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 primary purpose of the role is to provide underwriting support totheEnergyUnderwriting team.
Key accountabilities
- Assistwithday-to-dayunderwriting duties including.
- Reviewing and underwriting new opportunitiesfocusing on review of historical performance, policy wordings, and pricing adequacybased upon predefined underwriting rules and/orguidelines.
- Liaise with the placing broker throughout the underwriting cycle and policy period to ensure receipt of all necessary documents and manage any credit control issues.
- Attending regular broker meetings to generate new leadsand build relationships with key brokingpartners.
- RepresentingThe Fidelis Partnership at market events.
- Working collaboratively with other members of the constructionteam andassistin team adminduties
- Assist with Account Receivable collections whenrequired.
- Accountable for accuracy and completeness of data entry.
- Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc.
- Ensure ESG standards of the team. Working collaboratively with Underwriters and Head of Sustainability.
- Ensuring compliance with the company’s regulatory requirements.
- Adhere to the operational risk framework for the role ensuring that all regulatory or company determined parameters arecomplied with.
- Role model fordemonstratinghighest level standards of integrity and conduct and reflecting Company values.
- At all timescomplying withthe FCA’s Code of Conduct.
- Proactivelyidentifyand act on opportunities to foster a culture of continual improvement and high performance.
- Contribute to team efforts prioritising cost controls, productivity, work quality, processimprovementand data integrity.
- To ensure that you are fully aware and adhere to the internal policies that related to you, yourroleor other activities for which you have any level of responsibility.
- To report any breaches of policy to your manager asrequired.
- To escalationrisk eventsimmediately.
- To provide input to risk management processes asrequired.
Skills & experience
- Experience within underwriting or pricing either in construction or another line relevant of business.
- Progress towards ACIIor other relevant commercial insurance industry designations.
- knowledge of commercial insurance and regulatory requirements.
- Desire todevelopknowledge on risk identification and management within the global constructionsector.
- competency in MS Office applications: Word, Outlook,Exceland Adobe Standardrequired.
- Excellent written and oral communication skillswhen dealing with key stake holders internally and externally.
- Strong interpersonal skillstowork effectively and professionally with diversegroups.
- Proven prioritisation and time management skillsand ability to triage workload essential within a deadline intensive working environment.
- High levelof numeric competency combined with ability to perform detail-oriented qualitative review arerequiredtoadequately digest risk submissions.
- Must be able to self-lead effectively and work effectively both independently and with teams.
- Demonstrated ability to deliver and manageaccuratethoughtful detail-oriented work within tight deadlines and/or while working extendedworkdays.
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.
The Leader in Bespoke & Specialty insurance
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Senior Underwriting Analyst - Energy employer: The Fidelis Partnership
The Fidelis Partnership is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from a culture that prioritises professional growth, with ample opportunities for development and engagement in impactful projects that shape the future of underwriting. With a focus on analytics and real-time insights, team members are empowered to make meaningful contributions while enjoying a supportive atmosphere that values their expertise.
