AVP, Valuation Actuary Manager

Fortitude Reinsurance Company Ltd. (Fortitude Re)

AVP, Valuation Actuary Manager – Role Overview

• Perform the valuation (US GAAP/LDTI, statutory and tax) requirements for Fortitude’s reinsurance transactions and/or acquisitions, aligning to corporate and accounting policies, control framework, and procedures, and performing periodic valuation of these blocks.
• Perform the periodic US GAAP/LDTI, Statutory, and Tax valuation and financial reporting for Fortitude Re’s businesses, including fixed deferred annuities and indexed annuities.
• Assist with onboarding of new deals into the Fortitude environment, including drafting of test tools that replicate modeled results, implementation and business requirement memorandums, and supporting the construction of the opening balance sheet.
• Supervise directly and/or indirectly a team that supports valuation work and financial reporting, reviewing input data for completeness and accuracy and reserves for reasonableness.
• Support US statutory blue book reporting requirements, if applicable.
• Ensure that all valuation activities follow Fortitude Re’s Internal Controls for Financial Reporting Framework.
• Perform analytics and prepare analysis of financial results.
• Work with the Modeling team to manage and execute the building/maintenance of Fortitude Valuation Systems (FVS) AXIS models, including user-acceptance testing through change management processes.
• Develop audit tools to validate reserve calculations.
• Assist in process improvement efforts, particularly automation using Python, Git Hub, and other technology platforms.
• Assist in responding to internal and external auditor requests.
• Execute on ad hoc projects.
• Team Supervision:
  Supervise and mentor Senior Associates and Associates, fostering a collaborative and high-performance environment.
• Talent Development:
  Assist in recruiting, training, and developing valuation team members, ensuring they have the necessary skills and knowledge.

• 5+ years of experience, ideally dealing with valuation and financial reporting.
• Undergraduate degree required, preferably in mathematics, actuarial sciences, or other quantitative fields.
• Project management, detail-oriented, and strong organizational skills.
• Associateship of the Society of Actuaries (ASA), Fellowship of Society of Actuaries (FSA), or an equivalent designation.
• Excellent mathematical, analytical and problem-solving skills with attention to detail.
• Mathematical and actuarial knowledge, computer and actuarial software skills, analytical.
• Problem solving and a basic business sense of financial, accounting and economics aspects of business.
• Experience managing a small team with ability to mentor staff.
• Proficient with MS Word, Excel, and SQL.
• AXIS experience strongly recommended and/or experience with other valuation platforms.
• Significant technical experience and expert-level US statutory and US GAAP valuation knowledge.
• Experience with data structures and handling.
• Excellent written and oral communication skills.
• Highly motivated, results- and goal-oriented with the ability to manage multiple projects independently and with a high level of discipline.

$180,000 USD – $200,000 USD

All employees are eligible for an annual bonus based on company and individual performance and a generous benefits package.

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, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, diversity of thought and any other characteristic protected by applicable law.

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