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 $55 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.
The Associate, Investment Operations plays an essential role in providing the day-to-day operational support for the Investment Portfolio. This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
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Assist with onboarding of new reinsurance deals into the Investments Operational infrastructure by creating new portfolios, ensuring portfolio mapping is in place, loading assets into system, etc.
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Assist with onboarding of new asset managers.
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Prepare post trade compliance reports to ensure adherence to Reinsurance and Investment Manager guidelines.
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Provide Operational support for the Alternatives portfolio including preparation of subscription documents, creating new portfolios, ensuring transaction capture in books and records, monitoring of capital calls and distributions, executing cash wires.
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Provide operational support for the derivative asset class, including preparation of system-to-system reconciliation of trades, positions, and security master data, as well as reconciling books and records to counterparty statements to ensure margin movements are booked correctly.
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Work with Clearwater to ensure transaction and positions are correct in the system.
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Support the Data Governance by assisting in defining key Investment data fields, and supporting Investments Team as new data requirements arise.
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Data Stewardship
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Review daily data quality checks within Datalake.
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Identify additional automated controls needed to improve investments data quality.
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Research breaks and resolve data issues
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Liaise with appropriate parties to resolve data issues.
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Assist in development of automated reports and dashboards to facilitate the manage of the investment portfolio and the sharing of information with key stakeholders.
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Assist in the integration of data from new asset classes or managers into Fortitude’s investments data architecture.
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Address ad-hoc inquiries relating to data, investment activities, etc.
What You Will Have:
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Bachelor's degree
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2 - 3 years of investment, accounting and/or data analysis experience
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Excellent communication and presentation skills.
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Ability to work collaboratively within a team and across departments.
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Excellent interpersonal skills, flexibility, and critical thinking skills.
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Technical expertise with Microsoft Office projects, SQL, Python and other coding languages.
#LI-Hybrid
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.
Base Salary Range
$70,000—$90,000 USD
What We Offer:
We offer our employees competitive benefits in a fast-paced, dynamic and nimble culture including:
- Unlimited PTO policy
- Up to 12 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan - US Employees Only
- Paid parental leave
- Learning and Development Stipend
- Mental Health and Wellbeing support
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
- Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
- Actuarial Program Rotation for ADP employees
- For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
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)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.
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
