Associate, Treasury, Global Banking Operations

Fortitude Re • Jersey City, NJ

1d • $100,000 - $110,000 • Hybrid

About The Position

The Associate, Treasury, Global Banking Operations will support Fortitude Re’s treasury team with portal administration, governance, and operational oversight of the company’s global banking and collateral account infrastructure. Reporting to the AVP, Treasury Trust Account Management, the role works closely with Treasury, Accounting, Investment Operations, New Business Integration, and external banking partners to support transactions, legal entity onboarding, and ongoing account governance while ensuring compliance with internal policies and banking requirements. The position is based in the Jersey City, New Jersey office on a hybrid basis.

The role covers liquidity management, account administration, governance and documentation, treasury operations and payments, banking relationships, global banking access, and risk and controls. It includes managing financial accounts throughout their lifecycle, supporting cash and securities movements, maintaining account and access documentation, coordinating with internal teams and financial institutions, and improving operational processes.

Requirements

• Bachelor’s degree in finance, accounting, business administration, economics, or a related field.
• At least 2 years of experience in treasury operations, banking operations, cash management, trust operations, custody operations, accounting, or related financial services.
• Experience opening and maintaining operating and custody accounts.
• Familiarity with banking documentation, KYC/AML requirements, authorized signer governance, and account administration processes.
• Highly motivated and results-oriented.
• Strong verbal and written communication skills.
• Detail-oriented and highly organized.

Nice To Haves

• Experience within insurance, reinsurance, asset management, or financial services organizations.

Responsibilities

• Support daily liquidity reporting, cash positioning, and evaluation and resolution of shortfalls.
• Support short-term cash and investment portfolio reporting and cash flow forecasting, and contribute to automation and continuous improvement of forecasting processes.
• Assist Treasury leadership with cash management, bank relationships, and short-term investments.
• Manage the lifecycle of bank, custody, trust, and investment accounts, including opening, maintenance, repurposing, and closure.
• Administer bank accounts supporting cash disbursements, intercompany transfers, and related data capture.
• Coordinate account setup with New Business Integration & Evaluation and other stakeholders for new transactions and business initiatives.
• Maintain a centralized inventory of active financial accounts and ensure accounts are properly established and maintained in SAP and other internal systems.
• Maintain Authorized Signer Lists, signature cards, and related account governance documents; coordinate signatory updates following organizational changes, corporate actions, or regulatory requirements.
• Assist with KYC, AML, tax, and account documentation for new and existing accounts, including onboarding and periodic refresh activities.
• Maintain documentation supporting account openings and changes, payment authorities, user entitlements, internal controls, and audit requirements.
• Support treasury operations, including payment processing and cash reconciliations.
• Enter, review, and approve cash and securities transfer instructions through approved banking and custody platforms, ensuring appropriate approvals and documentation.
• Coordinate with Treasury, Accounting, and Investment Operations to facilitate timely settlement of cash and securities movements.
• Support global payment activities, including foreign currency transactions and international remittances.
• Serve as the primary operational contact for banking, custody, and trust account administration matters.
• Coordinate with Investment Operations and banking partners to resolve service, reporting, and operational issues.
• Review and validate bank invoices, custody fees, and service charges for reasonableness and consistency with contractual arrangements.
• Work with banking providers to improve operational efficiency, reporting capabilities, and service delivery.
• Maintain an understanding of international custody, settlement, and banking requirements across key markets.
• Coordinate account and market access requirements for global investment and treasury activities.
• Ensure users have appropriate online banking, custody, and reporting platform access; periodically review user entitlements and system access.
• Coordinate onboarding and removal of user access in accordance with company policy and segregation-of-duties requirements.
• Assist with treasury risk and control assessments and implement identified improvements.
• Ensure processes comply with applicable internal controls, policies, and regulatory requirements.

Benefits

• Annual bonus based on company and individual performance.
• Generous benefits package.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level