Senior Associate, Portfolio Management & ALM
About The Position
The Senior Associate, Portfolio Management & ALM works alongside senior portfolio managers to monitor and report on performance and risk, producing analysis that guides tactical decisions to enhance returns while maintaining liability alignment. 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.
Requirements
- Bachelor’s degree in Finance, Economics, Mathematics, or a related discipline; advanced graduate degree or progress towards CFA and/or comparable actuarial/risk credentials viewed favorably.
- Minimum of 3+ years of experience in insurance asset management, fixed-income portfolio management, or roles focused on liability-driven investment mandates.
- Familiarity with fixed-income markets across public and private sectors, ALM principles, and portfolio performance measurement is viewed favorably.
- Strong technical background in analysis and reporting using MS Office; familiarity with Python or SQL is a plus.
- Ability to demonstrate ownership over responsibilities and ability to collaborate across various teams.
Nice To Haves
- advanced graduate degree or progress towards CFA and/or comparable actuarial/risk credentials viewed favorably.
- Familiarity with fixed-income markets across public and private sectors, ALM principles, and portfolio performance measurement is viewed favorably.
- familiarity with Python or SQL is a plus.
Responsibilities
- Support daily management of existing asset portfolios, which includes monitoring risk positions against cedant guidelines and internal risk thresholds.
- Engage in recurring discussions with asset managers on market opportunities, portfolio performance, compliance with guidelines, and tactical shifts across public and private fixed-income markets.
- Analyze and report on key drivers of portfolio performance against target and suggest ways to improve portfolio performance.
- Collaborate with asset managers to develop investment recommendations based on market conditions and ALM positioning.
- Evaluate prospective investments and their relative value versus competing alternatives.
- Assist with onboarding of new investment mandates.
- Work closely with Actuarial, Risk, Capital, Finance, and Treasury teams to support pricing, due-diligence efforts, and company-wide initiatives.
- Build strong working relationships across the firm.
Benefits
- annual bonus based on company and individual performance
- generous benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Senior
