Sr. Claims Counsel, Lawyers Professional Liability

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Sr. Claims Counsel, Lawyers Professional Liability in our North America Insurance Claims team.

Location: This position may be based out of our New York, NY, Purchase NY, Garden City NY or Morristown NJ 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 a full case load of Professional Liability matters (mostly Lawyers Professional Liability claims)
• Review and analyze loss notices and claims-related documents.
• Examine applicable insurance policy and make coverage determinations. Make substantive claim decisions for Lawyers Professional Liability claims and as needed on other lines of business.
• Analyze potential liability and exposure presented by matters to allow for timely reserving. Ensure timely and accurate reporting of exposure to underwriting and management.
• Support underwriting with legal review and policy drafting.
• Attend industry conferences, possibly as a speaker/presenter and/or publishing on current claim trends and issues.
  
  

What You’ll Bring

• Law degree required
• Minimum of 3 years’ experience required in Lawyers Professional Liability claims handling or related litigation with a career history of increasing responsibility. Preference will be given if experience was at both a law firm and with an insurance carrier.
• Strong preference for candidate who has pursued or is in the process of pursuing an insurance related designation e.g. RPLU or CPCU.
• Direct handling of complex high profile/high exposure Lawyers Professional Liability claims with an emphasis on evaluating, handling, negotiating and settling complex matters with high exposures.
• Meaningful legal review experience and policy drafting experience.
• Demonstrated ability to establish close working relationship with other departments including underwriting & actuarial.
  
  

Salary Range: $110,000 – $185,000 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.

Summary

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.