AVP, Capital Management, Strategic Projects

🔥 0 minutes ago

🎸 Tennessee – Remote

🎸 Tennessee – Remote

💵 $160k - $180k / year

⏰ Full Time

🔴 Lead

🧐 Strategy

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Fortitude Re

WebsiteLinkedInAll Job Openings

201 - 500 employees

💸 Finance

⚕️ Healthcare 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

• Support capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives. • Support Bermuda regulatory initiatives including establishing production processes for group supervision, evaluating and implementing changes to the regulatory regime, and leading internal capital model development. • Implement transformations within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies. • Support model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function. • Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting. • Support efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting. • Collaborate with ALM team on asset deliverables.

🎯 Requirements

• Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA. • 8+ years of insurance experience, with focus on valuation, modeling or capital management preferred. • Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR). • Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields. • Significant working experience with AXIS or similar actuarial projection software. • Experience with financial analysis of income statement, balance sheet and capital projections. • Experience with actuarial projection or valuation software, database applications, business intelligence tools. • Good 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.

🏖️ Benefits

• Annual bonus based on company and individual performance • Generous benefits package