Assistant Vice President – Investment Accounting

🕒 August 13

🇺🇸 United States – Remote

💵 $110k - $140k / year

⏰ Full Time

🔴 Lead

👔 Vice President

👻 Ghost score 23%

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• Open for 91 days.
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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

• Own day-to-day investment accounting and reporting processes across GAAP, STAT, Bermuda SFS, and EBS under the direction of the VP • Ensure investment transactions, including purchases, sales, maturities, paydowns, coupon payments, repos, and securities lending, are processed completely, accurately, and on time • Oversee daily and monthly reconciliations of positions, trades, and cash across accounting records and the general ledger • Investigate and resolve income, position, and valuation variances with documentation and root-cause analysis • Execute valuation governance activities, including fair value hierarchy reviews, stale price monitoring, pricing analysis, and override documentation • Support valuation committee materials, analysis, and follow-ups • Maintain SOX and internal control compliance for investment accounting and reporting processes • Ensure documentation, controls, and evidence meet audit and regulatory expectations • Contribute to monthly close packages and provide analysis and commentary on investment results by legal entity, accounting basis, and reinsurance deal • Translate accounting outcomes into clear explanations for senior leadership, auditors, and regulators • Support audit requests and provide timely, accurate responses for investment portfolios • Drive continuous improvement across investment accounting operations, close efficiency, reconciliations, and reporting • Leverage AI-enabled tools and advanced analytics to improve investment accounting efficiency, accuracy, and scalability • Provide technical guidance, mentorship, and coaching to accounting professionals • Manage and direct offshore resources to ensure consistent execution • Coordinate workflow across teams to support close timelines and reporting deadlines • Foster accountability, quality, and continuous improvement aligned with Fortitude Re’s core values

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, or related field • 8+ years of accounting experience focused on investments • Experience with fixed income, derivatives, mortgage loans, alternatives, and structured products • Deep knowledge of GAAP, STAT, Bermuda SFS, and EBS reporting • Ability to process large-scale investment portfolios completely, accurately, and timely • Experience managing high-volume reconciliations across custodians, managers, and general ledger systems • Leadership experience in SOX/internal controls design and compliance for investment portfolios • Strong communication skills with experience presenting to executives, committees, auditors, and regulators • Track record of automation and AI adoption for high-volume reporting processes • Strong analytical and problem-solving skills with attention to detail • Experience with Clearwater Analytics for investment portfolios • Strong technical expertise in valuation governance, fair value leveling, stale price analysis, and pricing overrides • Ability to connect results across legal entities, accounting bases, and reinsurance deals to treaty economics and capital management • CPA strongly preferred • Public accounting or Big 4 experience with insurance/reinsurance or investment clients preferred • SAP and Palantir knowledge preferred

🏖️ Benefits

• Annual bonus based on company and individual performance • Generous benefits package • Inclusive and belonging-focused company culture • Equal opportunity employment

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