Investments Intern
About The Position
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 proud to be 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 roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most 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 further growth and provide innovative solutions for the global insurance industry. Be a part of our Winter Internship Program running from October to December, where you will have the opportunity to apply knowledge gained through your college courses. Becoming an Investments Intern is a great way to enhance your business acumen and gain insight into our industry. Interns are placed into meaningful roles that have an immediate and integral impact on the business. This internship is based in our Jersey City office.
Requirements
- Rising senior pursuing a bachelor’s or master’s degree in finance, economics, computer science or investments.
- Proficiency in Python and SQL is required.
- Strong analytical capabilities.
- Advanced Excel skills are required.
- Very strong written, verbal, and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
- Presence and credibility to present effectively to key senior management.
Nice To Haves
- A willingness to work towards CFA designation is preferred.
- Relevant work experience for master’s candidates.
- Familiarity with more sophisticated data science techniques (SQL, R, Python, MatLab) and experience with Bloomberg is a plus.
Responsibilities
- Support the calculation of cashflows, risk metrics, and other analytics for structured and other investment assets.
- Assist in developing quantitative tools and models to evaluate new and existing investment opportunities.
- Collaborate with Investment Managers and internal teams to support investment recommendations and portfolio strategies.
- Participate in due diligence on potential asset acquisitions and assist in developing related asset strategies.
- Support onboarding of new reinsurance deals and asset managers, including portfolio setup and data validation.
- Provide operational support for portfolios, including reconciliations and transaction monitoring.
- Assist in preparing compliance and performance reports to ensure adherence to investment guidelines.
- Review and maintain data quality across investment systems, researching and resolving discrepancies as needed.
- Help prepare presentation materials summarizing investment performance, risk, and strategy for senior management.
- Contribute to automated reporting processes that track portfolio positions, activity, risk, and compliance.
- Help develop and enhance automated dashboards and data tools for investment analysis and reporting.
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What This Job Offers
Career Level
Intern
