Senior Associate, Life Pricing Actuary

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 Senior Associate, Life Pricing is a strong technical contributor who plays a key role in pricing and analyzing potential life and annuity reinsurance transactions. What You Will Do: 

• 
  

  Assemble and review pricing analysis input data for accuracy and completeness. 

  
  

• 
  

  Perform analyses on cedant data in support of pricing analyses. 

  
  

• 
  

  Develop model enhancements to support transaction needs. 

  
  

• 
  

  Work with investments, strategic finance, tax, and other teams to ensure the pricing analyses reflect data and inputs from these teams. 

  
  

• 
  

  Present details of work performed at team meetings. 

  
  

• 
  

  Ensure familiarity and compliance with pricing standards. 

  
  

• 
  

  Assist in the documentation of pricing models, methodologies, and assumptions. 

  
  

• 
  

  Engage in continuous learning and professional development activities to stay current with industry trends and advancements.  

  
  

• 
  

  Assist in implementing and testing model changes to improve pricing models.  

  
  

What You Will Have: 

• 
  

  Associate of Society of Actuaries (ASA), ACAS, AIA or equivalent designation.   

  
  

• 
  

  Minimum of 4 years of relevant experience. 

  
  

• 
  

  Organized, reliable, detail-oriented, and motivated to support delivering timely results and quality work products. 

  
  

• 
  

  Strong communication and interpersonal skills. 

  
  

• 
  

  Be an adaptable and team player. 

  
  

• 
  

  Strong conceptual understanding and hands-on experience with different financial reporting bases (e.g. US / Canadian / Bermuda / International regimes) and a strong familiarity with products commonly sold in those markets. 

  
  

• 
  

  Strong modeling and technical skills (Excel modeling skills required; SLOPE / AXIS / SQL / Python / Julia is a plus). 

  
  

• 
  

  Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field preferred. 

  
  

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: $115,000 USD - $145,000 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)