What are the responsibilities and job description for the Senior Actuarial Analyst, Life 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.
Fortitude Re is rapidly growing and we have multiple open actuarial positions at the Senior Actuarial Analyst level, which require 1.5 years of experience in an actuarial role. This individual will be working toward Associateship/Fellowship of the SOA, CAS, or IFoA and will have passed a minimum of four actuarial exams. This individual will have an undergraduate degree with preference for mathematics, actuarial sciences, statistics, or other quantitative fields.
You are welcome to apply to a specific job posting, or, if you’re not sure which posting might be appropriate given your specific experience and expertise, you may apply to this general job requisition. We will review your resume and contact you if we think you may be a fit for any of our open positions.
Our products include:
- Variable annuities (VA)
- Fixed deferred annuities
- Supplemental annuity contracts
- A wide range of Life products
- Accident & Health products
- Other products covered now or in the future by acquisitions and reinsurance
Our roles are diverse and cover areas such as:
- Pricing analyses, sensitivities and analytics
- GAAP, Statutory, hedging and embedded value modelling
- US cash flow testing
- Bermuda economic balance sheet
- Valuation and financial reporting
- Support of inforce management initiatives
- Review and analysis of reinsurance settlements
- Development and analysis of liability key performance indicators
- Quality Assurance (first line independent testing and validation of models)
- Capital management
- And more
The following skillsets are not required but are a plus:
- Strong technical skills (Excel skills required)
- Knowledge of SQL, familiarity with programming in R or Python
- Exposure to business intelligence tools such as Tableau, Power BI, etc.
- Exposure to actuarial software such as GGY/Moody’s AXIS
We are seeking professionals with the following personal characteristics:
- Excited to learn and develop
- Entrepreneurial and collaborative
- Desire to deliver a complete work product
- Strong oral and written communication skills
- Highly motivated and results-oriented
- Strong analytical skills
- Ability to work independently
- Positive, “can-do” attitude
- Fluent in Microsoft Office suite of applications, e.g., Excel, Word, Outlook, PowerPoint
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: $80,000 USD - $105,000 USD
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)
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Salary : $80,000 - $105,000
