Job Description
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, Capital Management Forecasting - Finance will be a member of the Capital Management Forecasting Team (CMFT), Fortitude Re’s centralized forecasting function delivering consolidated forecasts across management earnings and valuation, regulatory and rating agency, and debt covenant bases to support the company’s strategic decision-making. This position reports to the VP, Capital Forecasting Finance Manager and contributes directly to forecasting financial based metrics and integration of results into enterprise applications. CMFT partners closely with Actuarial Modeling, Investments, Treasury, and Finance, and delivers results to a broad range of internal and external stakeholders.
What You Will Do:
- Execute the quarterly production of financial-based forecast outputs, including management earnings and valuation, US GAAP, and financial-based capital constraints such as leverage ratios, across a range of scenarios and sensitivities.
- Support the development and maintenance of US GAAP-based projections, partnering with Finance on reconciliations to ensure consistency between forecast outputs and the enterprise financial reporting framework.
- Conduct detailed attribution of forecasting model results for period-over-period movements, and reconciliations of capital-based forecasts to actual and Budget results.
- Support the definition and documentation of business requirements and assist the Actuarial Modeling team in investigating issues, testing new functionality and validating changes prior to production deployment.
- Perform trend analysis to validate that forecasted reporting items are consistent with, or clearly explainable relative to, actual reported results, with particular focus on US GAAP and management basis outputs.
- Execute controls as designed to ensure the accuracy and auditability of all projection outputs and escalate issues for resolution as they arise.
- Develop and maintain supplementary processes and analytical tools to extend the enterprise forecasting model’s coverage, ensuring reporting requirements are met across entities, accounts, and business segments not directly modeled within the core architecture.
- Contribute to automation and model architecture improvement initiatives to reduce manual processes and improve scalability across forecasting outputs.
- Support the preparation of senior management and board-level reporting materials, including capital forecast summaries and variance commentary for management committees.
What You Will Have:
- Undergraduate degree required with finance, accounting, actuarial science and other quantitative fields preferred.
- 7+ years of experience in financial reporting, FP&A or a related field within the insurance/reinsurance industry.
- CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress (ASA/FSA track) also valued.
- Working knowledge of US GAAP accounting principles and financial reporting requirements; exposure to asset accounting and liability valuations a plus.
- Proficiency in financial modeling with a solid understanding of the financial and economic drivers of an insurance or reinsurance business.
- Familiarity with financial systems, general ledger platforms, and FP&A toolsets; experience supporting enterprise system requirements a plus.
- Strong project management and organizational skills with the ability to manage multiple deliverables within structured reporting timelines.
- Excellent analytical and problem-solving skills with high attention to detail.
- Effective written and oral communication skills, including the ability to summarize and present financial results clearly to internal stakeholders.
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
$160,000—$180,000 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. For more on how we handle your personal data, please review our Applicant Privacy Notice.
