Assistant Vice President – Insurance and Operational Accounting

🔥 14 hours ago

🏖️ New Jersey, Tennessee – Remote

🏖️ New Jersey – Remote 🎸 Tennessee – Remote

💵 $120k - $140k / year

⏰ Full Time

🔴 Lead

👔 Vice President

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Fortitude Re

WebsiteLinkedInAll Job Openings

201 - 500 employees

🛡️ Insurance

💸 Finance

⚕️ Healthcare Insurance

Insurance • Finance • Healthcare Insurance

Fortitude Re is a reinsurance company that specializes in helping insurance companies around the world address their complex risk transfer challenges. The firm designs and delivers customized solutions for legacy Life & Annuity and Property & Casualty (P&C) insurance lines. Backed by experienced investor groups including The Carlyle Group and T&D Insurance Group, Fortitude Re prides itself on its leadership with over 20 years of industry experience to effectively manage legacy liabilities. Fortitude Reinsurance Company Ltd. , along with its subsidiaries, operates globally with a significant presence in Hamilton, Bermuda.

📋 Description

• Oversee reserve and reinsurance settlement accounting processes across all legal entities and reporting bases • Oversee monthly journal entries, accruals, and reconciliations, including EBS balances • Oversee accounting and journal entries for reinsurance settlements and reserves in collaboration with Reinsurance Operations and Actuarial • Review and validate data inputs used for settlement and reserve accounting • Manage daily and month-end cash activity accounting • Prepare entries for Sidecar transactions/balances and Modco payables • Oversee operational accounting activities including R2R, accounts payable, accounts receivable, travel and expense, TPA, corporate expenses, debt, and fixed assets • Ensure compliance with internal policies for intercompany allocations and settlements • Manage quarterly ledger feeds, new account setups, and legal entity allocations • Execute internal controls, account reconciliations, and variance resolution • Identify improvements in ledger feed processing, reserve automation, and system integration • Contribute to quarterly close coordination and ledger integrity reviews • Coordinate with the offshore team to monitor deliverables and resolve issues • Implement process improvements through standardization, automation, and documentation • Prepare supporting schedules and address audit requests • Collaborate with analytics to align ledger inputs with analytic outputs • Coach and mentor senior associates and analysts

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or CA designation preferred • Minimum of 7 years of progressive accounting experience within the Life & Annuity (re)insurance industry, public accounting, or audit • Strong working knowledge of US GAAP, US STAT, SFS, and EBS accounting principles and reporting requirements • Experience with legal entity accounting, intercompany transactions, reserves, reinsurance, expense accounting, and/or financial analytics • Ability to execute and maintain internal controls, reconciliations, and ledger accuracy • Experience preparing or reviewing journal entries and fluctuation analyses • Exposure to internal and external audits and ability to respond to audit queries with clarity and documentation • Strong Excel skills • Experience with ERP and accounting systems such as SAP and Workday • Experience with reporting platforms such as Coupa, Workiva, Power BI, or equivalent • Excellent analytical, problem-solving, and written communication skills • Ability to work under pressure, manage deadlines, and handle shifting priorities • Ability to collaborate across Actuarial, Reinsurance Ops., Treasury, FP&A, and external partners • Leadership experience mentoring or managing staff and fostering a collaborative, results-driven culture

🏖️ Benefits

• Annual bonus based on company and individual performance • Generous benefits package • Equal opportunity and inclusive workplace culture • AI-powered application review tool consent and opt-out process