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.
The AVP, VA Financial Reporting Actuary Manager role is a key role that leads, delivers and directly participates in the key deliverables of the Variable Annuity financial reporting team. The role is responsible for executing all aspects of US statutory / tax and US GAAP reserves and financial reporting for the VA block, as well as Cash Flow Testing, stress testing and EV/Strategic Plan projections. The role includes delivery and communication of results to outside stakeholders and it is generally expected that ownership of key reporting projects within the VA financial reporting team will be split amongst the AVP positions. The AVP, VA Financial Reporting Actuary Manager is also responsible for managing a team, leading and developing a high-performing team while ensuring alignment with organizational strategy through proactive coaching, succession planning, and cross-functional collaboration.
This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
- Prepare timely and accurate reporting of US GAAP reserves.
- Prepare timely and accurate reporting of US statutory reserves, tax reserves and all required statutory filings.
- Support the CFT process and analysis.
- Prepare timely and accurate reporting of RBC Stress Testing sensitivities, as well as EV and Strategic Plan projections.
- Develop and enhance results analysis and attribution for each reporting basis.
- Execute controls and governance processes.
- Support Finance by providing information and exhibits needed for financial reporting.
- Support other functional areas and management on information requests and initiatives as needed.
- Support the evaluation and potential integration of future acquisitions.
- Own the growth, performance, and future readiness of team members through structured development planning, coaching, and succession management.
What You Will Have:
- An undergraduate degree is required with preference for mathematic, actuarial sciences, and other quantitative fields.
- This individual will be a Fellow of the Society of Actuaries (FSA) or an Associate of the Society of Actuaries (ASA) with 7+ years of experience.
- 7+ years of actuarial experience in the Life and Annuity insurance industry with a minimum of 3 years in variable annuity valuation and financial reporting.
- Experience and proficient knowledge in US Statutory or US GAAP accounting frameworks for variable annuities.
- Proficient knowledge with VA products and familiarity with VA modeling.
- Proven track record of successfully owning financial reporting deliverables and improving process efficiency.
- Demonstrated success working in collaborative teams and in working with cross-functional teams and senior management.
- Demonstrated leadership, with the ability to direct and lead members of the team.
#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.
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)
Skills Required
- Fellow or Associate of the Society of Actuaries
- 7+ years of experience in actuarial roles
- Experience in Life and Annuity insurance
- Knowledge of US GAAP and statutory accounting for annuities
- Leadership experience in managing teams
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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