About us
The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. We have built our name on a 40-year track record of outperformance, and we continue to beat the market in our underwriting and returns. More information on The Fidelis Partnership can be found at www.fidelispartnership.com
The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.
Role Overview
Reporting to the Head of Asset Backed Finance & Portfolio Credit, this newly created role involves underwriting and managing both individual portfolio credit transactions as well as the, now sizeable, Fidelis portfolio.
This portfolio is made up of first loss and excess of loss insurance of portfolios of assets including but not limited to residential mortgages, commercial mortgages, capital calls loans, commercial loas, RCFs and more.
Our solutions are innovative, tailored and mutually beneficial solutions for banks and other lenders.
Role Responsibilities
* Build relationships with brokers and banks / lenders
* Underwrite transactions including undertaking portfolio analysis independently and with the Actuarial pricing Team
* Collating data and undertaking appropriate research, including analysis of market statistics, in order to assist the analysis of deals
* Working closely with credit portfolio analyst to monitor aggregations in relation to these products, including clash risk scenarios across the group and contribute to risk reporting.
* Monitoring market, macro-economic and political developments and assess its impact on the credit quality of the Fidelis portfolio.
* Communicate conclusions effectively to underwriters, actuaries and senior management.
* Continuously improve analysis to ensure it is at the forefront of the industry in order to maintain commercial advantage.
* Participate on broker / client calls
* Assessing, analysing, and interpreting financial information.
Skills & Experience
* The candidate does not have to have worked at an insurance company
* Highly technical/quantitative individual with experience in Risk, Business, Finance, Actuarial or Accounting /numerical related experience.
* Knowledge of credit risk and economic drivers of loss.
* Awareness / knowledge Credit risk coverage of structured securities.
* Credit Risk experience
* Comfortable in understanding and/or building models – cashflow or otherwise and explanation of results/stress tests to the business.
* Working with non-standard products offerings, very strong problem-solving skills and able develop creative solutions.
* An awareness of the insurance, reinsurance and financial markets as well as being a lateral thinker.
* Must possess excellent technical ability and computer skills
* Excellent written and oral communication skills, with proven ability to communicate with senior management and external stakeholders.
The Fidelis Partnership Ethos
Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.
* Results – We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision-making and clear prioritised accountability.
* Innovate – We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
* Include – We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution
* Unite – We operate as team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
* Respond – We work in a business exposed to sudden shocks and changes – elemental, political, economic and human – so we remain nimble and ready for change.
Diversity, Equality & 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 The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.