AVP, Surety Claims

Sompo International•Chicago, IL

1d•$180,000 - $195,000•Hybrid

About The Position

Sompo has a unique opportunity for an AVP, Surety Claims in our North America Insurance Surety Claims team. This position will provide technical claim management and guidance for our largest and most complex Surety claims consisting of performance bonds within the classes of business consisting of Coal, Oil and Gas Reclamation bonds, Contract bonds, Commercial bonds, Subdivision bonds, License and Permit bonds, SBA bond program, Closure and Post Closure bonds and other similar types of surety bonds.

Requirements

10+ years of Surety claims experience with a demonstrated progression of leadership and technical responsibility; J.D. preferred.
Proven expertise handling complex, high-exposure Surety claims, including matters exceeding $10M and across all claim types.
Leadership experience managing teams or providing technical oversight and mentorship to Surety claims professionals.
Strong legal and contract review capabilities, including experience with settlements, litigation documents, contracts, and surety bonds.
Excellent analytical, negotiation, communication, and relationship-building skills, with success collaborating across underwriting, finance, actuarial, operations, and other functions.
Professional insurance credentials (e.g., CPCU) preferred, along with proficiency in claims systems and Microsoft Office applications.

Nice To Haves

J.D. preferred
Professional insurance credentials (e.g., CPCU) preferred

Responsibilities

Evaluate and manage complex U.S. Surety claims, including coverage, liability, damages, and substantive claim decisions.
Develop strategies and lead resolution efforts for performance bond and other high-exposure Surety matters.
Partner with underwriting, senior leadership, and cross-functional teams to mitigate risk and deliver cost-effective claim solutions.
Provide timely large loss, reinsurance, reserve, trend, and collateral management reporting.
Deliver technical guidance, training, and mentorship to claims staff while supporting organizational initiatives and complex projects.
Collaborate with internal and external stakeholders, represent the organization at industry events, and travel as needed.

Benefits

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.