Fortitude Re hiring Associate, Investments in Jersey City, New Jersey, United States | LinkedIn (2024)

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 $55 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.

Fortitude Re’s CIO team determines and develops asset strategies designed to support reinsured liabilities and investable surplus. The team is responsible for developing and maintaining Fortitude Re’s investment plan based on its strategic asset allocation, guiding Fortitude Re’s asset managers to execute such asset strategies and monitoring the asset portfolio to assess performance and portfolio risk. The investments unit also communicates investment activities to executive management, the Board of Directors, Investment Committee, regulators and other interested parties. The group plays an essential role in the pricing and due diligence of potential new business acquisitions along with generation of analytics and cashflows used for ALM, reserving and regulatory reporting.

What You Will Do:

• Oversee asset cashflow generation, includes the use of the FactSet application and other in house developed platforms while working alongside asset managers to understand complex deal structures
• Ability to work across functional groups to bring teams together and accomplish project goals and objectives
• Ensure accurate and usable deliverables to downstream business partners
• Develop quantitative data driven analysis to evaluate prospective and existing investments
• Propose and document investment assumption for use in pricing, regulatory processes, and internal analysis
• Coordinate data requests between Fortitude and various third parties including, but not limited to our asset managers
• Build and develop tools and controls to be handed off to IT for automation and streamlining of our operational processes
• Assist in the analysis, review, and recommendation of controls for various investments processes
• Ability to work across functional groups to bring teams together and accomplish project goals and objectives

What You Will Have:

• Bachelor’s degree required with 1 - 3 years of industry experience in financial services/insurance operations related function, such as, asset allocation, finance, actuarial or chief investment office roles.
• Very strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
• Ability to work across functional groups to bring teams together and accomplish project goals and objectives
• Strong analytic skills and a working knowledge of financial markets
• Familiarity with Credit Securities, Structured Products, Whole Loans a plus
• Ability to take direction and ownership of tasks and responsibilities to meet deadlines in a time sensitive environment
• CFA, or other Actuarial, Risk, Finance credentials a plus
• Proficient knowledge of Microsoft Office tools. Proficiency with more sophisticated data science techniques (SQL, R, MatLab and/or Python) a plus

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

$100,000 — $140,000 USD

What We Offer:We offer 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
• 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)

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