Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re.
Position Summary
The AVP, Quantitative Developer supports Fortitude Re’s Market-Linked Product Analytics function by developing, maintaining, and enhancing quantitative models and tools that connect capital markets and insurance liabilities. This role is responsible for derivatives valuation, scenario testing, and balance-sheet analytics that support Fortitude Re’s variable annuity, fixed indexed annuity, and other market-sensitive products. Reporting to the SVP, Market-Linked Product Analytics, the AVP plays a hands-on role in building and validating quantitative infrastructure, ensuring that Fortitude Re’s hedging, risk management, and transaction analysis are supported by accurate and effective models.
What You Will Do:
- Design, implement, and maintain derivatives valuation and risk analytics models supporting market-linked products and balance-sheet exposures.
- Develop tools for stress testing, scenario analysis, and hedge effectiveness measurement across Fortitude Re’s liabilities and reinsurance transactions.
- Support the evaluation of new reinsurance opportunities and transactions through quantitative modeling of capital markets-sensitive exposures.
- Perform derivatives pricing and valuation analysis, including calibration, back-testing, and sensitivity analysis.
- Collaborate with Actuarial, Risk, Finance, and Investments to ensure alignment of models with Fortitude Re’s ALM and capital management frameworks.
- Partner with IT and external vendors to onboard and integrate third-party models and ensure data integrity.
- Enhance reporting and automation capabilities to improve efficiency and transparency of analytics delivered to senior management.
- Prepare presentations and materials summarizing quantitative analysis for use by the SVP and other senior leaders.
What You Will Have:
- 8+ years of experience in quantitative analytics, derivatives modeling, or capital markets roles within insurance, reinsurance, or financial institutions.
- Advanced degree strongly preferred in a quantitative discipline such as finance, economics, mathematics, statistics, engineering, or physics.
- Proven experience with derivatives valuation, stochastic modeling, and scenario analysis.
- Strong programming and technical skills, particularly in Python, SQL, or MATLAB; proficiency with data visualization and reporting tools a plus.
- Knowledge of capital frameworks and accounting standards (US GAAP, statutory, Bermuda/EBS) as they relate to market-linked products.
- Strong analytical and problem-solving skills, with the ability to translate quantitative insights into actionable recommendations.
- Ability to work independently while collaborating across functions in a fast-paced environment.
- Strong written and verbal communication skills, capable of presenting quantitative findings clearly to both technical and non-technical stakeholders
What Sets You Apart
- Entrepreneurial, intellectually curious, and comfortable working in a fast-paced, collaborative environment.
- Excellent communicator — able to distill quantitative findings into actionable insights.
- Highly motivated, analytical, and detail-oriented, with a desire to see projects through end-to-end.
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
Top Skills
What We Do
Born as an innovative system integrator in 2009, Databiz evolves in 2018 into a holding company (Databiz Group), in order to scale fast and face the evolving market scenario.
2021 is a milestone year: Databiz Group transforms into Fortitude Group, aggregating innovative competences and methodologies to address the contemporary digital transformation challenges. This rename and rebrand represents a significant step in the company’s evolution, redefining the Group’s identity, driving change and shaping the future of the entire ICT landscape.
The Group includes:
- Bitrock
- Radicalbit
- ProActivity
