Senior Associate @ Fortitude Reinsurance

Finance & Banking (1)

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 role will be a member of the Fortitude actuarial modeling team, which serves the company by providing projections to support financial reporting and projection requirements covering US GAAP and Statutory, Bermuda Economic Balance Sheet, hedging and budget/plan. The primary responsibility of the position will be maintaining and enhancing production models for Fortitude’s Inforce block and standing up models for newly acquired business. This role will partner with risk, investments, assumptions, capital management, financial reporting and controllership teams at Fortitude to produce analysis required to manage the business.  

This role will be based in our Jersey City, NJ office on a hybrid basis.

What You Will Do:

Support the redesign and automation of actuarial workflows to improve efficiency, accuracy, and internal capabilities.
Support and occasionally lead process improvement efforts to enhance operational effectiveness and contribute to long-term modernization goals.
Assist with the development and testing of new modeling capabilities used to support strategic planning and business decision-making
Conduct peer reviews.
Collaborate with cross-functional teams and participate in support efforts for preparation of reports and documentation for regulatory filings, audits, and internal reviews.
Execute controls and governance processes.
Analyze applicable data and trends.
Support senior management on any ad-hoc requests such as assumption development, due diligence, future acquisitions, etc.

What You Will Have:

Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) with 3+ years of experience post ASA required. International equivalent actuarial designation will be accepted.
Undergraduate degree is required, preferably in actuarial science or a related field.
4+ years of insurance experience related to modeling, pricing, valuation, or risk management required, with EBS or Solvency II experience preferred.
Proficiency in Python, or similar programming languages (R Studio, C++).
Experience with database applications and business intelligence tools.
Experience with AXIS or similar actuarial projection or valuation software.
Strong analytical skills and ability to adopt a creative approach to solving complex process problems.
Ability to manage multiple work assignments and meet time commitments.
Strong oral and written communication skills.

#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

$110,000—$160,000 USD

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)

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.

Senior Associate

Modeling

Fortitude Reinsurance

Compensation Overview

Simplify's Take

What believers are saying

What critics are saying

What makes Fortitude Reinsurance unique

Benefits

Company News