Assistant Vice President, Investment Accounting

Role Overview

• Own day-to-day investment accounting and reporting processes across GAAP, STAT, Bermuda SFS, and EBS under the direction of the VP.
• Ensure investment transactions (purchases, sales, maturities, paydowns, coupon payments, repos, securities lending) are processed completely, accurately, and on time.
• Oversee daily and monthly reconciliations of positions, trades, and cash across accounting records and the general ledger.
• Investigate and resolve income, position, and valuation variances with clear documentation and root-cause analysis.
• Execute valuation governance activities, including fair value hierarchy reviews, stale price monitoring, pricing analysis, and override documentation.
• Support valuation committee materials, analysis, and follow-ups.
• Maintain strong SOX and internal control compliance for investment accounting and reporting processes.
• Ensure documentation, controls, and evidence meet audit and regulatory expectations.
• Contribute to monthly close package and help provide clear analysis and commentary on investment results by legal entity, accounting basis, and reinsurance deal.
• Translate accounting outcomes into clear explanations for senior leadership, auditors, and regulators.
• Support audit requests and ensure timely, accurate responses for investment portfolios.
• Drive continuous improvement initiatives across investment accounting operations, including close efficiency, reconciliations, and reporting processes.
• Leverage AI-enabled tools and advanced analytics to improve efficiency, accuracy, and scalability of investment accounting processes, including reconciliations, variance analysis, close activities, and reporting.
• Provide technical guidance, informal mentorship and coaching to accounting professionals. Manage and direct offshore resources to ensure consistent execution.
• Coordinate workflow across teams to support close timelines and reporting deadlines.
• Foster a culture of accountability, quality, and continuous improvement aligned with Fortitude Re’s core values.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
• 8+ years of accounting experience with a focus on investments, including fixed income, derivatives, mortgage loans, alternatives and structured products.
• Preferred (optional): Public accounting background or Big 4 experience with insurance/reinsurance or investment clients.
• Deep knowledge of multi-basis reporting (GAAP, STAT, Bermuda SFS, EBS).
• Demonstrated ability to ensure complete, accurate, and timely processing of large-scale investment portfolios.
• Proven experience managing high-volume reconciliations across custodians, managers, and general ledger systems.
• Demonstrated leadership in SOX/internal controls design and compliance for investment portfolios.
• Strong communication skills with experience presenting to executives, committees, auditors and regulators.
• Track record of automation and AI adoption to transform high-volume reporting processes.
• Strong analytical and problem-solving skills with attention to detail.
• Experience with Clearwater Analytics for investment portfolios; SAP and Palantir knowledge preferred.
• Strong technical expertise in valuation governance, including fair value leveling, stale price analysis, and pricing overrides.
• Ability to connect results across legal entities, accounting bases, and reinsurance deals to treaty economics and capital management.

Benefits

• annual bonus based on company and individual performance
• generous benefits package