VP, Investments Accounting Policy

Overview

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. The VP, Investments Accounting Policy role is a forward‑thinking subject matter expert who actively leverages emerging technologies and technical accounting research for the organization’s complex investment portfolio.

• Lead technical research on U.S. GAAP and U.S. Statutory accounting for complex investment assets and structures.
• Consolidation assessment of variable interest entity and voting interest models.
• Accounting for strategic new investment vehicles, including equity method, Fair Value Option (FVO), and underlying assets under fixed‑maturity, equity‑interest, or loan models.
• Finance, derivatives, insurance‑related instruments, embedded derivatives, hedge accounting, securities lending, and other unique transactions.
• Collaborate across functions to ensure investment portfolio accounting policies align with U.S. GAAP, U.S. Statutory, Bermuda frameworks, and capital requirements.
• Serve as technical specialist for ASC 810, ASC 815, ASC 323, and ASC 860.
• Act as main point of contact for the investment office on complex transactions, defining accounting requirements and coordinating with financial reporting.
• Integrate AI‑powered tools into research and execution workflows.
• Provide technical accounting guidance to the investment accounting team.
• Research, assess, and document accounting implications for significant or unusual transactions.
• Monitor standards developments from FASB, SEC, and NAIC impacting company policies.
• Contribute to financial process documentation and internal controls focusing on technical accounting.
• Offer real‑time advice on GAAP and statutory implications for new transactions.
• Provide training and coaching to staff as needed.
• Perform other related duties as assigned.

• Bachelor’s Degree and internationally recognized accounting designation (CPA or CA).
• Minimum of 8 years’ experience in a relevant investment background; public accounting and insurance sector exposure preferred.
• Demonstrated experience in accounting for complex investment structures, particularly variable interest and voting interest consolidation.
• Strong written and verbal communication skills.
• Ability to work at a fast pace and handle shifting priorities.
• Detail oriented with excellent technical memorandum writing ability.
• Strong research, analytical, and communication skills.
• Ability to work independently and collaboratively.
• Stays current on U.S. GAAP, U.S. Statutory guidance and SEC regulations.
• Supports core values by communicating and teaming effectively across cultures and organizational levels.

Base Salary Range: $212,000—$232,000 USD, commensurate with experience. Eligible for an annual bonus and a generous benefits package.

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, military and veteran status, diversity of thought and any other characteristic protected by applicable law.