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.
Reporting to the VP, Financial Reporting, the AVP, Financial Reporting will be responsible for assisting in the preparation of all US GAAP financial reporting requirements across all business entities.
What You Will Do:
- Oversee and prepare group consolidations in support of quarter- and year-end close
- Support the US GAAP external and internal reporting process including the preparation of annual US GAAP financial statements, management discussion and analysis, and any presentation for internal and external parties including but not limited to the Disclosure Committee, Audit Committee, Board, Investors, Banks, as well as Rating Agencies
- Prepare the financial reporting requirements for any Debt Issuance
- Ensure all controls and government processes in accordance with company and industry standards are being followed and accurately recorded.
- Assist with the maintenance and on-going development of the internal control framework as it relates to financial and statutory reporting
- Participate in process improvement and other ad hoc projects as required
- Act as a key liaison with internal and external auditors on work related to financial reporting
- Significant interaction and coordination with the actuarial, investments and tax teams
What You Will Have:
- University degree in accounting or finance
- Internationally recognized accounting designation (CPA) and a minimum of 7 years of relevant post-qualification experience within insurance
- Previous experience in financial reporting is required
- Working knowledge of US GAAP reporting standards. If role supports Group Controllership, working knowledge of US Statutory and Bermuda Statutory (SFS) reporting standards also applies
- Possess strategic and analytical problem-solving skills
- Ability to work at a fast pace and/or handle shifting priorities
- Detail oriented and highly organized
- Possess strong communication and analytical skills
- Highly motivated and results-oriented
- Proven ability to work independently
- Very strong written, verbal, and interpersonal communications skills to clearly articulate sophisticated concepts, ideas, and processes
#LI-Remote
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)
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Skills Required
- University degree in accounting or finance
- Internationally recognized accounting designation (CPA)
- Minimum of 7 years relevant post-qualification experience within insurance
- Previous experience in financial reporting
- Working knowledge of US GAAP reporting standards
- Working knowledge of US Statutory and Bermuda Statutory (SFS) reporting standards
- Experience preparing group consolidations and supporting quarter- and year-end close
- Experience preparing financial reporting for debt issuance and investor/bank/rating agency presentations
- Experience acting as liaison with internal and external auditors
- Strong analytical, problem-solving, communication, and interpersonal skills; detail oriented and highly organized; ability to work independently and handle shifting priorities
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
