Claims Counsel, CML

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Claims Counsel, CML in our Insurance Claims team.

This role will manage claims arising from or involving policies issued from Sompo's US Commercial Management Liability ("CML") Private Company team. This position handles US CML Private Company (D&O, Fiduciary Liability and Fidelity) claims and provides legal review and support to Underwriting. The successful candidate will be able to provide insight and analysis on complex US CML Private Company claims.

Location: This position will be based out of our New York, NY; Garden City, NY; Purchase, NY; Morristown, NJ; Los Angeles, CA or Miami, FL office. 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:

• Manage U.S. CML Private Company claims, including related systems and processes
• Evaluate exposures and make substantive claim decisions (and support other lines as needed)
• Provide coverage, liability, and damages analysis for Private D&O, Fiduciary Liability, and Fidelity claims
• Proactively identify claim trends and emerging exposures affecting CML portfolios
• Ensure timely, accurate exposure and claim reporting (narrative and financial) to underwriting and management
• Collaborate with global claims colleagues and internal stakeholders; support projects, conferences/publishing, complex claims, and travel/other duties as needed

What you'll bring:

• JD (law degree) required; recent graduates considered with relevant experience
• Preferred 1-5 years in D&O claims handling or related litigation with increasing responsibility
• Preference for experience at both a law firm and an insurance carrier
• Pursuing/holding insurance designations (e.g., RPLU, CPCU) strongly preferred
• Proven complex D&O/related claims handling (evaluation, negotiation, settlement) plus meaningful legal review and mediation experience
• Strong cross-functional collaboration (underwriting/actuarial), communication/marketing, and analytical/writing/organizational skills; strong MS Office and claims systems experience (Guidewire/Genius/ImageRight a plus)
• Willingness to travel occasionally for business meetings, conferences, etc.

Salary Range: $125,000-$175,000 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

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values-Accountability, Agility, Collaboration, Development, and Integrity-we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.