VP, Product Counsel

Endurance Services Limited•Morristown, NJ

19h•$170,000 - $240,000•Onsite

About The Position

Sompo is seeking a VP – Product Counsel to join its Legal & Compliance team, based in the Morristown, New Jersey office. The role provides legal support for Financial Lines products, including policy drafting, coverage analysis, product development, regulatory considerations, and underwriting support. The successful candidate will work closely with the business to develop practical solutions and help shape insurance products in a dynamic property and casualty environment. The position offers visibility across the organization and an opportunity to contribute directly to the business. The Product Counsel will advise Financial Lines underwriters and management, support development and enhancement of products—with a primary focus on cyber and professional liability—and provide product-related regulatory compliance guidance. The role also involves collaboration with a range of cross-functional teams and contributing to improvements in forms, workflows, and processes. Sompo offers eligible employees competitive compensation and benefits. Compensation includes base salary and performance-based incentives, with a stated salary range of $170,000–$240,000. The company describes a workplace centered on respect, inclusion, equal opportunity, and its values of Accountability, Agility, Collaboration, Development, and Integrity.

Requirements

Juris Doctor degree.
Admission to the bar of one state and eligibility for in-house bar admission in New Jersey.
At least 10 years of relevant experience, including in-house counsel experience 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 ability to manage multiple priorities.
Sound judgment and ability to provide practical advice in situations involving ambiguity or incomplete information.
Excellent communication skills, including explaining legal and coverage concepts clearly to legal and non-legal audiences.
Ability to work independently and contribute 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.
Experience with cyber insurance products is strongly preferred.
Experience analyzing and advising on coverage matters for relevant insurance products.
Familiarity with product filings, state-required policy provisions, or insurance regulatory requirements.

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 to negotiate coverage terms and conditions and develop practical, business-oriented solutions.
Support the development and enhancement of new and existing Financial Lines products, primarily cyber and professional liability products.
Review and advise on business documents, including non-disclosure agreements, warranty statements, commercial contracts, and marketing materials.
Collaborate with underwriting, claims, actuarial, marketing, operations, and regulatory compliance teams on product development.
Provide product-related regulatory compliance support, including guidance on state filing requirements.
Contribute to continual improvement of forms, workflows, and processes.
Perform other responsibilities consistent with the role as business needs evolve.

Benefits

Two medical plans: a Traditional PPO and a Consumer Driven Health Plan with a Health Savings Account and employer contribution.
Pharmacy benefits with mail order options.
Dental benefits, including orthodontia benefits for adults and children.
Vision benefits.
Health Care and Dependent Care Flexible Spending Accounts.
Company-paid Life and AD&D benefits, with supplemental life coverage available for purchase for employees, spouses, and children.
Company-paid disability benefits with salary continuation payments.
401(k) Retirement Savings Plan with employer contributions.
Competitive paid-time-off programs and company-paid holidays.
Competitive parental leave benefits and adoption assistance program.
Employee Assistance Program.
Tax-free commuter benefit.
Tuition reimbursement and professional qualification benefits.
Performance-based incentive awards.