Vice President, Surety - Product Counsel

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. Like the look of this opportunity Make sure to apply fast, as a high volume of applications is expected Scroll down to read the complete job description. 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. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. 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 manuscript, 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. 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. 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

Created: 2025-01-18