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 Senior Associate, Investments is a key member of the Investment team’s Asset-Liability Management (ALM) strategy, asset allocation, portfolio management, hedging activities and more. The role will work closely with portfolio managers to perform actuarial and financial modeling, sensitivity analysis, pro-forma projection and big data analysis to improve portfolio performance, evaluate investment strategies, and support risk and capital management along with overall portfolio management. Responsible for building analytical tools, identifying and measuring key risk factors, and streamlining reporting to maximize efficiency and scale. This role will be based in our Jersey City office on a hybrid basis.
What You Will Do:
- Support daily management of existing asset portfolios.
- Build and review attribution tools to analyze key drivers and suggest ways to improve portfolio performance.
- Collaborate with asset managers to develop investment recommendations based on market conditions and Fortitude Re’s ALM positioning.
- Evaluate new investment opportunities and the efficacy of interest rates and FX hedging strategies.
- Provide scenario analysis and sensitivity testing for various market stress scenarios and capital initiatives.
- Collaborate with other areas of the company to perform capital and risk analysis such as asset modeling, cash flow testing and economic valuation.
- Review and enhance data flow and process efficiency.
- Build strong working relationships across the firm.
What You Will Have:
- Bachelor's degree in a quantitative or financial discipline.
- Master’s degree in quantitative or financial discipline, and/or CFA is preferred.
- Strong analytical capabilities.
- Knowledge of financial markets, investment products, fixed income valuations.
- Knowledge of ALM, insurance products, and financial modeling experience.
- Knowledge of Bloomberg and advanced Excel skills is preferred. Familiarity with Python, R, Matlab, SQL is a plus.
- Strong technical background in analysis and reporting using MS Office.
- Ability to demonstrate leadership and ownership over responsibilities and ability to collaborate across various teams.
- Excellent documentation habits, oral and written communication and presentation skills, including the ability to distill complex ideas into simple explanations.
#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.
