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 Procurement and Vendor Manager team plays a key role within the Fidelis Partnership. You will work with the Head of Procurement and Vendor management to ensure we optimise our processes and secure excellent value and service for all IT and non-IT Products and Services in our locations in London, Dublin and Bermuda. As a primary support between vendors, internal business teams and procurement functions you will be work across the organisation to support valued business outcomes in a robust and compliant manner. Fidelis is a dynamic and fast paced environment where attention to detail and timely delivery of clear and meaningful successful outcomes is the key measure on which you will be assessed. The successful candidate will be expected to be a self starter who can evidence taking the initiative in driving improved outcomes, controls, cost saving and financial management, with strong operational understanding of contracts, compliance and finance. The Fidelis culture is office based as we are stronger and better when we are together – the expectation is 5 days in the office is the norm.
Key accountabilities
Establish an excellent working relationship across teams to ensure procurement controls are effective in our day-to-day success
Support the PO process from creation through to billing and supplier invoice queries
Support operation of procurement practices & processes, working closely with IT, Finance, Legal and Compliance teams as needed
Oversee Vendor Management controls
Manage objectives for procurement & vendor management in line with plan
Provide procurement advice & guidance across business units as needed
Data analysis on supplier and expense consumption, validating services offered and procured are operating line with expectations.
Control, analysis & reporting of expenditure, savings & performance of suppliers
Ensure requirements of the Auditors are met on a timely basis
Contribute to the continuous improvement of systems and processes, including involvement in system upgrades or new implementations.
Manage, track, prepare, and produce monthly reports/metrics.
Manage and maintain Procurement inboxes both internal and external.
Maintain and update contracts system.
Skills & experience
Relevant degree and minimum 3 years' experience in procurement and vendor management in a regulated environment, with solid foundation in procurement and vendor engagement.
Practical experience in procurement activities including processes, planning & data gathering.
Good understanding of vendors and resellers policies, practices and standard contract terms
Track record in leading delivery of procurement results through structured planned approach including governance, quality assurance & compliance.
Managing risks, issues, deadlines, dependencies and provision of up to date reports at any time.
Contributing to a supportive and rewarding working environment that aligns with the company culture as well as having a sense of ownership, accountability and excellence. This includes ability to work in a team environment and autonomously.
Ability to develop a thorough understanding of our industry, products and services quickly.
Continual focus on long term effectiveness, simplicity of processes and appropriate controls
Be fully comfortable with rapid change and fast pace of business. Able to deliver objectives assigned to you with a strong sense of urgency.
Foresee and communicate potential problems before they arise,
Strong communication skills, both oral and written with proven ability to influence change. You should be able to communicate clearly and with purpose, working effectively with team members and stakeholders across the organisation.
Leading by example in terms of our company culture and values
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.
