Fortitude Re
VP, Fixed Income & Co-Investments
Fortitude Re, Jersey City, New Jersey, United States, 07390
Overview
Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading provider of legacy reinsurance solutions, working with major insurance companies to execute transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and P&C products. The company is backed by institutional investors led by The Carlyle Group and T&D Insurance Group, with Bermuda incorporation on January 1, 2017. The leadership team has extensive industry tenure and a track record of managing complex legacy liabilities; the company focuses on bespoke transactions that benefit insurers and policyholders. Reporting to the SVP, Fixed Income, the
VP, Fixed Income & Co-Investments
is responsible for the development and execution of Fortitude Re’s fixed income co-investment program, the co-investment strategy, and an end-to-end solution. The role includes strategic oversight and surveillance of the company’s public and private fixed income portfolios, and requires senior leadership, ownership of complex investment initiatives, and guidance on capital deployment across the balance sheet. The role is based in Jersey City, NJ on a hybrid basis.
What You Will Do
Lead the development and execution of Fortitude Re’s fixed income co-investment strategy, sourcing and evaluating new opportunities across fixed income sectors, and manage select fixed income asset classes with strategy development, performance tracking, and tactical adjustments. Design and evolve the co-investment platform, identifying investment themes, asset manager partnerships, and sourcing models aligned with long-term objectives; develop a roadmap to scale the program with governance, deal execution, and risk management practices. Oversee public and private fixed income portfolios, ensuring alignment with performance objectives and internal policies and regulatory requirements. Conduct portfolio surveillance and performance analysis across fixed income holdings, evaluating returns, risk metrics, and attribution to identify trends, risks, and opportunities. Develop market insights and portfolio analysis, producing investment recommendations to optimize overall portfolio construction. Collaborate with external asset managers to source, structure, and execute co-investment transactions that align with risk, return, and governance standards; clearly communicate objectives to ensure alignment with portfolio strategy. Present co-investment proposals to internal governance bodies (investment and risk committees) and respond to rigorous questioning. Lead legal document review for co-investment transactions (memos, term sheets, subscription agreements) in coordination with internal counsel. Oversee due diligence across internal stakeholders (legal, tax, accounting, operations) to ensure thorough and timely evaluations. Ensure activities are consistent with investment strategy and regulatory requirements for insurance portfolios. Prepare and deliver regular reports on portfolio performance, risk exposures, and findings to senior management and investment committees, coordinating with Risk Management, Finance, and Investment Analytics teams. Provide mentorship to junior investment team members and, depending on team structure, supervisory responsibility for analysts or staff.
What You Will Have
Bachelor’s degree in finance, economics, or related discipline; CFA charter holder or advanced degree strongly preferred. 10 years of experience in investment management, portfolio analysis, or related role with significant exposure to fixed income investments. Deep understanding of fixed income markets and instruments; familiarity with other asset classes (equities, real estate, alternatives) is a plus. Strategic judgment and analytical abilities to assess investment proposals, identify risks, and make clear recommendations aligned with institutional objectives. Proficiency in portfolio performance monitoring and risk analysis with strong command of tools (e.g., Excel, Bloomberg, Aladdin, or equivalents). Proven ability to manage relationships with external asset managers and influence their performance to meet objectives. Excellent communication and interpersonal skills to present investment insights to senior leadership and collaborate across teams and external partners. Experience presenting investment recommendations to senior leadership or investment committees, and ability to defend investment rationale under challenge. Ability to manage multiple projects and deadlines in a dynamic environment with strong organizational skills and stakeholder management. Leadership qualities and a proactive approach; prior team management experience is an asset but not required.
