AVP, Capital Management Strategic Projects

Fortitude Re • Nashville, TN

1d • Hybrid

About The Position

Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading global provider of legacy reinsurance solutions, partnering with top insurance companies to deliver comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. The company manages a general account of approximately $111 billion and is supported by a consortium of institutional investors, including The Carlyle Group and T&D Insurance Group. Incorporated in Bermuda in 2017, Fortitude Re's leadership team brings over 20 years of average industry tenure and a proven track record in managing complex legacy liabilities. Their deep insurance expertise and proprietary risk modeling capabilities enable them to structure bespoke transactions beneficial to both insurance companies and policyholders. The AVP, Capital Management Strategic Projects will be an integral member of Fortitude Re’s Capital Management team. This team is responsible for reporting and monitoring capital in alignment with regulatory requirements, strategic planning, and potential market expansion. The primary focus of this position will be to drive strategic initiatives across all capital management and reporting functions, collaborating closely with actuarial, finance, investments, and pricing teams. This hybrid role is based in the Nashville, TN office and reports to the VP, Capital Management.

Requirements

• Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
• 8+ years of insurance experience.
• Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR).
• Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields.
• Significant working experience with AXIS or similar actuarial projection software.
• Experience with financial analysis of income statement, balance sheet and capital projections.
• Experience with actuarial projection or valuation software, database applications, business intelligence tools.
• Good 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.

Nice To Haves

• Focus on valuation, modeling or capital management preferred (within the 8+ years of insurance experience).

Responsibilities

• Support capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives.
• Support Bermuda regulatory initiatives including establishing production processes for group supervision, evaluating and implementing changes to the regulatory regime, and leading internal capital model development.
• Implement transformations within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies.
• Support model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function.
• Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting.
• Support efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting.
• Collaborate with ALM team on asset deliverables.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1-10 employees