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.
We are seeking an experienced Assistant Vice President (AVP) and Actuary to join the Experience Study and Analytics team. The selected candidate will play a pivotal role in the creation and analysis of life and annuity experience studies. As an AVP and Actuary, you will be responsible for developing comprehensive research, analyzing data, and providing insights to enhance our actuarial processes. The successful candidate will possess a strong background in experience studies, programming skills preferably in Python, and familiarity with actuarial controls.
The position is located in the Fortitude Re Nashville, TN office on a hybrid schedule with minimal travel expected (0%-15%).
What You Will Do:
- Develop Life and Annuity Experience Studies: Lead the development and execution of life and annuity experience studies to evaluate mortality, persistency, and other key metrics. Analyze trends and patterns to identify areas for improvement and inform assumption setting.
- Data Analysis and Interpretation: Utilize advanced statistical methods and actuarial techniques to analyze large datasets. Extract meaningful insights and communicate findings effectively to stakeholders. Review and assist in developing scripts and tools to facilitate data manipulation, analysis, and visualization.
- Implement Actuarial Controls: Implement control best practices on experience studies. Ensure proper documentation of methodologies, assumptions, code, and results to support transparency and reproducibility.
What You Will Have:
- Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA.
- 5+ years of experience in actuarial roles within the insurance or financial services industry.
- Experience with managing a small team is preferred.
- Familiarity with reinsurance is a plus.
- Strong proficiency in actuarial concepts and methodologies, including experience studies, pricing, and reserving.
- Proficient programming skills, with expertise in Python preferred. Familiarity with other programming languages (e.g., R, SQL) is a plus.
- Experience with version control systems (e.g., Git) and collaborative development environments is a plus.
- Excellent analytical and problem-solving abilities, with a keen attention to detail.
- Effective communication skills, with the ability to convey complex concepts to diverse audiences.
- Proven track record of delivering high-quality work products within established timelines.
- Commitment to professional development and staying abreast of industry trends and best practices.
#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.
