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Fortitude Re

Fortitude Re

Senior Actuarial Associate, Fortitude Actuarial Consulting Team (FACT)

Senior Actuarial Associate, Fortitude Actuarial Consulting Team (FACT)

Job Details
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Uploaded On
June 29, 2023
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Location
Nashville, United States
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Remote?
No
Company Overview
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Headquarters
Pembroke, Bermuda
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Number of Employees
107
Estimated Number of Actuaries
111
Salary
$
110
k-$
145
k
Glassdoor Ratings
""
Recommend to a Friend
57%
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Overall Score
3.2 / 5

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[ 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.

Are you looking for a role where you can be part of a team of internal actuarial consultants? Do you want to work in a fast-paced growth focused organization that rewards initiative, collaboration, and an entrepreneurial spirit?

Fortitude Re is establishing an internal actuarial consulting team to lead strategic initiatives at the company including regulatory and financial reporting changes, capital optimization and new business onboarding. The Senior Associate will work on high profile projects under tight timelines while handling multiple priorities. The ideal candidate will have experience with modeling, project planning and project delivery to senior stakeholders. The candidate must have excellent communication skills and the ability to interact with numerous stakeholders. This role will be based in our Nashville office on a hybrid schedule.

What You Will Do:
  • Function as a critical member of the Fortitude Actuarial Consulting Team (FACT)
  • Support high priority projects end-to-end, including scoping, project planning, execution, delivery of results to senior stakeholders, and hand-off of applicable models/tools to business units
  • Support new business onboarding, impact testing of regulatory changes (BMA), implementation of new financial reporting regime (LDTI), capital optimization and internal capital model build

What You Will Have:
  • 3 plus years of experience in an actuarial role
  • An Associate or Fellow of the SOA, CAS, or IFoA
  • An undergraduate degree with preference for mathematics, actuarial sciences, statistics, or other quantitative fields
  • Preferred candidate will have a consulting background or have worked on numerous project-based assignments within an (re)insurer
  • Experience with end-to-end project execution, modeling, and analytics; ability to prioritize projects and communicate timelines to stakeholders under fluid situations
  • Product knowledge and exposure to regulatory and financial reporting regimes (US Stat/RBC, BMA, LDTI)

Personal Characteristics:
  • Entrepreneurial
  • Desire to work in a 'start-up' environment
  • Desire to deliver a complete work product
  • Strong oral and written communication skills
  • Highly motivated and results-oriented
  • Strong analytical skills
  • Ability to work independently
The base salary range for this role is $110,000-$145,000 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:

  • 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
  • Learning and Development Stipend
  • 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 Sr Associate
  • Pay Type Salary


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Working at 

Fortitude Re

Fortitude Re is a prominent global firm specializing in acquiring and managing legacy insurance liabilities. By merging actuarial expertise with investment acumen, they effectively manage risk, streamline operations, and maximize capital efficiency. Their professionals' diverse skill set enables the firm to offer tailored solutions to insurance and reinsurance clients. Fortitude Re is committed to strengthening insurance market stability while providing opportunities for growth and returns, cementing its position as a trusted partner in the industry.

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