Senior Associate, Modeling

Fortitude Re • Nashville, TN

4d • 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. The company manages a substantial general account and is backed by sophisticated institutional investors. Fortitude Re's leadership possesses extensive industry experience and a proven track record in managing complex legacy liabilities. Their deep insurance expertise and proprietary risk modeling capabilities enable them to structure unique transactions benefiting both insurers and policyholders. The Sr. Associate, Modeling will join the Fortitude actuarial modeling team, responsible for providing projections for financial reporting and projection requirements under US GAAP, Statutory, Bermuda Economic Balance Sheet, hedging, and budget/plan. The role involves maintaining and enhancing production models for Fortitude’s Inforce block and developing models for newly acquired business. This position requires collaboration with risk, investments, assumptions, capital management, financial reporting, and controllership teams to produce essential business management analysis. The role is based in Nashville, TN, with a hybrid work arrangement.

Requirements

• Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) with 3+ years of experience post ASA required. International equivalent actuarial designation will be accepted.
• 4+ years of insurance experience related to modeling, pricing, valuation, or risk management required.
• Proficiency in Python, or similar programming languages (i.e. Julia).
• Experience with database applications and business intelligence tools.
• Experience with AXIS or similar actuarial projection or valuation software.
• 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.

Nice To Haves

• EBS or Solvency II experience preferred.

Responsibilities

• Support ongoing efforts in model development, model testing and validation, and production for statutory, GAAP, Bermuda and hedging requirements.
• Execute timely model development with appropriate testing and validation.
• Conduct peer reviews.
• Execute timely ongoing production processes and deliverables to stakeholders.
• Collaborate with cross-functional teams and participate in support efforts for preparation of reports and documentation for regulatory filings, audits, and internal reviews.
• Execute controls and governance processes.
• Analyze applicable data and trends.
• Support and occasionally lead process improvement and automation initiatives.
• Support senior management on any ad-hoc requests such as assumption development, due diligence, future acquisitions, etc.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed