SVP, Accounting Policy Leader

Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading provider of legacy reinsurance solutions. They work with leading insurance companies to help them execute 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 is 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 leadership team has an average industry tenure of over 20 years, with a track record of managing 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 growth and provide innovative solutions for the global insurance industry.

• Lead the analysis, development, documentation, and maintenance of enterprise accounting policies in accordance with U.S. GAAP, SEC, NAIC, Bermuda statutory & EBS requirements.
• Serve as the primary technical accounting advisor for complex transactions, including reinsurance, M&A, structured investments, and strategic ventures.
• Monitor and interpret new accounting standards and regulatory developments; assess their impact and partner with Finance New Transaction Integration team to lead implementation efforts.
• Collaborate with Finance, Legal, Investments, Actuarial, and Risk teams to ensure accounting policy alignment with operational execution.
• Partner with other functions on the development and maintenance of non-GAAP reporting measures and their associated implications on business segment reporting and external reporting (e.g. MD&A reporting).
• Maintain current knowledge of topics arising from the FASB, AICPA, NAIC, BMA and all other governing bodies.
• Provide real-time technical guidance and training to finance teams and business leaders.
• Oversee the preparation of technical accounting memos and whitepapers to support audit and regulatory reviews.
• Support internal controls over financial reporting (ICFR) with a focus on technical accounting risk areas.
• Represent the company in discussions with external auditors and regulators on accounting policy matters.

• Undergraduate degree in Business, Economics, Accounting, or similar discipline.
• Internationally recognized accounting designation (e.g. CPA, CA) and a minimum of 15 years of relevant post-qualification experience within re/insurance (10+ years in public accounting preferred – Big 4 preferred). At least 5 years in a senior leadership role.
• Deep expertise in re/insurance industry financial reporting requirements across multiple reporting bases: experience across U.S. GAAP, Bermuda statutory and economic reporting, SEC reporting and US statutory (NAIC) standards required with demonstrable experience in both Property & Casualty and Life & Annuity lines of business.
• Demonstrated progressive leadership and experience building effective teams and organizations.
• Demonstrated success working and collaborating cross-functionally across various departments and levels of the organization.
• Foster a collaborative and inclusive team culture, encouraging teamwork and mutual respect.
• Be a strategic thinker able to analyze and solve complex problems.

The base salary range for this role is listed below 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.

Base Salary Range: $280,000 USD - $300,000 USD

Fortitude Re is committed to inclusion and belonging. Our strength comes from our people, and we strive to embrace the unique attributes, perspectives, and experiences of every individual. We are an equal opportunity employer and evaluate qualified…