Portfolio Manager

The role

Fidelis Underwriting is a leading specialty (re)insurer with offices in Dublin, London, Abu Dhabi, and Bermuda. Writing on behalf of Fidelis Insurance Group and a range of capital providers through long term binder agreements, Fidelis has established itself as one of the fastest growing and most innovative players in the London Market.

Our actuarial and portfolio management function is central to that growth. We work at the heart of the business - directly influencing underwriting, reinsurance strategy, and capital deployment. With market leading systems and an ambitious vision for data driven decision making, the team has a direct line into senior management and plays a pivotal role in shaping Fidelis' future.

Reporting to the Group Head of Portfolio & Exposure Management, the Head of Cat Risk/Portfolio Management will play a senior role in maintaining and further optimising Fidelis' portfolio across property and specialty lines. The role offers the opportunity to combine deep technical analysis with commercial judgement, directly influencing underwriting strategy, reinsurance purchasing, and capital efficiency.

This is a high visibility position, interacting with underwriters, brokers, senior executives, and external stakeholders including reinsurance partners and investors.

Key accountabilities

• Portfolio Leadership - Own inwards portfolio modelling across property and specialty lines (direct and reinsurance), ensuring accurate roll up and actionable insights for capital deployment.
• Strategic Integration of Catastrophe Models - Challenge and collaborate with the catastrophe modelling teams to embed model outputs into pricing, portfolio optimisation, and reinsurance strategy.
• Reinsurance Innovation - Lead case pricing and support the design of bespoke outwards reinsurance programmes that deliver cost efficiency, capital relief, and strategic alignment.
• Commercial Insight - Work directly with underwriters to combine business plans with portfolio PML optimisation, ensuring profitable growth and efficient use of capital.
• Business Planning & MI - Maintain and monitor the business plan, providing timely and strategic analysis to senior management, reinsurance partners, and investors.
• Process & Tool Development - Drive automation and build tools for underwriters and portfolio managers, enhancing efficiency and decision making.
• Cross Functional Collaboration - Partner with Claims and Risk Management to align reinsurance structures with emerging loss trends and maximise recovery outcomes.
• Regulatory Confidence - Ensure portfolio reporting and analysis meet regulatory standards and support audit/review processes.

Skills & experience

• At least 10 years' actuarial experience in the London Market or reinsurance pricing.
• Deep understanding of catastrophe models - including their strengths and limitations - and ability to integrate outputs into commercial decisions.
• Proven track record in outwards reinsurance pricing and structuring.
• Excellent communication skills with the ability to engage credibly with underwriters, brokers, reinsurers, and senior executives.
• Evidenced management of a team in a similar or related discipline.
• Strong technical skills (Excel essential; SQL, Python, R desirable).
• Demonstrated ability to translate technical analysis into strategic, commercially relevant insights.
• Experience as a capital or outwards RI pricing lead.
• Evidence of delivering innovation through automation, tooling, or process improvement.
• Strong ambition, intellectual curiosity, and a collaborative mindset.

Diversity, Equity & Inclusion

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 under represented groups.
• We aim to maintain a focus on equal opportunities across all stages of the hiring process.
• We measure and minimise the pay gap where possible.

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