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.
Fortitude Re’s CIO team determines and develops asset strategies designed to support reinsured liabilities and investable surplus. The team is responsible for developing and maintaining Fortitude Re’s investment plan based on its strategic asset allocation, guiding Fortitude Re’s asset managers to execute such asset strategies and monitoring the asset portfolio to assess performance and portfolio risk. The investments unit also communicates investment activities to executive management, the Board of Directors, Investment Committee, regulators and other interested parties. The group plays an essential role in the pricing and due diligence of potential new business acquisitions along with generation of analytics and cashflows used for ALM, reserving and regulatory reporting. This role will be based in our Jersey City office on a hybrid basis.
What You Will Do:
- Develop, maintain and run various models and post processes for the investment team, actuaries and capital team.
- Lead efforts for the team as it relates to the various Capital Management Team's requests for various cashflows and scenario datasets
- Contribute to BMA regulatory memos and analysis, demonstrating innovation in our approach and effectively dealing with complexity.
- Continually improve controls and enhancements to streamline all processes and procedures.
- Take complex problems the Investment’s team or other groups face and find stop-gap short term solutions as well as long term strategic plans for implementation
- Coordinate directly with Investments IT to help build, maintain and enhance existing and new processes and workflows for added efficiencies and adapting controls for the many processes the team maintains
- Manage and coordinate both planned production processes as well as all ad-hoc and time sensitive requests in a timely manner for the generation of analytics and cashflows
- Leverage team members and coordinate with investment analytics members and outside groups to effectively manage processes, answer questions and inquiries, and produce required deliverables
- Generate various control reviews for reviews and approvals for senior management and other various internal groups
- Work with different hedging groups to ensure daily, monthly and any other relevant data is provided in a timely manner and raise any issues to relevant parties
- Direct and lead the individuals within the team to design and build the necessary processes and tools needed to accomplish the tasks required of the group
What You Will Have:
- Bachelor's degree
- Strong understanding and/or prior experience with Fixed Income concepts as it relates to generating analytics and cashflows on Bonds, Derivatives and Structured Products asset types
- CFA preferred, but not required
- 7+ years of experience in investments/portfolio management or Investments Operations roles
- Strong analytical capabilities.
- Proficiency in Python and SQL is required.
- Advanced Excel skills is required.
- Knowledge of Bloomberg, FactSet & Aladdin preferred but not required.
- Very strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
#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
$145,000—$200,000 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
