Senior Associate, Modeling Remote-US, US-Jersey , US-Nashville - Actuarial - FACT

Overview

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 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 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 information is provided for context about the role.

This role will be a member of the Fortitude actuarial modeling team, which serves the company by providing projections to support financial reporting and projection requirements covering US GAAP and Statutory, Bermuda Economic Balance Sheet, hedging and budget/plan. The primary responsibility of the position will be maintaining and enhancing production models for Fortitude’s Inforce block and standing up models for newly acquired business.

This role will partner with risk, investments, assumptions, capital management, financial reporting and controllership teams at Fortitude to produce analysis required to manage the business.

• Support the redesign and automation of actuarial workflows to improve efficiency, accuracy, and internal capabilities.
• Support and occasionally lead process improvement efforts to enhance operational effectiveness and contribute to long-term modernization goals.
• Assist with the development and testing of new modeling capabilities used to support strategic planning and business decision-making.
• Conduct peer reviews.
• Collaborate with cross-functional teams and participate in support efforts for preparation of reports and documentation for regulatory filings, audits, and internal reviews.
• Execute controls and governance processes.
• Analyze applicable data and trends.
• Support senior management on ad-hoc requests such as assumption development, due diligence, future acquisitions, etc.

• Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) with 3+ years of experience post-ASA; international equivalent designation accepted.
• Undergraduate degree is required, preferably in actuarial science or a related field.
• 4+ years of insurance experience related to modeling, pricing, valuation, or risk management required, with EBS or Solvency II experience preferred.
• Proficiency in Python, or similar programming languages (R, C++).
• Experience with database applications and business intelligence tools.
• Experience with AXIS or similar actuarial projection or valuation software.
• Strong analytical skills and ability to adopt a creative approach to solving complex process problems.
• Ability to manage multiple work assignments and meet time commitments.
• Strong oral and written communication skills.

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: $110,000 — $160,000 USD

Fortitude Re is an equal opportunity employer and evaluates 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.

We are committed to fostering a culture of inclusion and belonging where everyone feels valued and respected.