Assistant Vice President, Reinsurance Operations & Integration
Nashville, TN, USA
Req #580
Friday, May 19, 2023
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.
The Assistant Vice President, Reinsurance Operations & Integration, will report directly to the VP, Reinsurance Operations & Integration, and play a key role in the end-to-end integration of deals/transactions and our growing Reinsurance Operations L&A and PC portfolios, as well a broader operations and strategic initiatives portfolio. Our deal integration and operations capability needs to be high functioning, stable and nimble to handle business growth in a rapidly changing environment. We are a high performing team that is available to meet the demands of a highly analytical workforce delivering on critical timelines to support our business objectives.
What You Will Do:
The base salary range for this role is $118,000-$146,000 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.
What You Will Do:
- Manage the onboarding of reinsurance deals/transactions from due diligence through closing and transition to business-as-usual processing,
- Coordinate with counterparties and our internal support functions across Information Technology, Finance, Operations, Actuarial, Investments and the New Business teams.
- Oversee continuing ongoing operational oversight to ensure effective and efficient support of inforce reinsurance business from an operations perspective.
- Supervise and coach a team of senior associates and associates and manage their day to day responsibilities with the broader AVP/VP Ops leaders.
- Contribute to a culture of continuous improvement and enable a high-performing team
- Oversee the reinsurance operations systems & processes, including coordination of counterparty settlement & reporting requirements and operational support to controls and financial reporting requirements.
- Simplify, streamline and document operational and integration processes and playbooks.
- Work with Operations leaders to define our model reinsurance office, including project management of gaps, solutions implementation, KPIs etc.
- Project management of other operational and strategic initiatives.
- University degree, MBA or Graduate Degree is a plus.
- Minimum of 8 years of relevant post-qualification experience within re/insurance.
- Expertise in re/insurance transactions structures, processes, systems and controls.
- Experience leading time sensitive client facing projects and proven experience in successful execution.
- Strong problem solving, and analytical skills and ability to look at all matters creatively and with ingenuity.
- Possess project management, business and collaboration skills, and be responsive to service needs and operational demands.
- Interest in/Ability to lead and coach senior associates and associates.
- Proven track record of liaising with a diverse team across multiple departments.
- Proven ability to work well under pressure and ability to meet tight deadlines and respond to changing priorities
- Detail oriented, organized, motivated and results oriented.
- Proven ability to work independently.
The base salary range for this role is $118,000-$146,000 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.
What We Offer:
We offer competitive benefits in a fast-paced, dynamic and nimble culture including:
- Unlimited PTO policy
- Up to 11 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan
- Paid parental leave
- Tuition reimbursement
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
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.
Other details
- Job Family OP - Operations
- Job Function AVP
- Pay Type Salary
- Nashville, TN, USA