[ 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.

This role will be a member of the capital management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and market expansion needs of Fortitude Re. The incumbent will serve as the in-house Variable Annuity (VA) projection expert as related to a variety of projects, such as Economic Balance Sheet (EBS), Embedded Value (EV) analysis, Modeling Methodology and Assumption Setting, etc., for the FLIAC entity. The role will be required to work closely with departments across the organization including actuarial, finance, investments and pricing teams. This role can be based in our Nashville, TN or Jersey City, NJ office on a hybrid schedule.

What You Will Do:

• Serve as the in-house expert within capital management team of the FLIAC VA projection model, focusing on financial projection and Source of Earnings (SOE) analysis.
• Working with VA modeling team on implementing changes required for Capital Management purposes.
• Produce the quarterly preparation and movement analysis of Embedded Value (EV) including sensitivities for the US based business.
• Assist in the implementation and maintenance of Economic Balance Sheet (EBS) production process for the US VA business for purpose of Bermuda Group Supervision.
• Critically review corporate level-investment and capital assumptions for consistency across reporting regimes (US GAAP, US Statutory) as well as key inputs into the process produced by other departments.
• Implement and execute controls as necessary to ensure accurate financial statement projections. Document model specification and review procedure. Collaborate with internal stakeholders including ERM and Internal Auditors.
• Assist and review key assumptions and inputs for financial projection purpose. Serve as the key liaison with actuarial modeling team and provide assumption updates and methodology changes as required.
• Assess and develop metrics to analyze projected income, reserves and capital requirements.
• Conduct ad-hoc capital analysis and financial projections to support strategic initiatives as necessary.

What You Will Have:

• Bachelor's degree in actuarial or other quantitative discipline, with a minimum of 8 years' experience working within life insurance industry. Strong VA product knowledge, valuation and modeling experience are required. Prior pricing experience with VA GMXB's is preferrable.
• Fellowship of Society of Actuaries or equivalent designation.
• Experience with actuarial projection or valuation software, database applications, business intelligence tools.

• Ability to manage multiple work assignments and meet time commitments.
• Strong oral and written communication skills.
• Detail oriented and well organized, with proven ability to work independently.

• Possess strong communication and analytical skills, and ability to solve complex problems.
• Strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.

What We Offer:

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

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

At FortitudeRe, 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 FA - Finance
• Job Function AVP
• Pay Type Salary

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