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges may differ by location; employees are eligible for an annual bonus and a generous benefits package. Base Salary Range:
$200,000 USD - $240,000 USD
Equal Opportunity and Privacy
Fortitude Re is committed to being an equal opportunity employer and evaluates qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, diversity of thought, or any other characteristic protected by applicable law. To all recruitment agencies: Unless requested to work on this position or other Fortitude Re positions, please do not forward resumes. Fortitude Re is not responsible for fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
#J-18808-Ljbffr
Fortitude Reinsurance Company Ltd. (Fortitude Re) is a leading provider of legacy reinsurance solutions, working with major insurance companies to execute transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and P&C products. The company is backed by institutional investors led by The Carlyle Group and T&D Insurance Group, with Bermuda incorporation on January 1, 2017. The leadership team has extensive industry tenure and a track record of managing complex legacy liabilities; the company focuses on bespoke transactions that benefit insurers and policyholders. Reporting to the SVP, Fixed Income, the
VP, Fixed Income & Co-Investments
is responsible for the development and execution of Fortitude Re’s fixed income co-investment program, the co-investment strategy, and an end-to-end solution. The role includes strategic oversight and surveillance of the company’s public and private fixed income portfolios, and requires senior leadership, ownership of complex investment initiatives, and guidance on capital deployment across the balance sheet. The role is based in Jersey City, NJ on a hybrid basis.
What You Will Do
Lead the development and execution of Fortitude Re’s fixed income co-investment strategy, sourcing and evaluating new opportunities across fixed income sectors, and manage select fixed income asset classes with strategy development, performance tracking, and tactical adjustments. Design and evolve the co-investment platform, identifying investment themes, asset manager partnerships, and sourcing models aligned with long-term objectives; develop a roadmap to scale the program with governance, deal execution, and risk management practices. Oversee public and private fixed income portfolios, ensuring alignment with performance objectives and internal policies and regulatory requirements. Conduct portfolio surveillance and performance analysis across fixed income holdings, evaluating returns, risk metrics, and attribution to identify trends, risks, and opportunities. Develop market insights and portfolio analysis, producing investment recommendations to optimize overall portfolio construction. Collaborate with external asset managers to source, structure, and execute co-investment transactions that align with risk, return, and governance standards; clearly communicate objectives to ensure alignment with portfolio strategy. Present co-investment proposals to internal governance bodies (investment and risk committees) and respond to rigorous questioning. Lead legal document review for co-investment transactions (memos, term sheets, subscription agreements) in coordination with internal counsel. Oversee due diligence across internal stakeholders (legal, tax, accounting, operations) to ensure thorough and timely evaluations. Ensure activities are consistent with investment strategy and regulatory requirements for insurance portfolios. Prepare and deliver regular reports on portfolio performance, risk exposures, and findings to senior management and investment committees, coordinating with Risk Management, Finance, and Investment Analytics teams. Provide mentorship to junior investment team members and, depending on team structure, supervisory responsibility for analysts or staff.
What You Will Have
Bachelor’s degree in finance, economics, or related discipline; CFA charter holder or advanced degree strongly preferred. 10 years of experience in investment management, portfolio analysis, or related role with significant exposure to fixed income investments. Deep understanding of fixed income markets and instruments; familiarity with other asset classes (equities, real estate, alternatives) is a plus. Strategic judgment and analytical abilities to assess investment proposals, identify risks, and make clear recommendations aligned with institutional objectives. Proficiency in portfolio performance monitoring and risk analysis with strong command of tools (e.g., Excel, Bloomberg, Aladdin, or equivalents). Proven ability to manage relationships with external asset managers and influence their performance to meet objectives. Excellent communication and interpersonal skills to present investment insights to senior leadership and collaborate across teams and external partners. Experience presenting investment recommendations to senior leadership or investment committees, and ability to defend investment rationale under challenge. Ability to manage multiple projects and deadlines in a dynamic environment with strong organizational skills and stakeholder management. Leadership qualities and a proactive approach; prior team management experience is an asset but not required.
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges may differ by location; employees are eligible for an annual bonus and a generous benefits package. Base Salary Range:
$200,000 USD - $240,000 USD
Equal Opportunity and Privacy
Fortitude Re is committed to being an equal opportunity employer and evaluates qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, diversity of thought, or any other characteristic protected by applicable law. To all recruitment agencies: Unless requested to work on this position or other Fortitude Re positions, please do not forward resumes. Fortitude Re is not responsible for fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
#J-18808-Ljbffr