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 is seeking to enter the Pension Risk Transfer (PRT) market and seeks a highly experienced and connected professional to build and lead development of our new business acquisition capability. The role will focus on partnering with a direct writer to execute a proof-of-concept reinsurance transaction over the next year. This is an exciting opportunity for a motivated individual to join a dynamic and growing organization. You will be responsible for developing market opportunities and leading pricing and product solutions for pension risk transfer to achieve profitable growth. The successful candidate will have a passion for working in a fast-paced environment and must demonstrate strong attention to detail and excellent problem-solving and communication skills. If you are an experienced professional with the qualifications outlined and are looking for an opportunity to contribute to the success of a leading reinsurer, we would like to hear from you. This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
- Define market opportunity and lead pipeline development.
- Lead, mentor, and coach a cross-business unit team to achieve successful growth.
- Monitor and report on key performance metrics related to transaction pricing and integration.
- Maintain a detailed understanding of insurance and pension industry trends and dynamics.
- Develop and maintain strong relationships with internal and external stakeholders.
- Prepare and present regular market updates to senior management and key stakeholders.
- Ensure adherence to company policies and procedures.
- Proactively identify opportunities for process improvement and innovation.
- Develop and maintain relationships with potential clients to encourage bilateral deal opportunities.
- Execute proof-of-concept transaction within 12 months.
What You Will Have:
- A deep understanding of PRT insurance markets, defined benefit plans, actuarial principles, and the ability to lead transactions.
- 15+ years of experience in the insurance/pension industry with deep expertise in business origination, PRT contract negotiation, actuarial pricing and product development.
- A bachelor’s degree in actuarial science, Mathematics, Finance or related field.
#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.
Check us out on YouTube: About Fortitude Re (youtube.com)
