Demo

Vice President, Surety - Product Counsel

Sompo International
Mount Juliet, TN Full Time
POSTED ON 1/20/2025
AVAILABLE BEFORE 4/18/2025

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.

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

Job Description

Sompo has a unique opportunity for a Vice President, Surety - Product Counsel role in our Legal business unit with a close collaboration and partnership with the Surety Leadership team. This position will be responsible for providing the Sompo Surety business unit with counsel in all facets of suretyship ranging from indemnity matters to complex deal structuring.

Location : This position can be based out of any of our Sompo Offices as detailed below :

  • New Jersey : Morristown
  • New York : Garden City, New York City, Purchase
  • North Carolina : Charlotte
  • Tennessee : Mount Juliet

What you’ll be doing :

  • Indemnity Agreement Reviews
  • Proposals to GIAs for live deals

  • Modifications to existing agreements
  • Adding / Releasing Indemnitors
  • Periodic full form review & creation (protection adequacy and competitive market position)
  • short form

  • demand language
  • Capital retention agreements
  • Claims sharing agreements
  • Bonded job contract reviews
  • Bond form manuscription, modifications & change reviews
  • Bond risk legal guidance (Appleton reviews, renewables industry related bond risks etc.)
  • Surety operational contract reviews (e.g., collateral facility)
  • Complex Deal Structure Guidance (legacy book deal workouts, new deal formations-SPEs. JV, Private Equity Involvement etc.)
  • Collateral Demands
  • Claims waterfall advice (bankruptcy background)
  • Audit process involvement (provide practical surety specific legal experience given the product’s niche nature)
  • What you’ll bring :

  • At least 10-12 years’ current Surety Legal Counsel and or Surety Claims experience in the insurance industry
  • Juris Doctor degree
  • Strong experience attending mediations, negotiating settlements, and mitigating risk
  • Ability to establish close working relationships with Underwriting, Legal and Claims
  • 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 technical skills to include various in-house claims systems (Guidewire, Genius, ImageRight)
  • Ability to travel approximately 10%-20% of the time
  • Salary Range : $200,000 – $260,000 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.

    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.

    J-18808-Ljbffr

    Salary : $200,000 - $260,000

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Vice President, Surety - Product Counsel?

    Sign up to receive alerts about other jobs on the Vice President, Surety - Product Counsel career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $178,246 - $319,071
    Income Estimation: 
    $255,731 - $475,782
    Income Estimation: 
    $251,856 - $384,677
    Income Estimation: 
    $358,165 - $532,415
    Income Estimation: 
    $432,448 - $714,920
    Income Estimation: 
    $123,673 - $176,421
    Income Estimation: 
    $162,804 - $221,695
    Income Estimation: 
    $291,585 - $413,387
    Income Estimation: 
    $358,165 - $532,415
    Income Estimation: 
    $227,038 - $316,008
    Income Estimation: 
    $251,896 - $339,533
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Sompo International

    Sompo International
    Hired Organization Address Harrison, NY Full Time
    As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Conti...
    Sompo International
    Hired Organization Address New York, NY Full Time
    As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Conti...
    Sompo International
    Hired Organization Address Garden, NY Full Time
    As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Conti...
    Sompo International
    Hired Organization Address Harrison, NY Full Time
    As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Conti...

    Not the job you're looking for? Here are some other Vice President, Surety - Product Counsel jobs in the Mount Juliet, TN area that may be a better fit.

    Senior Vice President Associate General Counsel Risk Management & Litigation

    Wellpath / Correct Care Solutions, Nashville, TN

    Vice President

    Selby Jennings, Nashville, TN

    AI Assistant is available now!

    Feel free to start your new journey!