Assistant Vice President & Actuary, Inforce Reinsurance

Bermuda Req #558
Tuesday, May 2, 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.

Reporting to the VP Inforce Reinsurance Actuary, the successful applicant will execute and provide support for Inforce Management initiatives involving a wide range of Life, A&H, and Annuity products. The responsibilities of this position include the review and analysis of reinsurance settlements and financial reporting. The responsibilities of this position also include the development and analysis of liability key performance indicators and the management of non-guaranteed elements. This individual will be an integral member of the Inforce Management team. This role will be based in our Bermuda office.

What You Will Do:


  • Design a control framework for reinsurance settlement review processes associated with newly acquired blocks of business
  • Provide analysis for recurring reinsurance settlement statements and financial reporting
  • Provide analysis for recurring reinsurance settlement statements and financial reporting
  • Develop, report, and provide analysis for key performance indicators and communicate results to key stakeholders
  • Manage, monitor, review, and report on non-guaranteed elements
  • Support the evaluation and integration of newly acquired blocks of business
  • Develop reports for communication with senior management
  • Implement process improvement and automation through use of data integration, analytics, and visualizations
  • Execute on various ad hoc projects and key initiatives


What You Will Have:

  • 7+ years of progressively more responsible experience in the insurance industry
  • Undergraduate degree is required
  • Actuarial, finance, or other professional designation is desirable
  • Deep insurance product level knowledge
  • Demonstrated success working in cross-functional collaborative teams and in working with senior management
  • Highly motivated, results- and goal-oriented with the ability to manage multiple projects independently and with a high level of discipline
  • Excellent written and oral communication skills
  • Strong analytical skills with proficiency in MS Word, Excel, and data analytics software

The base salary range for this role is $155,000-$185,000 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
  • Actuarial exam support through our Actuarial Development Program
  • Up to 11 paid company holidays
  • Up to 16 hours per year of paid volunteer time 
  • Paid parental leave
  • Tuition reimbursement
  • Health, vision, dental, and life insurance with additional access to health and wellness programs
  • Flexible working environment
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.

Other details

  • Job Family AC - Actuarial
  • Job Function AVP
  • Pay Type Salary
Location on Google Maps
  • Bermuda