AVP, Capital Management Strategic Projects

Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading provider of legacy reinsurance solutions, collaborating with major insurance companies to offer transformational solutions. The AVP, Capital Management Strategic Projects will be part of the Capital Management team, focusing on strategic initiatives related to capital management and reporting, while working closely with various departments across the organization.

Responsibilities:

• 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

Requirements:

• 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