Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a VP, Product Counsel in our Product Development team on a 12-Month Fixed-Term Contract.
Senior Product Counsel provides technical, legal and product wording support to the Mid-Market team, with responsibility for endorsements, proprietary wording, section builds, and review of Cover holder wordings. The role supports underwriters and stakeholders by providing clear, accurate and commercially practical advice on policy documentation, wording standards, contract certainty and relevant legal and regulatory requirements.
Location: This position will be based out of our London office.
Our business, your impact, our opportunity:
What you’ll be doing:
- Produce, review and support the development of policy documentation, endorsements, schedules, clauses, exclusions and proprietary wording builds.
- Advise and support underwriters on wording matters, including broker and market wordings, Cover holder reviews and appropriate referral points.
- Ensure wording activity is delivered in line with agreed priorities, contract certainty requirements, internal standards, operational procedures and relevant good practice.
- Collaborate with underwriting, product, governance and other internal stakeholders to develop or modify policy wordings and resolve wording-related queries.
- Apply sound judgement and technical expertise to support effective decision making, manage risk and promote clear customer outcomes.
- Maintain strong awareness of relevant market conditions, underwriting considerations, customer impacts and legal and regulatory requirements affecting policy wordings.
- Build effective working relationships with internal and external stakeholders, including underwriters, brokers, business partners and colleagues.
- Contribute to team discussions, planning and continuous improvement activity, ensuring outputs are accurate, timely and commercially relevant.
- Continually develop technical knowledge and professional capability through appropriate learning and development activity.
- Comply with applicable FCA, PRA and Lloyd’s regulatory requirements, including relevant Conduct Rules and standards of market conduct.
What you’ll bring:
- Experience gained within the insurance industry, ideally within policy wordings, product development, underwriting support, legal, technical underwriting or a related function.
- Strong knowledge of policy wordings, endorsements, schedules, clauses, exclusions and associated documentation processes.
- Good understanding of underwriting processes and procedures, including how these relate to policy wording activity and contract certainty.
- Knowledge of relevant legal and regulatory requirements, including FCA, PRA and Lloyd’s requirements where applicable.
- Professional qualification relevant to the role, or equivalent experience
- Strong drafting, analytical and literacy skills, with excellent attention to detail.
- Strong interpersonal, communication and influencing skills, with the ability to build effective relationships across underwriting and stakeholder groups.
- Ability to manage conflicting priorities, plan work effectively and deliver accurate outputs to agreed deadlines.
- Proficiency in relevant company systems, and standard office software.
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 some of the benefits we offer, which may vary depending on the country:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- 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.
