VP, Casualty Construction Claims

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.
Job Description
Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. Sompo International is a company driven by its core values, a carrier that holds promise, trust and the commitment to protect at the center of everything it does. We maintain excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor's on our principal operating subsidiaries. For more information about Sompo International, please visit www.sompo-intl.com.
We are seeking a Vice President, Casualty Construction Claims Leader to manage Construction-related claims within Sompo International based out of New York, NY. This position reports to the Senior Vice President, Head of Casualty Claims. The successful candidate will be able to manage a team of claim professionals focused on the handling of Construction-related claims, driving best practice compliance, superior customer servicing and providing valuable and pertinent loss trend and portfolio information to the business and senior claims management.
Duties and Responsibilities:

• Successfully manage the Casualty Construction claims team, as well as all related systems and processes
• Evaluate exposures and make substantive claim decisions for claims and as needed on other lines of business
• Provide direction and guidance for coverage, liability and damages analysis, with a particular emphasis on early identification of severity, coverage issues and application of effective resolution strategies.
• Proactively identify trends and exposures that may affect the Casualty Construction portfolio, developing strong relationships internally and externally with relevant stakeholders
• Ensure timely and accurate reporting of exposures to Underwriting and Senior Management
• Work with Actuary, Cede Re, Underwriting, Operations, Finance to ensure timely reporting on trends, reserves, various claim metrics, etc.
• Attend various industry conferences, possibly as a speaker/presenter, publishing on current claim trends and issues and assisting other offices on complex claims
• Other duties as required by management
• Some travel as required

Skills & Qualifications:

• Minimum of 15 years' experience required in claims or litigation management with a career history of assuming roles with increasing responsibility
• Law degree required
• Preference will be given if experience was at both a law firm and with an insurance carrier
• Management experience as a team leader or supervisor of claim professionals required
• Proven experience in the successful direct handling of high exposure claims and cases presenting significant coverage issues
• Demonstrated ability to teach and drive coverage acumen, technical claim handling and customer service skills.
• Experience handling New York Labor Law, Construction Defect and other Construction-related claim types.
• Meaningful legal review experience and policy drafting experience
• Strong interpersonal skills to establish close working relationship with external and internal stakeholders
• Strong negotiating, analytical, written, and organizational skills
• Excellent management, marketing, and communication skills
• Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems -Guidewire, Genius, ImageRight is a plus.

Salary Range: $145,000- $225,000 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 International, 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V