London Fixed Term Contract - Full Time
The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
This role will be a core part of the Outwards Reinsurance Placement and Analytics team, reporting to the Head of Technical Ceded Reinsurance and Strategic Analytics. The Ceded Reinsurance Manager – Data’s role is to support the Outwards Reinsurance team members in delivering high quality analysis and reporting of the Outwards Reinsurance program.
The incumbent is expected to possess extensive knowledge of systems and data and technical Outwards RI concepts, allowing them to contribute to the structuring of the Outwards RI program and Outwards RI project activity.
- Design, build and maintenance of automated submission pack data, compiling gross data and risk profiles to feed into placement process for ORI primarily covering Bespoke and Speciality lines.
- Production and deliver ORI data to support wider business functions such as capital modelling, business planning and placement strategy.
- Manage the process for collecting catastrophe (cat) data, including subsequent analysis and evaluation to inform programme structuring and placement decisions.
- Develop and oversee processes for collecting exposure data to support effective programme structuring and placement.
- Create and maintain ORI management information (MI) packs for internal and external stakeholders, including exposure reporting, actual versus plan analysis, reinsurer analysis, and ad hoc reporting as required.
- Support the Outwards Reinsurance Technical team with incurred recovery calculations, including the enhancement of existing Excel-based recovery tools.
- Assessment of credit risk associated with RI program.
- Provide technical guidance and support to more junior members of Outwards RI team.
- Represent Outwards RI to the Actuarial and Risk Functions.
- University degree, preferably in a numerate field (finance, statistics, economics, mathematics, etc.)
- 5-10 years’ experience in the (re)insurance market in actuarial/risk roles.
- Actuarial qualification an advantage but not essential.
- A very strong level of insurance and reinsurance knowledge required.
- Strong knowledge of the Microsoft Suite of applications with advanced Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables.
- Power query/VBA/SQL experience required.
- Strong analytical, organizational and communication skills.
- Ability to work effectively as part of the Outwards Reinsurance Team as well as with other key stakeholders across different functions within the organization.
- Ability to work under pressure and handle a varied, fluctuating workload.
The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
- We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
- Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
- We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
- We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
- We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.
Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
Diversity, Equity & Inclusion
Diversity & Inclusion in the workplace
- Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
- We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
- This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
- We aim to maintain a focus on equal opportunities across all stages of hiring process
- We measure and minimise the pay gap where possible.
Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact [email protected] to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
