About Us

Fidelis Insurance Group (“Fidelis IG” or “FIG”) is a specialist insurer and reinsurer headquartered in Bermuda with offices in London and Dublin. The firm is led by Chief Executive Officer Dan Burrows. Fidelis IG has a financial strength rating of A (Excellent) by A.M. Best Company, Inc. and A- by Standard and Poor’s.

The Role

This role will be an essential part of the Underwriting department, reporting to the Underwriting Portfolio Director. This is a group role operating in a publicly listed SEC reporting environment and will support the Underwriting Portfolio Director and wider Underwriting team in carefully managing and developing the group’s net underwriting portfolio, through the production of high-quality underwriting analytics and portfolio diagnostics, providing insight and clarity to the group and entity CUOs, and wider leadership team. The role holder will be expected to contribute to FIG’s cultural, strategic and technical development.

Key Accountabilities

Portfolio

Contribute to the monthly oversight process including production of exhibits and commentary for Committee and Board papers, producing supporting underwriting and performance analysis, and automating the process where possible.
Provide day-to-day support to Underwriting management by providing insightful analysis and clear evaluation of proposals for material in-year changes to the business plan, or any other items requiring sign-off under binder or provision of services agreements.
Understand the structure and risk profiles of products in the portfolio as well as the outwards reinsurance programme, producing tailored analysis and technical MI to support strategic decision making.
Support with gross to net analysis, liaising with actuarial and capital modelling to assess economic impact of changes to the portfolio and outwards programme.

Data

Own the Underwriting Data Model, running the monthly process to produce and validate the model, maintaining version control, as well as building, optimising and enhancing output. Ensure exhibits and analysis produced are high quality and meet business requirements.

Strategy and Business development

Work with the UW PF Director to review and evaluate the annual business plan, ensuring that underwriting plans proposed by our trading partners align with our risk appetite and business objectives, and are captured appropriately in the binder framework agreement(s).
Prepare commercial strategic and market analysis to facilitate and enable effective strategy discussion, reflection and oversight, including analysis of market conditions, exposure, loss performance and economic trends impacting our trading relationships.
Working closely with the Group CUO and wider CUO team, support the execution of the group’s underwriting diversification strategy including opportunity analysis and due diligence.
Assist with ad hoc strategic and business projects as required, including reinsurance packs, rating agency

Governance

Support the Underwriting management team by providing data and reports to enable oversight and monitoring of adherence to underwriting principles and governance frameworks.

Team and culture

Establish and maintain strong working relationships with all relevant stakeholders across the company and its trading partners.
Work collaboratively across the company to embed the target culture and operating model, and to ensure cross functional understanding of our strategic objectives.
Support the Underwriting department and wider IG on an ad hoc basis as required.

Skills & Experience

Significant experience in the global specialty (re)insurance sector essential, knowledge of listed insurance groups an advantage, understanding of reinsurance and DUA business desirable.
Very strong data and systems skills, ability to interrogate datasets, manage large Excel and Power BI data models and reports, understanding of SQL database architecture an advantage.
Advanced Excel and Power BI (VBA, DAX an advantage)
Advanced PowerPoint and MI presentation skills.
At least 10 years’ experience working within the industry in an underwriting or actuarial department
Multi-class experience desirable, in particular specialty insurance lines and property RI.
Strong stakeholder management and relationship building skills – ability to operate in an international environment essential
Curious and proactive, comfortable working in a dynamic, fast-paced environment requiring initiative
Quality focussed, attention to detail and ability to identify and resolve issues
CII qualifications desirable

Other

Our culture is based on respect and on doing the right thing for our colleagues, customers, investors and the Earth. We actively avoid trading with industries that cause harm to people, the environment and animals. We provide development opportunities to our employees, taking action to advance diversity and inclusion, being environmentally responsible, and volunteering for and supporting charitable activities in our communities and worldwide.

Our culture is defined by our principles. It is the foundation of who we are and the core of everything we do.

Outperformance: A single-minded focus on underwriting results; agile in the face of opportunity.
Innovative: We are proud to be different and will analyze every book of business with data driven capability and underwriting flair.
Inclusive: Our business is about treating people well while doing the right thing. We want a speak-up culture with open communication, irrespective of gender, ethnicity, sexual orientation or background, allowing everyone to be themselves.
Versatile: We champion individuals for their ideas, encouraging them to operate freely and rewarding them for their output.
Smart: We focus on productivity not activity.

DIVERSITY, EQUITY AND INCLUSION

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 Fidelis Insurance Group’ successes. This will be driven by a workforce that embraces Diversity, Equity and Inclusion at every level, in every department across Fidelis Insurance Group.

We welcome applications from all qualified candidates. 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 01/08/2025

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Underwriting Portfolio Analytics Manager