[ 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 an experienced VA actuary to support building the VA valuation and financial reporting team responsible for statutory / tax, GAAP and CFT for the PALAC VA block. This is a critical role as Fortitude Re integrates the PALAC VA business.

The ideal candidate will have significant experience with VA products and VA US accounting frameworks. The successful candidate must have a desire and proven track record to improve process efficiency. The candidate must have excellent communication skills and the ability to interact with management and business partners effectively.

This role will report to the VP, VA Financial Reporting Actuary. The VP, VA Financial Reporting is responsible for building and leading the valuation and financial reporting team for the VA block.

This role will be an integral part of the valuation and financial reporting team for the VA block and will support all aspects of US statutory / tax and US GAAP reserves and financial reporting.

What You Will Do:

• Execute project plan for VA financial reporting operational readiness
• Prepare timely and accurate reporting of US GAAP reserves
• Prepare timely and accurate reporting of US statutory reserves, tax reserves and all required statutory filings
• Support the CFT process and analysis
• Develop and enhance results analysis and attribution for each reporting basis
• Execute controls and governance processes
• Support Finance by providing information and exhibits needed for financial reporting
• Support other functional areas and management on information requests and initiatives as needed
• Support the evaluation of future acquisitions

What You Will Have:

• An undergraduate degree is required with preference for mathematic, actuarial sciences, and other quantitative fields.
• This individual will be a Fellow of the Society of Actuaries (FSA) or an Associate of the Society of Actuaries (ASA) with 7+ years of experience.
• 7+ years of actuarial experience in the Life and Annuity insurance industry with a minimum of 3 years in variable annuity valuation and financial reporting
• Experience and proficient knowledge in US Statutory or US GAAP accounting frameworks for variable annuities
• Proficient knowledge with VA products and familiarity with VA modeling
• Proven track record of successfully owning financial reporting deliverables and improving process efficiency
• Demonstrated success working in collaborative teams and in working with cross-functional teams and senior management
• Ability to lead change and projects

The base salary range for this role is $150,000-$180,000 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 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 AC - Actuarial
• Job Function AVP
• Pay Type Salary

Apply Now ]