Vice President Operational Accounting Leader
$185k - $200k+ Annual bonus
Expert
Bachelor's
Nashville, TN, USA
Hybrid
AccountingFinancial Accounting
About the job
Requirements
- A bachelor's degree in Accounting, Finance, or a related field is required.
- At least 10 years of progressive financial management experience is required; public accounting experience is preferred, and at least 5 years must be in a leadership role.
- Thorough knowledge of Life & Annuity reinsurance industry accounting principles, financial reporting standards, and regulatory compliance is required.
- Strong knowledge of US GAAP, US STAT, SFS, and EBS accounting rules and requirements is required.
- Proficiency in financial software, ERP systems such as SAP and Workday, and AI tools such as Foundry and Claude is required.
- Strong process and control orientation, with experience in audits, walkthroughs, and control enhancement, is required.
- External vendor oversight experience is required.
- Strong analytical skills and the ability to interpret complex financial data with attention to detail are required.
- Ability to manage multiple priorities and meet tight deadlines is required.
- Excellent verbal and written communication skills, including the ability to influence senior leadership, are required.
- A CPA or CA credential is preferred.
- Experience as a proven change agent with automation, AI, and systems implementation is preferred.
Responsibilities
- Maintain and refine the general ledger structure and chart of accounts in collaboration with Strategic Projects.
- Lead legal entity accounting, consolidation, and intercompany processes, ensuring adherence to GAAP, STAT, SFS, EBS, and internal methodologies.
- Oversee foreign exchange translations, the cash flow statement, and related-party accounting.
- Oversee development and maintenance of the account hierarchy and ensure journal entries are executed in alignment with internal policies.
- Prepare SUM and support the SAB 99 process in coordination with Financial Reporting and Financial Controls.
- Develop and maintain robust control procedures, including reconciliations, and drive execution of reconciliations and related controls.
- Support evolving business needs, such as new transactions and debt issuances, with timely, accurate, high-quality financial reports.
- Oversee operational accounting activities across all legal entities and reporting bases, including record-to-report, accounts payable, accounts receivable, travel and expense, third-party administrator accounting and communication of results, corporate expenses, debt, and cash.
- Manage quarterly ledger feeds and new account setups, and ensure accurate legal entity allocations.
- Lead the development and submission of relevant Sidecar accounting packages.
- Monitor and ensure accounting policy alignment across operational entries.
- Drive execution of reconciliations, including suspense reconciliations, and controls over cash, vendors, and intercompany processes.
- Coordinate related approvals and work with Treasury to settle intercompany balances monthly.
- Identify opportunities to streamline, automate, and standardize operational processes across legal entities and reporting bases.
- Monitor Prudential and Heritage ledger feed execution and new account setup processes.
- Partner with internal stakeholders to evaluate and implement financial systems and technologies, including AI, to improve efficiency and accuracy.
- Drive standardization and documentation of processes to ensure consistency and compliance.
- Partner with internal and external stakeholders to ensure transparency and audit readiness.
- Lead and mentor a team of accounting professionals, providing guidance and fostering a collaborative, results-oriented culture.
- Promote continuous improvement, automation, and accountability.
Desired Qualifications
- Public accounting experience is preferred.
- A CPA or CA credential is preferred.
- Experience as a proven change agent with automation, AI, and systems implementation is preferred.
About the company
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
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Simplify's Take
What believers are saying
- June 2026 Fortitude Re issued $500 million FABNs, widening funding flexibility.
- July 2026 Unum transaction adds $3.8 billion LTC reserves and expands flow business.
- Asia expansion through FCA Re secured over $700 million deployable capital in 2026.
What critics are saying
- July 2026 Unum LTC deal depends on approvals and retrocession, delaying cash generation.
- AM Best flagged short-term liquidity and regulatory-capital pressure from the Unum transaction.
- Large legacy liabilities and valuation volatility make a mispriced block catastrophic for equity.
What makes Fortitude Reinsurance unique
- Fortitude Re pairs runoff expertise with Carlyle-backed capital and Bermuda licensing.
- July 2026 AM Best affirmed A ratings, citing very strong capital and management.
- September 2026 Dayforward acquisition added policy administration, distribution, and annuity technology.
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Benefits
- Hybrid Work Options
- Performance Bonus