Outwards Operations/Reinsurance Manager

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

We are seeking a highly skilled and detail-oriented Outwards Operations/Reinsurance Manager to lead on all aspects of our outwards reinsurance activities. The role is critical to providing critical oversight of the reinsurance activities of our key outsourced provider and ensuring efficient and accurate operations of the reinsurance activity. You will be responsible for administering reinsurance programs, overseeing the activities of our outsourced provider as it relates to outwards reinsurance activity, and ensuring compliance with regulatory and internal requirements.

Key Accountabilities

• Coordinate and provide oversight of the reinsurance administration activities, including premium calculation, recoveries, claims reporting, and data management.
• Ensure compliance with regulatory reporting requirements and internal governance standards.
• Analyse and report on reinsurance market trends and developments that may impact the company's risk strategy.
• Prepare management reports and presentations for senior leadership and Board committees as required.
• Support renewal processes by preparing underwriting information, exposure data, and loss history summaries.
• Work with the business to deliver analysis that assists in developing, implementing, and managing the company's outwards reinsurance strategy in line with business objectives.
• Collaborate with underwriters, actuaries, finance, and claims teams to assess reinsurance needs and support pricing, reserving, and capital planning activities.
• In conjunction with actuarial and underwriting, monitor the performance and effectiveness of reinsurance programs and recommend improvements where necessary.
• Lead and develop team members (if applicable) to support the growth and effectiveness of the reinsurance function.

Skills & Experience

• Bachelor's degree in insurance, finance, actuarial science, or a related field (professional designations such as ACII, CPCU, or equivalent preferred).
• Minimum 5-8 years of experience in outwards reinsurance, either within an insurer, reinsurer, or broker.
• Strong technical knowledge of treaty and facultative reinsurance across multiple lines of business.
• Solid understanding of insurance and reinsurance financials, including loss triangles, IBNR, and capital models.
• Highly organized with strong project management abilities.
• Analytical mindset with a high level of attention to detail.
• Ability to communicate complex concepts clearly to a range of stakeholders.
• Experience with reinsurance administration systems and exposure management tools is an advantage.

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 [email protected] to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.