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 responsible for all actuarial output relating to the Lloyd’s platform. This will involve a combination of undertaking analysis directly and working with existing TFP actuarial functions across business planning, technical pricing, profitability analysis, portfolio management, outwards reinsurance purchasing, capital modelling and reserving. The purpose of the role is to drive action and impact through an understanding of the business and appreciation of the range of analysis available.
The TFP Syndicate business is a fast-growing area writing insurance and reinsurance risks across a number of property, specialty, and bespoke economic / credit classes from TFP underwriters and Pine Walk MGA cells. It writes a broad range of large commercial and SME risks.
The Head of Syndicate Actuarial will utilise the expertise of existing TFP functions with the key purpose of the role being to manage and coordinate this work for the Syndicate platform. It represents an opportunity to have a very wide-ranging role across Underwriting, Exposure Management, Reinsurance, Capital, Reserving, Pricing and Investments; with output focussed on driving business value and insigh
Key accountabilities
Directing the strategy for development of actuarial analysis for syndicate business
Leading analytical input across syndicate risk appetite definition and monitoring, having an appreciation across all business areas
Reviewing and challenging proposals for syndicate reserves and capital
Directing specific analysis to provide insight into capital optimisation and reserving trends
Liaising with the Outwards Reinsurance, Exposure Management and Capital teams to understand and manage exposure aggregations and optimise reinsurance structure placements
Direct and undertake analysis of trends in the portfolio to inform strategic decisions, including investment decisions
Manage regulatory interaction on all areas within and connected to actuarial analysis
Provide analysis to investors to support understanding of the drivers of the result for the portfolio
Play a leadership role in the syndicate team culture of high performance and inclusion:
Agility in approach and appropriately directed constructive challenge
Provide mentoring/guidance/delegation/management (as appropriate) to other team members
Champion high-standards of technical excellence and knowledge sharing
Is inclusive in approach to communication and actively fosters a collaborative culture
New and innovative approaches considered to radically transform approaches and unlock value
Skills & experience
Required qualifications, skills and experience:
Qualified Actuary with experience working across a range of business areas
Experience bringing together knowledge and analytical thinking across business areas to make recommendations and clearly communicate opportunities and uncertainties
Experience on driving outcomes and understanding in situations involving large volumes or limited data
Experience communicating in a range of formats to a range of stakeholders
Experience of formal reporting and presentation to committees
What we’re looking for:
Innovative thinking and ability to see the bigger picture of both technical and commercial elements
Able to combine technical analysis with judgment to provide insights and recommendations for commercial decision-makers
Attention to detail with ability to translate the results of analytical work into opinion and clear recommendations
Self-starter, proactive and quick learner
Strong work ethic, delivery focussed, and solution orientated
Effective communicator and engagement abilities with experience of working directly with business management teams and underwriters
Ability to prioritise, work to tight deadlines, and do what is needed to drive out the principal issues and make smart decisions.
Appropriately communicate analytical limitations and constructively work with stakeholders to find ways to improve analysis
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.
