What are the responsibilities and job description for the Actuarial Analyst, ADP position at Fortitude Re?
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 Actuarial Analyst, ADP will be a member of the Fortitude Re Life, or Capital Management Actuarial Team. They will assist the Fortitude Re Actuarial team in performing Valuation, Financial Reporting, Modeling, Experience Studies, Assumptions, Capital Management, Inforce Management and/or Pricing activities. This candidate will participate in the Actuarial Development Program (ADP) which provides support in passing actuarial exams. This role is based in our Nashville, TN office.
What You Will Do:
You will assist your business unit depending on your assigned team. Your responsibilities will include assisting on any of the following:
- Periodic US GAAP, Statutory, and Tax valuations
- Analysis and preparation of financial results
- Building, maintenance and execution of models
- Coding and testing of programs, processes and models
- Ensuring that all work aligns with the Fortitude Re Control Framework
- Technical reviews of work done by other teams or colleagues
- Process improvement efforts and automation
- Responding to internal and external auditor requests
- Ad hoc project work
- Analysis of hedging strategy and ALM strategy development, in coordination with risk management and the investments hedging team
- Continue to pass actuarial exams and modules to maintain status in the Fortitude Re ADP to earn your Associateship or Fellowship
What You Will Have:
A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field, and:
- Passed at least 2 Actuarial Exams, preferred. At least 1 Actuarial Exam passed is required.
- Proficient with Excel; exposure to data analytics software and programming will be very useful
- Ability to learn the tools relevant to work which may include AXIS, PowerBI, R, Python, Alteryx, Julia, Tableau or others
- Ability to assist on multiple work assignments and meet time commitments
- Ability to work well both independently and with others
- Highly motivated, inquisitive and results oriented
- The desire and ability to deliver accurate and completed work products
- Strong oral and written communication skills
To aid in your learning and development, you will rotate actuarial teams approximately every 24 months or as provided in the Actuarial Development Program policy, until you graduate from the ADP as a credentialed actuary.
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
