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.
This is a senior role responsible for supporting the legal, regulatory, governance and compliance functions of the Fortitude Re Group of Companies (the “Group”). This position is a direct report to the Group General Counsel and will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
Provide advice and guidance to business and functions across the organization, including in the areas of:
Transactional
- Structure, negotiate and draft contracts including bespoke M&A and (re)insurance transactions and agreements ancillary thereto for life & annuity and property & casualty (re)insurance business lines
- Draft, negotiate and advise on commercial transactions, including financing and general corporate contracts
- Advise on transaction structure options, taking into account legal, regulatory and rating agency considerations
- Advise on corporate and legal entity expansion and restructuring options
Regulatory & Governance
- Establish and oversee processes to secure and maintain legal entity regulatory compliance
- Represent Group’s interests through participation in applicable industry and trade organizations
- Support preparation of board materials and board meeting approach and strategies
What You Will Have:
- Minimum of 7 years of relevant experience with a highly recognized law firm or as a senior in-house counsel
- Significant experience with the insurance and reinsurance business, including legacy or other closed block portfolios in both life & annuity
- Experience interacting with board of directors and board committees
- Experience interacting with regulators and rating agencies
- Proven effective communicator, demonstrating flexibility to adapt to different audiences
- Demonstrated experience as a change agent, driving innovative and effective approaches to problem solving
- Demonstrated commitment to excellence in the provision of legal and compliance advice
- Strong analytic and problem-solving skills
- Collaborative approach
- Discretion with confidential information
- Deep understanding of the legal and compliance system as it affects business
- Excellent communication and interpersonal skills
- Simultaneously flexible and detail-oriented
- Superior judgment
#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
$288,800—$362,000 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
- In addition to base salary, we offer discretionary incentive compensation based on the role to reward the achievement of annual performance objectives
- 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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