VP, Product Counsel
About The Position
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. This position will be based out of our Morristown, NJ office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Requirements
- 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.
- Strong legal writing, drafting, analytical, and problem-solving skills.
- 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.
Nice To Haves
- 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.
- Familiarity with product filings, state-required policy provisions, or insurance regulatory requirements is a plus.
Responsibilities
- 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.
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
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
Ph.D. or professional degree
