AVP, ALM Modeling & Strategy

AVP, ALM Modeling & Strategy

Company: Fortitude Reinsurance Company Ltd. (Fortitude Re)

About Us:

Fortitude Re is a leading provider of legacy reinsurance solutions, partnering with insurance companies to execute transformational solutions for legacy Life & Annuity and P&C lines. We manage a general account of approximately $111 billion and are backed by sophisticated institutional investors including The Carlyle Group and T&D Insurance Group. With roots and leadership experience spanning decades, Fortitude Re possesses deep insurance expertise and proprietary risk modeling capabilities to structure bespoke transactions.

About the Role:

The AVP, ALM Modeling & Strategy will possess significant knowledge in insurance products and ALM strategies, along with familiarity with relevant accounting frameworks (US Stat/GAAP/EBS). This role will collaborate with investments, risk, capital management, financial reporting, and controllership teams to produce analysis that advises ALM strategy and modeling advancements. The ideal candidate will have experience with actuarial modeling software, a thorough understanding of various products, and strong project management and communication skills.

Location: Remote

What You Will Do:

• Coordinate with the investments team to ensure consistent asset modeling across all lines of business.
• Support the investment team in optimizing Strategic Asset Allocation (SAA) through analysis of actuarial reserves.
• Ensure timely and accurate provision of liability-side hedging information.
• Provide analysis and enhancements in response to Enterprise Risk Management (ERM) and Investment priorities.
• Address Corporate and Risk requests, as well as ad hoc stakeholder requests.
• Support the evaluation and implementation of future acquisitions.
• Execute timely model development with appropriate testing and validation.
• Execute timely ongoing production processes and deliverables to stakeholders.
• Develop new functionality to support profitability analysis and financial planning.

What You Will Have:

• Undergraduate degree, preferably in actuarial science, mathematics, statistics, or a related field.
• 7+ years of progressively responsible actuarial experience with Life Insurance, Annuity products, or an ALM equivalent environment.
• Fellow of the Society of Actuaries (FSA) with 3+ years of experience post-FSA, Associate of the Society of Actuaries (ASA) with 7+ years of experience post-ASA, or 10+ years of relevant experience.
• Equivalent international designation will be considered.
• Significant working experience with actuarial modeling software (e.g., AXIS).
• Good analytical skills and the ability to adopt a creative approach to solving complex process problems.
• Strong project management and communication skills.
• High degree of proficiency in Excel, PowerPoint, and Word applications, as well as experience with database and programming languages.
• Ability to work with Business Intelligence (BI) tools.
• Hedging experience is a plus.

Compensation:

• Base Salary Range: $160,000—$180,000 USD
• Commensurate with candidate experience. Pay ranges may differ based on geographic location.
• Eligible for an annual bonus based on company and individual performance.
• Generous benefits package.

Culture & Values:

Fortitude Re values its people, fostering a culture of inclusion and belonging where everyone feels valued and respected. We are committed to being an equal opportunity employer.