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 Fidelis Partnership is seeking an experienced Senior Internal Auditor to join its Internal Audit team. This individual will play a key role in executing the internal audit strategy within a dynamic and rapidly expanding organisation.
This role offers a unique opportunity to engage with all levels of management, from operational teams to functional heads, and a wide range of stakeholders, including internal teams and external capacity providers. The Senior Internal Auditor will be instrumental in embedding audit processes into the business lifecycle, helping to strengthen the company’s internal control framework.
This position offers significant growth potential. The successful candidate will expand their knowledge of internal audit and the insurance industry, gaining insights into the world-class underwriting process as well as other key business functions, including claims, actuarial pricing, exposure management, and reinsurance. The role also offers the opportunity to manage audits delivered by co-sourced service providers or capacity providers, providing valuable experience in third-party engagement management. It is an excellent opportunity to develop audit engagement oversight and stakeholder coordination skills, enhancing your overall management capability within a collaborative environment.
Key accountabilities
Undertake internal audit reviews with minimal supervision including:
Planning and scoping audit work, and producing the audit Terms of Reference
Identifying and assessing risks and associated internal controls, and evaluating the design adequacy and operating effectiveness of those controls
Performing audit testing and fieldwork
Documenting audit work in line with agreed standards and methodologies
Communicating effectively with the audit team and business stakeholders to prepare audit findings and recommendations that are well-supported and impactful
Tracking audit actions to ensure timely completion and that they address the original risks raised
Assist in managing assurance work carried out by other assurance providers:
Reviewing the scope of audits
Ensuring audit testing is performed in line with the agreed scope
Reviewing audit findings and their ratings to ensure they are reflective of the relevant risks
Confirming that appropriate actions are agreed to address audit findings
Tracking and following up audit actions raised by the capacity providers ensuring they are completed within the agreed timeframe
Contribute to the annual audit planning process, including regular risk assessments and preparation of the audit planning memorandum
Maintain strong working relationships with business stakeholders and audit teams from capacity providers
Skills & experience
Professional qualification in accountancy or auditing (ACA, ACCA, CIMA or CIIA)
2– 3 years post qualification experience in Internal Audit
Experiences in the financial services industry, insurance section experiences preferred but not essential
Excellent Microsoft Office skills, particularly Microsoft Excel and PowerPoint
Strong interpersonal skills, capable of building strong, trusting relationships with business operations, while remaining independent and objective.
Strong written and oral communication skills, capable of articulating and presenting ideas in a coherent and impactful manner.
Strong organisational, analytical and problem-solving skills
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.
