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, Procurement/Supplier Management will support the procurement and sourcing team, manage accounts payable processes, and oversee third-party risk management initiatives. This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
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Assist in the Sourcing and Procurement of existing and new vendor engagements. Assist and collaborate with legal dept for processing and review of third-party agreements.
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Assist with Accounts Payable processes, including due diligence. Research, and report generation.
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Assist in managing new vendor set up/requests.
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Providing assistance to offshore team and to assist in tracking of key performance metric.
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Assist in day-to-day project work as needed.
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Develop new or analyze current reports and identify areas for improvement .
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Act as a resource for resolving complex inquiries.
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Work with Regulatory Filing and Accounts Payable teams on processing payments for State Fees and Assessments.
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Support internal and regulatory audits, operational enhancement projects, and other ad hoc requests as required.
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Support Fortitude Re management in compiling and consolidating data to build analytical reports for corporate management and staff.
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Assist with solution strategies for business requirements, enhancement requests and defect fixes. Identify, develop and deliver business and technical solutions to customer satisfaction.
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Assist with managing portfolio of sourcing engagements, track savings and spend vs. contracts.
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Build effective working relationships with stakeholders and ensure execution of commitments.
What You Will Have:
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Bachelor’s degree in finance, Information Technologies, Business Administration, Economics, or a related field.
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1-3 years of relevant work experience.
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Proficiency in Excel and PowerPoint; SQL and Coupa experience a plus.
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Ability to lead projects for departmental goals.
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Highly motivated and driven.
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Strategic and analytical problem-solving skills.
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Ability to work at a fast pace and/or handle shifting priorities.
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Ability to learn/adapt to new technology.
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Ability to deliver results under time pressure.
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Good mathematical, oral and written communication skills.
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Ability to work independently and in a team environment.
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Ability to understand processes in a larger context to look for improvements and efficiencies.
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Ability to work with cross functional teams and manage stakeholder relationships.
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Understanding of business processes and applications, including opportunities for improvements and efficiencies.
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Strong customer facing skills, ability to influence and motivate internal/externals teams and vendor partners.
#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
$56,000—$74,000 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
