About us

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.

The role

This role will be an essential part of the Ceded Reinsurance Operations team, reporting to the Ceded Reinsurance Technical Operations Manager. The Ceded Reinsurance Technician’s role is to support the Ceded Reinsurance Technical Operations Manager in delivering timely and accurate post-placement administration of Fidelis group’s Ceded reinsurance program.
The incumbent is expected to possess a good level of systems and data knowledge and a strong understanding of technical Ceded RI concepts, allowing them to proactively contribute to both the day-to-day running of the Ceded RI program and Ceded RI project activity.

Key accountabilities

• Administer reinsurance contracts to ensure the Group complies with all contractual obligations, to include  the  calculation  and  processing  of  M&D  premiums,  premium  adjustments,  quota share statements and bordereaux, profit commissions and NCB’s
• Ensuring all ceded reinsurance contracts are accurately recorded in the policy admin system
• Administer payment requests and credit control recoveries balances
• Calculate and process facultative and excess of loss reinsurance recoveries
• Assist with the peer review of certain tasks carried out by colleagues
• Provide pro-active customer service to operations, underwriting, actuarial and finance teams
• Respond promptly to reinsurer and broker queries
• Be  actively  involved  in  the  on-going  development  of  the  Company’s  reinsurance  administration procedures and systems
• Contribute to the Ceded RI workstream of the Business Transformation project
• Assist in the production of programme summaries and schematics
• Assist  in  the  preparation  of  various  information  to  aid  the  analysis  and  placement  of  reinsurance programmes
• Undertake any reasonable duties as may be requested by the Ceded Reinsurance Technical Operations Manager

Skills & experience

• University degree, preferably in a numerate field (finance, statistics, economics, mathematics, etc.)
• At least 3 years’ experience in a similar role.
• A good level of insurance and reinsurance knowledge required.
• Strong analytical and organizational skills.
• Ability to work effectively as part of the Ceded 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.
• Strong knowledge of the Microsoft suite of applications with Excel skills such as iterative formulae (nested ifs), multi-criteria lookups (index, match), sumifs and pivot tables. Poer query/VBA/SQL experience a plus, but not required.

Other

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 fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.

Apply by 25/11/2024

Reference: FID01198