AVP, Modeling

Fortitude Re • Jersey City, NJ

1d • Hybrid

About The Position

Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading provider of legacy reinsurance solutions, working with global insurance companies to execute transformational solutions for legacy Life & Annuity and P&C lines. With a general account of approximately $111 billion, Fortitude Re is backed by institutional investors including The Carlyle Group and T&D Insurance Group. Incorporated in Bermuda in 2017, the company leverages decades of industry experience and a leadership team with an average tenure of over 20 years. Fortitude Re utilizes proprietary risk modeling capabilities to structure bespoke transactions that benefit both insurance companies and policyholders, and is committed to growth and innovation in the global insurance industry.

This AVP, Modeling role is crucial for the ongoing development and expansion of the Fortitude Analytics and Computational Evaluation Tool (FACET), an in-house actuarial modeling platform. FACET supports various use cases including statutory, GAAP, capital, hedging, embedded value, and long-range projections. The role requires ensuring the timely delivery of modeling capacities with operational integrity, maintaining the stability, auditability, and scalability of FACET, and aligning it with enterprise financial and risk objectives. This position is based in the Jersey City, NJ office on a hybrid basis.

Requirements

• Bachelor's degree in finance, mathematics, statistics, computer science or related field.
• 7+ years of progressively more responsible actuarial experience with Life Insurance, Annuity products or ALM equivalent environment.
• Proficient in Python, Julia, SQL, GitHub and standard modeling tools and technology.
• Demonstrated analytical ability to analyze large and complex data sets and deliver insights to drive business decisions.
• Ability to work in a dynamic professional environment and handle multiple projects and deadlines.
• Ability to build relationships and communicate effectively across multiple levels and functions.

Nice To Haves

• Experience transitioning from vendor modeling platforms to internally developed solutions, preferred.
• Ability to use/review/validate AI-generated code, preferred.
• Familiarity with open-source development practices, version control, CI/CD, and testing frameworks, preferred.

Responsibilities

• Support FACET actuarial modeling platform standup and expansion.
• Work closely with model developers and end users to ensure timely delivery of functionalities.
• Ensure proper design and change management of data, actuarial code, interface and pipeline automation.
• Test and validate cross-module model changes.
• Ensure FACET supports enterprise ALM use cases including: Long-Range Projections (LRP), Embedded Value (EV), Pricing (challenger and production applications), Capital / BSCR, AIL / SBA / CFT.
• Assist for proper documentation of modeling and methodology changes to the Governance Committee where required.
• Ensure proper model development life cycle.

What This Job Offers

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