AVP, Surety Claims

Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for an AVP, Surety Claims in our North America Insurance Surety Claims team.This position will provide technical claim management and guidance for our largest and most complex Surety claims consisting of performance bonds within the classes of business consisting of Coal, Oil and Gas Reclamation bonds, Contract bonds, Commercial bonds, Subdivision bonds, License and Permit bonds, SBA bond program, Closure and Post Closure bonds and other similar types of surety bonds. Location: This position may be based out of our Mt. Juliet, TN, New York, NY, Morristown, NJ, Houston, TX, Scottsdale, AZ, Seattle, WA or Chicago, IL 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:Evaluate and manage complex U.S. Surety claims, including coverage, liability, damages, and substantive claim decisions.Develop strategies and lead resolution efforts for performance bond and other high-exposure Surety matters.Partner with underwriting, senior leadership, and cross-functional teams to mitigate risk and deliver cost-effective claim solutions.Provide timely large loss, reinsurance, reserve, trend, and collateral management reporting.Deliver technical guidance, training, and mentorship to claims staff while supporting organizational initiatives and complex projects.Collaborate with internal and external stakeholders, represent the organization at industry events, and travel as needed.What you’ll bring:10+ years of Surety claims experience with a demonstrated progression of leadership and technical responsibility; J.D. preferred.Proven expertise handling complex, high-exposure Surety claims, including matters exceeding $10M and across all claim types.Leadership experience managing teams or providing technical oversight and mentorship to Surety claims professionals.Strong legal and contract review capabilities, including experience with settlements, litigation documents, contracts, and surety bonds.Excellent analytical, negotiation, communication, and relationship-building skills, with success collaborating across underwriting, finance, actuarial, operations, and other functions.Professional insurance credentials (e.g., CPCU) preferred, along with proficiency in claims systems and Microsoft Office applications.Salary Range: $180,000 – $195,000. 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 contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition 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 pageOur 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.SummaryLocation: Mt. Juliet, Tennessee; Seattle, Washington; Chicago, Illinois; New York City, New York; Scottsdale, Arizona; Houston, Texas; Morristown, NJType: Full time