AVP, Capital Management Strategic Projects

Fortitude Re

$160K — $180K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Fellow of the Society of Actuaries or Institute of Actuaries, or career ASA with 7+ years post-ASA experience.
  • 8+ years of insurance experience with a focus on valuation, modeling, or capital management.
  • Working knowledge of US RBC, Bermuda EBS, Solvency II, and rating agency capital frameworks.
  • Undergraduate degree in actuarial science, mathematics, economics, or related fields.
  • Significant experience with AXIS or similar actuarial software.
  • Proficiency in financial analysis of income statements, balance sheets, and capital projections.
  • Strong analytical skills with a creative approach to complex problems.

Responsibilities

  • Support capital optimization efforts across various entities and regulatory frameworks.
  • Lead Bermuda regulatory initiatives and internal capital model development processes.
  • Implement improvements within capital management for enhanced system capabilities and efficiency.
  • Ensure strong model validation and governance frameworks are in place.
  • Evaluate new business opportunities for proper capital valuation and reporting.
  • Facilitate smooth transitions from pricing to inforce reporting.
  • Collaborate with ALM team on asset deliverables.

Benefits

  • Eligibility for an annual performance-based bonus.
  • Generous benefits package including healthcare and retirement options.
  • Opportunities for professional development and further education.
Full Job Description
The AVP, Capital Management Strategic Projects will be a member of Fortitude Re's Capital Management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and potential market expansion needs. The primary responsibility of the position will be to focus on strategic initiatives across all capital management and reporting functions. The position is expected to work closely with departments across the organization including actuarial, finance, investments, and pricing teams. The position will report to the VP, Capital Management Strategic Projects. What You Will Do: • Support capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives. • Support Bermuda regulatory initiatives including establishing production processes for group supervision, evaluating and implementing changes to the regulatory regime, and leading internal capital model development. • Implement transformations within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies. • Support model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function. • Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting. • Support efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting. • Collaborate with ALM team on asset deliverables. 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. • 8+ years of insurance experience, with focus on valuation, modeling or capital management preferred. • Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR). • Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields. • Significant working experience with AXIS or similar actuarial projection software. • Experience with financial analysis of income statement, balance sheet and capital projections. • Experience with actuarial projection or valuation software, database applications, business intelligence tools. • Good analytical skills and 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. 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 $160,000-$180,000 USD

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