Senior Associate, Capital Reporting - Group

Fortitude Re•Nashville, TN

4h•$120,000 - $150,000

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. The Senior Associate, Capital Reporting - Group, will be a member of the Capital Management team, which serves the company by reporting and monitoring capital in support of regulatory compliance, rating agency targets, strategic planning, and market expansion objectives. The primary responsibility of the position will be the quarterly production and estimations of the Group regulatory and rating agency positions. The position is expected to work closely with departments across the organization including Actuarial, Finance, Investments and Risk teams.

Requirements

Undergraduate degree required; actuarial science, finance, mathematics, or a related quantitative field preferred.
Associateship of the Society of Actuaries (ASA) with 3 years’ experience post-Associateship, FSA preferred.
4+ years of insurance experience related to pricing, valuation or risk management.
Proficiency in Python, or similar programming languages (R Studio, C++).
Experience with database applications and business intelligence tools.
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.

Responsibilities

Execute the quarterly production process for regulatory capital for US-based entities under the NAIC Risk Based Capital regime, ensuring accuracy and adherence to reporting timelines.
Support the quarterly rating agency and Group capital position production process, contributing to the preparation of materials for annual filing requirements.
Develop and maintain movement analysis over regulatory and rating agency capital positions, identifying and clearly documenting key drivers of period-over-period change.
Support the monthly capital estimation process, providing timely updates based on market conditions and business profile changes to ensure ongoing compliance with regulatory and rating agency targets.
Perform comparative analysis across capital bases to identify binding constraints and opportunities to optimize capital efficiency.
Execute controls as designed to ensure the accuracy and auditability of all capital reporting outputs, and flag issues for resolution as they arise.
Support new business activities by assessing capital requirements for potential acquisitions and reinsurance blocks, and assisting with the integration of new transactions into the production cycle.
Provide ad hoc capital analysis to support strategic initiatives as necessary.