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 AVP, SAP FPSL & Technical Lead participates in analyzing, designing, and assisting of SAP FPSL solutions with focus on end-to-end processes, supporting all relevant business requirements and system architecture to fulfill Fortitude-re needs. The role will create various reports, functional and technical documentation. This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
- Manage and coordinate with BAU teams with support for FPSL application after implementation, including daily support, error handling, additional configuration, reconciliation, problem identification, reporting, tracking analysis and resolution.
- Manage and coordinate with BAU teams with support in the architecture of SAP FPSL, BTP, ABAP and all other Accelerators at the implementation phase and further support after the implementation.
- Translate business requirements into functional/technical design and solutions
- Lead & design and implement of other Data integrations or other tools into SAP FPSL as we acquire into the company.
- Resolve technical issues in all SAP environments, using ABAP, Business Add-In (BAdI) , CDS views, connections knowledge and technical expertise.
- Manage user creations and roles assignment. Maintain user profiles in adherence to compliance and standard operation procedures.
- Perform initial setup, prototype, configuration, and testing to support the design sessions and to fulfill future business requirements after the implementation.
- Design and document the required configurations for SAP FPSL as per the blueprint, including documenting test results, and support go-live efforts.
- Recommend best practices for configuring SAP FPSL considering the overall architecture to achieve integration, high performance, and stability.
- Work closely with end users to design the proper SAP FPSL solution(s) to support defined business processes and business requirements.
- Actively participate in training and knowledge transfer sessions to enable end users to understand SAP FPSL.
- Independently test the solution designed for major enhancements and continuous improvements
- Work closely with key business users to prioritize and work closely with the BAU team to resolve production issues within the subledger function.
- Hold regular stakeholder communications on BAU activities and KPI’s that includes continuous improvements and automation efforts
- Design and implement automation of manual processes
- Should be able to address technical and functional issues.
What You Will Have:
- Minimum 8 years of experience in SAP Finance and Controlling.
- At least 1 E2E SAP FPSL Implementations and supporting FPSL application after implementation.
- Knowledge of SAP best practices and standardized business processes.
- Knowledge of Insurance Accounting (US GAAP, US STAT, FX)
- Knowledge of FPSL system Configuration (e.g. Derivation Rule framework)
- Knowledge of FPSL Data model
- Knowledge of SAP workflow configuration
- SAP BW – understanding of the BW environment and DSO
- SAP BTP – knowledge of the platform and how to set up connection b/w SAP and other environments
- SAP ABAP programming skills
- Exceptional communication skills.
- Possess critical thinking skills with an ability to research and solve complex problems or questions and ability to clearly communicate with internal/external team members regarding issues and deliverables.
#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
$140,000—$190,000 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.
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
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