowledge of ISO, AAIS, and NCCI products preferred

• Ability to effectively convey information and ideas in a clear and concise manner

• Regulatory experience relating to product filings and state required policy provisions is a plus

• Proven ability to make sound decisions under uncertainty and with limited information

• Strong organizational and time management skills