Full-Time

AVP – Compensation

Fortitude Reinsurance

Fortitude Reinsurance

501-1,000 employees

Acquires and manages legacy runoff liabilities

Compensation Overview

$145k - $170k/yr

+ Bonus

New York, NY, USA

Hybrid

Category
People & HR (1)
Required Skills
Workday HRIS
Human Resources Information System (HRIS)
Data Analysis
Requirements
  • 7–10+ years of progressive experience in compensation, including program design and governance
  • Strong expertise in broad-based compensation, including base, incentive, and equity programs
  • Experience leading enterprise job architecture and leveling frameworks, including salary structure design, governance, and organizational enablement
  • Demonstrated ability to lead enterprise compensation cycles and influence stakeholders
  • Strong analytical capability with the ability to translate data into business insights and recommendations
  • Working knowledge of compensation regulations, including pay equity and pay transparency
  • Experience with HRIS and compensation tools (e.g., Workday)
  • Proven ability to lead cross-functional initiatives and manage competing priorities in a fast-paced environment
  • Excellent communication, organizational, and project management skills with the ability to translate complex technical information for general audiences
  • Demonstrated ability to collaborate with cross-functional teams
  • Bachelor’s degree or equivalent professional experience preferred; advanced degree or relevant certifications (such as CCP) a plus
Responsibilities
  • Partner with the SVP, Total Rewards to operationalize and evolve the company’s compensation philosophy and strategy
  • Play a leading role in the governance and continuous improvement of compensation programs, including base salary structures, incentive plans, and equity programs
  • Establish and maintain frameworks, guidelines, and controls to support consistent and effective pay decisions
  • Ensure integration with benefits, well-being, and overall employee value proposition
  • Act as consultant to People Partners, Talent Acquisition, and management on compensation matters, including the total rewards strategy, compensation philosophy, market benchmarking, internal equity, policies, procedures
  • Influence decision-making through data-driven insights and a strong understanding of business priorities
  • Responsible for the end-to-end management of annual compensation cycle, including salary increase, bonus, and equity planning
  • Oversee tools, modeling, and processes to enable efficient and effective decision-making
  • Establish and lead compensation communication and education strategies that embed understanding of the company’s compensation philosophy and enable consistent application of compensation practices across the organization
  • Ensure clear communication and enablement for People Partners and business leaders
  • Oversee the administration and governance of equity programs, ensuring effective execution and alignment with total rewards strategy
  • Own the relationship with the company’s third-party equity administration vendor, including oversight of day-to-day operations, service delivery and process effectiveness
  • Partner with Accounting to support equity related reporting, expense management and compliance requirements
  • Contribute to the evolution of equity programs and practices in line with business needs
  • Develop and deliver training and educational materials to enhance participant understanding of equity program and support informed decision-making
  • Lead the organization’s approach to market benchmarking and compensation analytics
  • Translate external market data and internal insights into actionable recommendations
  • Develop scalable reporting and tools to support ongoing decision-making
  • Lead pay review analyses and partner with the SVP, Total Rewards on remediation strategies
  • Ensure compliance with compensation-related regulations, including pay transparency requirements
  • Partner with People & Culture Partners and Legal to proactively manage risk and uphold equitable pay practices
  • Check us out on YouTube: About Fortitude Re (youtube.com)
Desired Qualifications
  • Advanced degree or relevant certifications (such as Certified Compensation Professional) is a plus
  • Experience with AI-driven tools and analytics to enhance compensation insights, decision-making, and process efficiency
Fortitude Reinsurance

Fortitude Reinsurance

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Fortitude Reinsurance buys and manages legacy insurance blocks, mainly life, annuity, and P&C runoff, to free clients' capital. It holds the liabilities and related assets, earning returns from investments and by running down the blocks over time. With a global footprint centered in Bermuda, it is backed by The Carlyle Group and T&D Holdings, giving it strong financial backing. Its goal is to help insurers optimize capital and protect policyholders while expanding its reinsurance business.

