Treasury Intern - Summer 2025

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 $55 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.

Be a part of our 9-week Internship Development Program, where you will have the opportunity to apply knowledge gained through your college courses. Becoming a Treasury Intern is a great way to enhance your business acumen and gain insight into our industry. Interns are placed into meaningful roles that have an immediate and integral impact on the business.  The internship will be based in our Jersey City, NJ office and will run from June 2, 2025, through August 1, 2025. You must be available for all 9 weeks of the program.

Fortitude Re is an international composite reinsurer in an active growth phase. We have added new domestic companies, holding companies, as well as multiple trust account structures in support of new reinsurance transactions. The Treasury team is responsible for managing daily cash and derivatives operations for the Fortitude Re group of companies.  This intern will join a dynamic team-oriented Treasury group and work closely with the broader Finance team as well as Investments team. 

What You Will Do:

• Assist the head of derivatives collateral with daily margin calls, trade capture and trade reporting.


• Assist the head of Treasury Management Systems (TMS) with SAP TMS testing and documentation. 


• In collaboration with Investment Operations and Treasury teams, assist in managing state deposit requirements and pledges. 


• Evaluate market rate changes and potential impact on hedges and other collateralized positions. 


• Produce short-term cash and investments portfolio reporting and cash flow forecasting.   


• As necessary, coordinate with the Treasury head of borrowing programs to execute repo and FHLB secured borrowings on a committed and uncommitted basis to add sources of liquidity.


• Perform bank account administration functions to support data capture. 


• Assist Treasury team with risk and control assessments and implementing improvements as identified.


• Assist in maintaining, updating, and standardizing all Treasury related documentation, (operations procedures, outstanding agreements, banking policies)

What You Will Have:

• Rising college senior pursing a bachelor’s degree in finance, accounting, economics or investments


• Planning to obtain CTP, CPA or CFA; CTP viewed positively and would be supported by the team.


• Ability to work collaboratively in-person and from remote locations.


• Strong communication and analytical skills.


• Willingness to express ideas and participate in problem solving. 


• Strong written, verbal, and interpersonal communications skills.

Applicants must be authorized to work for any employer in the U.S. We are unable to consider applicants who will now or in the future require sponsorship for an employment visa.

What We Offer:
 
We offer our employees competitive benefits in a fast-paced, dynamic and nimble culture including:

• Unlimited PTO policy


• Up to 12 paid company holidays


• Up to 16 hours per year of paid volunteer time 


• Competitive 401(k) plan - US Employees Only


• Paid parental leave


• Learning and Development Stipend


• Mental Health and Wellbeing support


• Health, vision, dental, and life insurance with additional access to health and wellness programs


• Flexible working environment


• Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees


• Actuarial Program Rotation for ADP employees


• For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office

At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives. 

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)