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 Senior Associate, Hedging will be responsible for supporting the hedging team’s derivative execution through trade lifecycle management, P&L attribution, process automation, and data analysis.
What You Will Do:
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Lead hedging team in the ongoing management of the post-trade processing lifecycle for derivative executions that hedge our firm’s insurance liabilities.
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Work collaboratively with Investment Operations and Treasury teams, serving as the subject matter expert to address inquiries and resolve issues around reconciliation, valuations and collateral, and settlements.
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Generate daily exposure reports, P&L attribution, and performance metrics which allow stakeholders to evaluate the market risks of the business and our success at managing them.
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Prepare investment reports, presentations, and updates for senior management and stakeholders, highlighting investment performance, strategies, and market insights.
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Propose and implement, in collaboration with IT and other personnel, operational workflow enhancement including automation, new tools, etc.
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Provide support to the trading desk including assistance with market research, data analysis, trade idea generation, and derivative execution.
What You Will Have:
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An undergraduate degree is required in finance, math, statistics, economics, and/or investments.
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5+ years of work experience within a financial services role involving derivatives.
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Strong knowledge of financial derivatives across types (futures, options, OTC) and asset classes (equity, rates, credit).
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Deep understanding of the “Greeks” used to assess the sensitivity of options and other derivatives to various factors and how they are used to manage portfolio risk.
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Problem-solving mindset with an aptitude for identifying and addressing issues to resolution.
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Strong communication skills with ability to collaborate effectively across functional areas.
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Knowledge of Python, advanced Excel skills, Bloomberg is preferred. VBA, SQL and/or scripting beneficial.
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Willingness to work towards CFA designation.
#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
$145,000—$165,000 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)
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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