Company Size

501-1,000

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$2.1B

Headquarters

Hamilton, Bermuda

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Launched Fortitude Carlyle Asia Reinsurance in 2024 with $700M capital targeting Asian annuities.
  • Secured $4B reinsurance deal with Taiyo Life and Unum Life agreement in 2024.
  • Raised $500M notes for FLIAC, boosting liquidity for legacy block acquisitions.

What critics are saying

  • James Bracken's 2024 exit to Zurich erodes strategic execution in U.S. operations.
  • Greta Hager's August 2024 CFO start disrupts Asia expansion financial oversight.
  • Apollo's Athene captures U.S. life runoff market share through 2026.

What makes Fortitude Reinsurance unique

  • Fortitude Re specializes in acquiring runoff life, annuity, and P&C insurance blocks from global insurers.
  • Bermuda-based with U.S. platform via Fortitude U.S. Reinsurance Company acquired in 2022.
  • Backed by Carlyle Group and T&D Holdings for capital-intensive legacy reinsurance deals.

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Benefits

Hybrid Work Options

Performance Bonus

Company News

Conyers
Nov 1st, 2025
Fortitude Re's Formation and Launch of Fortitude Carlyle Asia Reinsurance, Ltd.

Fortitude Re's formation and launch of Fortitude Carlyle asia reinsurance, ltd. Conyers advised FGH parent, L.P. ("FGP", and together with its subsidiaries, "Fortitude Re") in connection with the structuring, formation and launch of Fortitude Carlyle asia reinsurance, ltd. ("FCA Re"), and its affiliated holding entities. Fortitude Re, a leading global reinsurance company, partnered with global investment firm Carlyle (NASDAQ: CG) to form FCA Re as a Bermuda-based Class E reinsurance sidecar, to support Fortitude Re's strategic expansion into the Asian life and annuity market. FCA Re has secured over US$700 million in deployable capital, including equity and expected debt capacity. In addition to Fortitude Re and Carlyle, equity commitments were made by a consortium of institutional investors including T&D Insurance Group, AllianceBernstein, Shinhan Life, and the National Pension Service of Korea (NPS). Fortitude Re will act as the insurance sponsor, while Carlyle will serve as the asset management sponsor. Upon full capital deployment, FCA Re is expected to contribute approximately US$10 billion in fee-earning assets under management to Carlyle. The Conyers team led by Jacqueline King advised on all aspects of Bermuda law and regulation relating to the structuring of FCA Re, the capital raised through both equity and debt financing, and obtaining the licensing and transaction related approvals to ensure FCA Re was licensed to reinsure initial flow and block reinsurance transactions from Fortitude Re related to whole-life products and fixed annuity products. Director Jacqueline King, Senior Associates Alexis Haynes and Kathleen McBeath, and Associates Jacari Brimmer-Landy and Ryann Hollis provided Bermuda law advice on this matter, working alongside Debevoise & Plimpton LLP. Partner Anna-Lise Wisdom and Associate Farrah Miller provided Cayman Islands law advice.

Intelligent Insurer
Sep 30th, 2025
Fortitude Re Raises $500M in Notes

Fortitude Re, a Bermuda-based reinsurer, has raised $500 million through the funding agreement-backed note market for its Fortitude Life Insurance & Annuity Company (FLIAC).

Newton Media Ltd
Sep 30th, 2025
Fortitude Re raises $500m via funding agreement-backed notes

Fortitude Re raises $500m via funding agreement-backed notes.

Reinsurance News
Mar 21st, 2025
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life

Fortitude Re announces $4bn reinsurance agreement with Taiyo Life.

The Royal Gazette
Feb 27th, 2025
Fortitude Re subsidiary signs reinsurance deal with Unum Life

Fortitude Re subsidiary signs reinsurance deal with Unum Life.