Fortitude Re
Overview
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 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 go back many decades. Fortitude Re’s leadership team has extensive industry tenure and a track record of managing complex legacy liabilities. Their deep insurance experience and risk modeling capabilities enable bespoke transactions that benefit both insurance companies and policyholders.
What You Will Do
Oversee all operational accounting activities including R2R, A/P, A/R, T&E, TPA (incl. communication of results), corporate expenses, debt, and fixed assets across all legal entities and reporting bases.
Ensure compliance with internal policies for intercompany allocations and settlements.
Manage quarterly ledger feeds, new account setups, and ensure accurate legal entity allocations.
Lead the development and submission of FCA Re. accounting packages in coordination with the VP, Insurance Accounting Leader.
Monitor and ensure alignment with accounting policies across all operational entries.
Drive robust execution of reconciliations (incl. suspense) and other related controls over cash, vendors, and intercompany processes.
Coordinate related approvals and work with Treasury to settle intercompany balances monthly.
Identify opportunities to streamline, automate, and standardize operational processes across all legal entities and reporting bases.
Drive standardization, automation and documentation of processes to ensure consistency and compliance.
Partner with internal and external stakeholders to ensure transparency and audit readiness.
Lead and mentor a team of accounting professionals, providing guidance, mentorship, and fostering a collaborative, results-oriented culture.
Promote a culture of continuous improvement, automation, and accountability.
What You Will Have
Bachelor’s degree in Accounting, Finance, or related field; CPA or CA preferred.
10+ years of progressive financial management (public accounting preferred) experience, with at least 5 years in a leadership role.
Thorough knowledge of Life & Annuity (re)insurance industry accounting principles, financial reporting standards, and regulatory compliance.
Strong knowledge of US GAAP/US STAT/SFS and EBS accounting rules and requirements.
Excellent leadership, communication, and interpersonal skills.
Proficiency in financial software and ERP systems (e.g., SAP, Workday).
Strategic thinking and problem-solving abilities.
High level of integrity and dependability.
Strong analytical skills with the ability to interpret complex financial data and attention to detail.
Ability to manage multiple priorities and meet tight deadlines.
Excellent verbal and written communication skills with the ability to influence senior leadership.
Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.
Strong process and control orientation, with experience in audits, walkthroughs, and control enhancement.
External vendor oversight.
Proven change agent with automation, AI and systems implementation experience preferred.
Compensation and Benefits The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges 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:
$140,000 USD - $180,000 USD
Equal Opportunity At Fortitude Re, our strength comes from our people. We embrace the unique attributes, perspectives and experiences of every individual. We foster a culture of inclusion and belonging where everyone feels valued and respected, regardless of background, race, religion, sexual orientation or gender identity.
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.
Agency 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 Fortitude Re YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.
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What You Will Do
Oversee all operational accounting activities including R2R, A/P, A/R, T&E, TPA (incl. communication of results), corporate expenses, debt, and fixed assets across all legal entities and reporting bases.
Ensure compliance with internal policies for intercompany allocations and settlements.
Manage quarterly ledger feeds, new account setups, and ensure accurate legal entity allocations.
Lead the development and submission of FCA Re. accounting packages in coordination with the VP, Insurance Accounting Leader.
Monitor and ensure alignment with accounting policies across all operational entries.
Drive robust execution of reconciliations (incl. suspense) and other related controls over cash, vendors, and intercompany processes.
Coordinate related approvals and work with Treasury to settle intercompany balances monthly.
Identify opportunities to streamline, automate, and standardize operational processes across all legal entities and reporting bases.
Drive standardization, automation and documentation of processes to ensure consistency and compliance.
Partner with internal and external stakeholders to ensure transparency and audit readiness.
Lead and mentor a team of accounting professionals, providing guidance, mentorship, and fostering a collaborative, results-oriented culture.
Promote a culture of continuous improvement, automation, and accountability.
What You Will Have
Bachelor’s degree in Accounting, Finance, or related field; CPA or CA preferred.
10+ years of progressive financial management (public accounting preferred) experience, with at least 5 years in a leadership role.
Thorough knowledge of Life & Annuity (re)insurance industry accounting principles, financial reporting standards, and regulatory compliance.
Strong knowledge of US GAAP/US STAT/SFS and EBS accounting rules and requirements.
Excellent leadership, communication, and interpersonal skills.
Proficiency in financial software and ERP systems (e.g., SAP, Workday).
Strategic thinking and problem-solving abilities.
High level of integrity and dependability.
Strong analytical skills with the ability to interpret complex financial data and attention to detail.
Ability to manage multiple priorities and meet tight deadlines.
Excellent verbal and written communication skills with the ability to influence senior leadership.
Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.
Strong process and control orientation, with experience in audits, walkthroughs, and control enhancement.
External vendor oversight.
Proven change agent with automation, AI and systems implementation experience preferred.
Compensation and Benefits The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges 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:
$140,000 USD - $180,000 USD
Equal Opportunity At Fortitude Re, our strength comes from our people. We embrace the unique attributes, perspectives and experiences of every individual. We foster a culture of inclusion and belonging where everyone feels valued and respected, regardless of background, race, religion, sexual orientation or gender identity.
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.
Agency 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 Fortitude Re YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.
#J-18808-Ljbffr