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 Assistant Vice President – Strategic Finance is responsible for the key preparation and coordination of finance diligence on prospective deal activity across both our Life & Annuity and General Insurance lines of business and play a key role in long term capital and financial projection development. This position will require significant interaction and partnering with our corporate development, pricing actuarial, finance and capital teams. This position reports to the VP, Strategic Finance and will be based in our Bermuda office.
What You Will Do:
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Prepare pro-forma financial statements at the consolidated and legal entity level under various reporting bases, including U.S. GAAP and Bermuda Economic Balance Sheet, to explain the impact of potential deal structures on existing and forecast financial results to GAAP and adjusted management metrics.
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Review the funding and leverage impacts of the deal pipeline on current and future funding capacity.
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Review the capital impact of potential deals under the Bermuda Solvency Capital Requirement (BSCR) rules at a legal entity and group level.
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Performing a review of deal pricing models and executing a review and challenge of GAAP results produced through the pricing process.
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Preparation of monthly Management and quarterly Board reporting materials.
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Develop and enhance controls around long-term modeling and forecasting.
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Working in tandem with multiple departments across the company, including controllership, reinsurance operations, treasury, capital management, rating agency, tax and accounting policy.
What You Will Have:
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Professional designation (e.g. CA, CFA or CPA or equivalent) combined with minimum of 5 years of post-qualification experience.
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GAAP & Bermuda EBS accounting experience for either Property & Casualty or Life & Annuity reinsurance
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Experience with creating and developing financial models.
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Proven track record for exceeding expectations on various, simultaneous projects with tight deadlines.
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Proficient in Microsoft Office products, with strong ability in Microsoft excel.
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Highly motivated and creative / strategic thinker.
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Excellent verbal and written communication skills.
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Strong management and leadership skills, with the ability to manage processes working with a diverse team across multiple departments & locations.
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
$135,000—$150,000 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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