[ 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 Actuarial Associate, Life Valuation and Consolidation will be a member of the FRL Valuation team, which serves the company by developing reserves and financial reporting for the life, A&H, and fixed annuity blocks of business. This role will report to the AVP, Life and Annuity Consolidation lead. The Actuarial Associate is responsible consolidation of financial reporting, analysis, maintaining and developing automation of data processes, process improvement, and ad hoc projects on life insurance business assumed by Fortitude Re. Along with other Actuarial departments, this role will work closely with Data Management, Finance and Accounting departments, along with our external auditor. The ideal candidate will have life insurance experience, experience with data and experience coding with various tools to assist in creating new processes and automating calculations.

The ideal candidate will have exposure to valuation processes has experience working with data and coding. The candidate must have excellent communication, analytical, and technical skills and the ability to interact with a team effectively. The candidate must have an entrepreneurial attitude and be able to create processes and analyses from scratch.

The preference for this role is to be located in the Fortitude Re Nashville, TN office on a hybrid schedule with minimal travel expected (0% to 10%).

What You Will Do:

• Assist with the financial reporting deliverables including US GAAP, Statutory, and Tax valuation.
• Assist and execute in the building/maintenance of our financial reporting consolidation processes, which entails coding, testing and input updates.
• Maintain and develop testing tools to validate automated processes.
• Ensure that all valuation activities follow Fortitude Re's Control Framework.
• Assist with onboarding new deals written by Fortitude Re.
• Periodically tech review work by others in Valuation.
• Assist in process improvement efforts, particularly automation.
• Assist in responding to internal and external auditor requests.
• Execute on ad hoc projects.
• Sustain status in FRL's actuarial development program, with emphasis on obtaining credentials.

What You Will Have:

• An undergraduate degree is required with preference for mathematic, actuarial sciences, and other quantitative fields.
• 1.5 years of experience.
• Excellent mathematical, analytical and problem solving skills with attention to detail.
• Mathematical and actuarial knowledge.
• Attention to detail and focus on work quality.
• Problem solving and a basic business sense of financial, accounting and economics aspects of business.
• Proficient with MS Word, Excel, and SQL.

What We Offer:

We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

• Actuarial exam support through our Actuarial Development Program
• Actuarial Program Rotation
• Unlimited PTO policy
• Up to 11 paid company holidays
• Up to 16 hours per year of paid volunteer time
• Competitive 401(k) plan
• Paid parental leave
• Tuition reimbursement
• Health, vision, dental, and life insurance with additional access to health and wellness programs
• Flexible working environment

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.

Other details

• Job Family AC - Actuarial
• Job Function Associate
• Pay Type Salary

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