SVP, Head of Financial Reporting

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 $111 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.

The Senior Vice President, Financial Reporting is responsible for managing the financial reporting and related controllership activities of the company. This role will lead financial reporting activities, including US GAAP / SEC, Management (non-GAAP), US Statutory / NAIC and Bermuda Regulatory (SFS / EBS) accounting and financial reporting for all Fortitude related entities, including management of the underlying accounting and reporting teams.

This strategic leadership role ensures the accuracy, integrity, and timeliness of financial reporting while driving compliance and operational efficiencies. Reporting directly to the Chief Accounting Officer, the SVP, Financial Reporting will oversee a team of finance professionals, including controllers and accountants, fostering a culture of excellence and continuous improvement. The SVP, Financial Reporting role influences others across the organization regarding accounting policies, practices, and procedures and communicates with key external stakeholders.

This role is instrumental in strengthening the organization’s financial management system, ensuring accurate financial reporting, and driving process efficiencies. This role will be based in our Jersey City, NJ office on a hybrid basis.

• Oversee the preparation and consolidation of financial statements for the respective operating entities and the entire group in compliance with US Generally Accepted Accounting Principles (GAAP), SEC, Management (non-GAAP), US NAIC Statutory and Bermuda Monetary Authority (BMA) required Statutory Financial Statements (SFS) and Economic Balance Sheet (EBS) regulatory bases. Ensure high quality audit support for all numbers within the financial statements.

• Lead a team responsible for development and production of quarterly and annual financials for U.S. domiciled entities GAAP/SEC financials.

• Lead a team that will be responsible for development and production of quarterly and annual financial reporting under U.S. Statutory filings. Which includes statutory annual and quarterly statements (bluebooks, greenbooks, yellowbooks) for multiple life insurance companies and ensure compliance with State and National Association of Insurance Commissioners (“NAIC”) regulatory guidelines, and present statutory results to senior management and the board of directors of the individual legal entities.

• Lead the financial reporting team responsible for quarterly EBS and Bermuda Solvency Capital Requirements (BSCR) filings for Fortitude’s Group and Bermuda insurance entities. Produce quarterly analysis for changes of the solvency positions and key metrics for management review.

• Prepare financial statement level reconciliation analysis of the multiple accounting basis to GAAP (E.g., STAT to GAAP, SFS to GAAP, EBS to GAAP, Management to GAAP) reconciliation and analysis.

• In partnership with Accounting Policy, research new accounting…