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
The Group is expanding their Group Actuarial and Exposure Management function to build out their Portfolio Management Team to support this growth. Fidelis has market leading systems and want to continue to develop its data driven decision making. The Team works closely with Senior Management in strategic decisions for the Group, specifically on catastrophe modelling and actuarial pricing.
The team manages the end-to-end process for generating pricing metrics for both inwards and outwards business. They also assist underwriters in understanding economic capital and gaining broader portfolio insights. Additionally, the team is responsible for producing real-time rollups of elemental PMLs across all lines, helping to inform decision-making and support group appetite setting by establishing the Fidelis View of Risk and contributing to rating agency risk assessments.
The Portfolio Analyst will report to the Portfolio Manager and be responsible for producing portfolio-level modelling metrics, ensuring the accurate aggregation of our Cat Modelling team’s pricing of individual deals across the lines of businesses, encompassing Direct & Facultative, Treaty, Marine Cargo, Energy (onshore, offshore, renewables), and MGAs.
Key accountabilities
Conduct inwards portfolio-level modelling for specialty lines, providing underwriters with metrics to guide strategic and tactical decision-making.
Develop and maintain tools for class underwriters to manage PMLs and incorporate these into portfolio-level planning.
Efficiently maintain accurate rollups of outward reinsurance programs in the actuarial pricing and aggregation system (FireAnt), reflecting their impact on capital and pricing.
Prepare Cat Modelling submission data for outward partners using FireAnt, producing exposure files, modelling reports, and summary documents.
Collaborate with underwriters and planning teams to optimize PML and capital deployment by line and region, based on agreed metrics.
Support an up-to-date business plan at the layer level within FireAnt, tracking forecasts and performance versus plan, while continuously improving processes.
Oversee monthly and quarterly rollup processes to meet the team’s reporting needs.
Collaborate with IT Development teams to enhance efficiencies for rollups, validations, and ad hoc requests.
Support the ongoing improvement and documentation of policies and processes managed by the Portfolio Management Team.
Skills & experience
Minimum of 5 years of experience in a Property Cat Modelling role OR a nearly/newly qualified actuary with a relevant Pricing background within Reinsurance/Insurance.
Able to analyse raw Cat Model output to determine contract pricing and assess implications on PML and capital.
Energetic & Delivery focused.
Effective communication and engagement abilities with experience of working directly with stakeholders.
Proficient in the modelling practices and procedures, with an understanding of the strengths and weaknesses of AIR modelling being an advantage.
Strong SQL (or alternative scripting languages) and Excel skills are essential.
Out of the box thinker with self-starter ownership for process improvement.
Demonstrated ability to combine technical analysis with judgment to provide insights for various decision-makers, while appropriately considering analytical limitations.
We are a company that thrives on high-energy, fast paced, and collaborative work environment, which is why we work from the office 5 days-a-week.
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.
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.
