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. Click here for more information about Fortitude Re.
The Assistant Vice President, Life Pricing Actuary, is an experienced technical contributor who plays a key role in pricing, structuring, and analyzing potential life and annuity reinsurance transactions.
What You Will Do:
Pricing Analysis
- Data Analysis: Collect and analyze investment, liability and, other data to support pricing decisions.
- Pricing Models: Run the pricing models to produce baseline pricing results and sensitivities specific to each transaction.
Collaboration and Communication
- Cross-functional Collaboration: Incorporate data from investments, strategic finance, tax, and other teams to ensure the pricing analysis aligns with Fortitude's overall business goals.
- Stakeholder Communication: Assist in preparing the results of the pricing analyses.
Standards and Documentation
- Pricing Standards: Ensure pricing analyses comply with pricing standards.
- Documentation: Maintain comprehensive documentation of pricing models, methodologies, and assumptions.
Professional Development
- Continued Education: Engage in continuous learning and professional development activities, such as actuarial exams, to stay current with industry trends and advancements.
- Mentorship: Provide guidance and mentorship to junior team members within the department.
Continuous Improvement and Innovation
- Model Improvement: Assist in the implementing and reviewing model changes to improve the pricing models.
- Innovative Solutions: Propose and implement innovative solutions to enhance pricing models and methodologies.
What You Will Have:
- Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
- Strong modeling and technical skills (Excel modeling skills required, AXIS/SQL/Python/Julia a plus).
- Previous experience in pricing, corporate FP&A, Capital Management, Valuation, Financial Reporting, Reinsurance, and/or ALM. Experience with Bermuda’s regulatory framework for long-term insurance a plus.
- Strong communication and interpersonal skills, adaptable, and a team player
- Organized, reliable, detail-oriented, and motivated to support delivering timely results and quality work products.
- Ability to prototype models for validation and ground-up development, learning real-time, anticipating problems or challenges, and proactively addressing them.
- A strong conceptual understanding and hand-on experience with different financial reporting bases (e.g. US/Canadian/Bermuda/International regimes).
- Drive to solve problems in a disciplined and pragmatic way.
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
Base Salary Range
$165,000—$195,000 USD
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.
Top Skills
What We Do
Born as an innovative system integrator in 2009, Databiz evolves in 2018 into a holding company (Databiz Group), in order to scale fast and face the evolving market scenario.
2021 is a milestone year: Databiz Group transforms into Fortitude Group, aggregating innovative competences and methodologies to address the contemporary digital transformation challenges. This rename and rebrand represents a significant step in the company’s evolution, redefining the Group’s identity, driving change and shaping the future of the entire ICT landscape.
The Group includes:
- Bitrock
- Radicalbit
- ProActivity
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