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, Solvency and Capital Reporting candidate will be a member of the Fortitude Re Capital Management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and market expansion needs of Fortitude Re. The role will be a key team member, supporting the Economic Balance Sheet (EBS) and Bermuda Solvency Capital Requirements (BSCR) reporting. The position reports to the Bermuda-based Vice President, Solvency and Capital Reporting and is expected to work closely with departments across the organization including actuarial, accounting, investments and risk management teams. This role will be based in our Bermuda office on a hybrid basis.

What You Will Do

Responsible for the preparation and peer reviews of the quarterly EBS and BSCR filings for Fortitude’s Group and Bermuda insurance entities. Serve as a key member of the Solvency and Capital Reporting Team to other teams within the Company. Work cross-functionally and collaboratively with finance, investments and actuarial teams for data needs and reconciliations to report and analyze solvency positions. Lead the preparation of quarterly management deck slides to be presented to the executive committee to summarize results. Prepare journal entries for the EBS general accounting system and reconcile/maintain reports to ensure the ledger agrees to reported results. Perform quarterly analysis for changes to the solvency positions and key metrics for management review. Support all finance and capital activities as part of the annual EBS and BSCR filings including, regulatory approvals and disclosures. Interpret and explain regulatory rules to various internal functional areas and stakeholders. Monitor and evaluate emerging developments with Bermuda statutory rules and regulations. Execute controls and peer reviews as designed as part of the control framework and recommend/implement control improvements as necessary. Assist with the maintenance of the control environment to meet the requirements as defined by the Company’s Internal Controls over Finance Reporting (ICFR) Program Assist in the evaluation of new business and preparation of proforma BSCR filings and required documentation in order to execute new transactions. Maintain accounting policy documentation regarding the company’s interpretation of the EBS reporting guidelines. Recommend and execute improvements as necessary. The position will be located in the Fortitude Re office in Bermuda. Minimal travel is expected (0%-10%).

What You Will Have

Bachelor’s degree or higher, preferably in accounting, mathematics, economics, or related fields. Professional designation of CPA or equivalent. 4+ years of experience, working within insurance or a Big 4 accounting firm, with concentration in capital reporting (Solvency II or BSCR) and Bermuda Monetary Authority filings. Working knowledge of accounting and financial processes including risk and financial controls. Working knowledge of investments and insurance products. Excellent attention to detail, analytical skills, and the 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. Advanced Microsoft Excel skills. Life insurance experience is considered an asset. 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.

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