Fortitude RE
- Actuarial Associate, Inforce Management
Actuarial Associate, Inforce Management
Finance · Nashville-Davidson, United States
Job description
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 Actuarial Associate, Inforce Management candidate will be a key member of the Fortitude Life Inforce Management team, which serves the company by supporting recurring reinsurance settlement activity and management/financial reporting on reinsured businesses. This position will report to the AVP, Life Inforce Reinsurance Actuary. Responsibilities include data analysis and reporting on deferred and payout annuity products, and support of our internal controls, policies, and governance.
The position is located in the Fortitude Re Nashville, TN office on a hybrid schedule with minimal travel expected (0%-15%).
What You Will Do:
- Provide analysis for recurring reinsurance settlement statements and financial reporting.
- Execute within a control framework around the reinsurance settlement statement review process for newly acquired blocks of business.
- Develop, report, and provide analysis for key performance indicators across the Fortitude Re product portfolio and communicate results to key stakeholders.
- Implement process improvement and automation through use of data integration, analytics, and visualizations.
- Execute on various ad hoc projects and key initiatives.
- Collaborate across actuarial, finance, and data teams.
What You Will Have:
-
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field, and:a minimum of 4 SOA exams or 4 IFoA exams or 3 CAS exams; and show a record of passing exams after hire. Progress toward actuarial credentials (SOA/CAS/IFOA exams) is mandatory.
-
Minimum of 1.5 years of experience in insurance, actuarial analysis or related fields.
- Experience in financial reporting, ideally including annuity products.
- Experience with data analytics on large data sets.
- High degree of proficiency in working with data and calculations in MS Excel and database environments; programming languages are a plus.
- Strong analytical skills and ability to adopt a creative approach to solving complex problems.
- Ability to manage multiple work assignments and meet time commitments.
- Strong oral and written communication skills across in-person and audio/video call environments, email and Teams platforms, and actuarial memoranda using MS Word.
- Undergraduate degree is required, preferably in actuarial science or a related field.
- The base salary range for this role is listed below and will be commensurate with candidate experience and actuarial exams passed.
#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.
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
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