Senior Associate, Investment Accounting

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 $55 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 of Investment Accounting is responsible for the compilation of monthly and quarterly investment data for Fortitude Re which includes analysis of net investment income, realized gains and losses, investment yields, investment balances by asset class, etc. This position will be involved in recording activity into the GL, reconciliations, audit support, and ad hoc projects as the company acquires more blocks of business. This position will report to the Assistant Vice President of Investment Accounting and provide the employee the opportunity for professional development and career advancement. This role will be based in our Jersey City office on a hybrid basis.

What You Will Do

Support the accounting close process, including preparation of journal entries and corresponding balance sheet reconciliations for both GAAP and STAT bases of accounting. Execution of internal control procedures over a diverse asset class mix including Fixed Income and Equities, Commercial Mortgage Loans, Private Equity, Hedge Funds and Real Estate. Provide detailed investments data for Economic Balance Sheet calculation and Bermuda reporting. Work with Fortitude Re’s investment accounting platform to ensure completeness and accuracy. Monitor, research, and resolve issues related to investment suspense account balance. Liaise with internal and external audit teams in order to provide requested information and appropriate evidence of the operation of internal controls. Lead Private Equity operations process which includes extraction of relevant financial data from fund capital account statements, completion of system upload templates and related internal control procedures.

What You Will Have

Bachelor’s or Graduate degree in Accounting or Finance- CPA preferred. Minimum of 5 years of relevant experience in reinsurance industry or financial services.Experience managing large volumes of data, with strong general ledger and/or analysis tool systems background.Experience with PowerQuery, Alteryx, Tableau or similar products desired.Experience using Clearwater investment accounting platform desired.Excellent communication, presentation and interpersonal skills.Proven ability to manage multiple deliverables and meet deadlines.Proficient in Microsoft Office products, with strong proficient in Microsoft excel.Highly motivated and created / strategic thinker.Strong management and leadership skills, with the ability to manage processes working with a diverse team across multiple departments and locations.

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

$110,000 — $130,000 USD

What We Offer

We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

Unlimited PTO policy Up to 12 paid company holidays Up to 16 hours per year of paid volunteer time Competitive 401(k) plan - US Employees Only Paid parental leave Learning and Development Stipend Mental Health and Wellbeing support Health, vision, dental, and life insurance with additional access to health and wellness programs Flexible working environment Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees Actuarial Program Rotation for ADP employees For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office

At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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.

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.