AVP, Claims Counsel, Cyber, Media and Technology Claims

Are you looking for your next opportunity?

Sompo has a unique opportunity for an AVP, Claims Counsel, Cyber, Media and Technology Claims in our Financial Lines claims team.

Location: This position can be based out of our New York, NY, Purchase, NY, Garden City, NY, Morristown, NJ, Alpharetta, GA or Chicago, IL office locations. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Handle complex Cyber, Media and Technology claims

• Provide coverage, liability and damages analysis

• Ability to proactively identify exposures and claim trends which may affect the portfolio and provide written assessments to the SompoPro business unit

• Resolve problems and respond to coverage questions for SompoPro underwriting team and senior management

• Professional Lines policy drafting

• Effectively represent Company interests at client meetings, mediations, external meetings and industry events

• Attend various industry conferences, possibly as a speaker/presenter, publishing on current claim trends and issues and assisting other offices on complex claims.

• You will be asked to communicate with underwriting and other functional groups within the organization

• Other duties as required by management

• Some travel as required

What you’ll bring:

• Required 8-10 years experience as an E & O Claims Counsel at an insurance company in the Cyber/Media/Technology area, and/or in combination with law firm experience handling these types of matters

• Juris Doctor Required

• Experience with direct handling of Cyber, Media and Technology claims

• Proven ability to provide coverage, liability and damages analysis for complex claims Cyber, Media and Technology claims

• Strong experience attending mediations and negotiating settlements

• Professional lines policy drafting experience

• Ability to establish close working relationship with underwriting, actuarial and legal units

• Excellent presentation, verbal and written communication skills. Candidates may be asked to provide writing samples.

• Analytical, decision making and resource management skills with attention to detail

• Strong commitment to providing superior client service

• Strong negotiating, analytical, written and organizational skills

• Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire, Genius, ImageRight is a plus)

Salary Range: $145,000 – $195,000 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

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.