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.
The Assistant Vice President & Actuary, Life Pricing, will be an experienced technical contributor who plays a key role in pricing, structuring, and analyzing potential life and annuity reinsurance transactions. This role can be based in our Nashville, TN office on a hybrid schedule.
What You Will Do:
- Build and run pricing models, analyze results, produce sensitivities.
- Iterate on reinsurance structure and treaty terms to optimize solutions for counterparties.
- Communicate pricing results and recommendations to internal stakeholders.
- Work with internal teams to onboard successful transactions.
- Follow applicable governance and pricing standards.
- Review, validate, and extend existing models.
- Support junior team members in their growth and development.
What You Will Have:
- Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
- Strong modeling and technical skills (Excel modeling skills required, AXIS/SQL/Python/Julia a plus).
- Previous experience in pricing, corporate FP&A, Capital Management, Valuation, Financial Reporting, Reinsurance, and/or ALM. Experience with Bermuda’s regulatory framework for long-term insurance a plus.
- Strong communication and interpersonal skills, adaptable, and a team player.
- Organized, reliable, detail-oriented, and motivated to support delivering timely results and quality work products.
- Ability to prototype models for validation and ground-up development, learning real-time, anticipating problems or challenges and proactively addressing them.
- A strong conceptual understanding and hand-on experience with different financial reporting bases (e.g. US/Canadian/Bermuda/International regimes).
- Drive to solve problems in a disciplined and pragmatic way.
#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.
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.
