VP, Accounting Policy

Fortitude Re•Jersey City, NJ

32d•$212,000 - $232,000•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 has a long history in the insurance industry, with experienced leadership and proprietary risk modeling capabilities to structure bespoke transactions. The VP, Accounting Policy serves as the firm-wide subject matter expert on technical accounting policy for complex reinsurance transactions, covering U.S. GAAP, U.S. Statutory, and Bermuda statutory reporting frameworks. This role collaborates with actuarial, tax, legal, investments, and financial reporting teams to ensure accounting outcomes for new transactions are technically sound, well-documented, and defensible. The position requires deep expertise in insurance and reinsurance accounting (ASC 944), an understanding of investment portfolios supporting insurance liabilities, and the ability to exercise professional judgment on complex issues. The VP, Accounting Policy reports to the SVP, Head of Accounting Policy.

Requirements

Bachelor’s Degree in accounting, finance or related discipline.
CPA, CA, or equivalent internationally recognized accounting designation.
8 + years of progressive experience working within audit, within re/insurance or financial services; Big 4 experience strongly preferred.
Experience in US GAAP, SEC reporting - required
Experience with long duration reinsurance accounting (ASC 944), along with general understanding of interaction between reinsurance liabilities and related portfolio assets
Hands-on experience with complex reinsurance structures, including the related accounting implications of coinsurance, funds withheld and modified coinsurance structures.
Demonstrated ability to exercise sound professional judgment on complex accounting matters and communicate conclusions clearly to senior stakeholders.
Proven ability to collaborate effectively with different teams, including actuarial (pricing, valuation), tax, and legal. Experience advising senior leaders and influencing cross-functional outcomes.
Strong written and verbal communication skills, with the ability to translate technical concepts into clear, actionable guidance.
Ability to manage multiple priorities in a fast-paced environment while maintaining high standards of quality and accuracy.
Strong analytical judgement with the ability to synthesize complex issues into clear, defensible conclusions.
Supports our core values by communicating and teaming effectively across different cultures and levels within the organization.

Nice To Haves

Experience with US STAT (NAIC) or financial reporting overseen by the Bermuda Monetary Authority (BMA) - preferred

Responsibilities

Serve as the technical specialist for complex reinsurance transactions and policy interpretations, with specific expertise in ASC 944, Financial Services – Insurance.
Research, interpret, and establish accounting policies for complex reinsurance structures and emerging transactions, ensuring consistency, accuracy, and audit defensibility.
In close collaboration with actuarial, tax, and financial reporting teams, research, analyze, and prepare accounting policies in relation to U.S. GAAP, SEC, U.S. Statutory and Bermuda statutory and Economic Balance Sheet (EBS) accounting and reporting guidance relevant to reinsurance, insurance and other emerging issues.
Provides technical accounting guidance that informs transaction structuring and execution.
Monitor, analyze, and document developments (including new standards) from the FASB, SEC, NAIC and BMA that could impact the Company’s accounting policies, practices, and disclosures.
Lead the design and documentation of financial processes and controls to promote compliance with the Company’s internal control program, with a specific focus on technical accounting matters.
Act as a trusted advisor to internal stakeholders, providing timely guidance on accounting policy implications to support corporate development and strategic initiatives, including but not limited to reinsurance transactions.
Provide coaching, training, and technical guidance to accounting and finance team members as needed.
Support additional accounting policy initiatives and responsibilities as assigned.