About the Role
The Fidelis Partnership is seeking an experienced catastrophe modelling professional to support the delivery and enhancement of its Economic Catastrophe Realistic Disaster Scenario (ECat RDS) framework on a initial 9 month contract.
This is a hands-on role that combines ownership of the quarterly ECat RDS and Aircraft Financing Insurance Credit RDS (AFIC RDS) production processes with the opportunity to review and improve one of the firm’s key capital modelling tools. The successful candidate will work closely with Pricing, Exposure Management and other stakeholders to ensure robust, accurate and timely delivery while identifying opportunities to improve model methodology, automation and governance.
Key Responsibilities
Quarterly RDS Delivery
- Take end-to-end ownership of the quarterly ECat RDS and AFIC RDS production process.
- Prepare, validate and reconcile model input data.
- Execute catastrophe model runs, investigate issues and resolve modelling queries.
- Produce outputs, analysis and management reporting to support governance and sign-off.
- Liaise with Pricing, Exposure Management, Underwriting and data providers throughout the production cycle.
- Maintain and enhance process documentation, ensuring the process is transparent, repeatable and well governed.
- Support the transition to a sustainable, consultant-led operating model with reduced reliance on the Pricing team.
Model Review and Enhancement
- Conduct a comprehensive review of the existing ECat RDS model.
- Validate known model limitations and identify additional areas for improvement.
- Assess methodological, data quality and operational issues affecting the model.
- Develop practical recommendations to improve model accuracy, efficiency, scalability and governance.
- Produce a prioritised roadmap for future model enhancements.
- Clearly communicate the trade-offs associated with proposed improvements, including impacts on complexity, runtime, governance and accuracy.
- Contribute to the design of future model upgrades, ranging from targeted improvements through to broader redesign initiatives.
Stakeholder Management
- Work collaboratively with Pricing, Exposure Management, Capital Modelling and other business functions.
- Present findings, recommendations and progress updates to senior stakeholders.
Ensure all work is appropriately documented to support audit and regulatory requirements
Skills and Experience
Essential
- Strong experience in catastrophe modelling, capital modelling or portfolio aggregation.
- Experience operating and maintaining complex catastrophe or economic capital models.
- Strong analytical and problem-solving skills.
- Experience working with large datasets and model validation processes.
- Excellent stakeholder management and communication skills.
- Ability to work independently while managing multiple priorities.
- Experience documenting complex models and processes.
Desirable
- Experience with ReMetrica or similar catastrophe modelling platforms.
- Knowledge of Lloyd’s market reporting and Realistic Disaster Scenarios.
- Experience within the London Market insurance or reinsurance sector.
- Understanding of exposure management and catastrophe risk modelling.
- Experience identifying and implementing process automation opportunities.
FIDELIS 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 AND INCLUSION
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We believe that developing and maintaining a diverse and inclusive organisation is critical to our success. Our hiring, assessment and selection process must be fair, free from bias and one which ensures we select the right person for the job, based on merit.
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 James.Lochrie@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
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