VP, Transaction Finance Integration

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 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.  for more information about Fortitude Re.

The VP, New Transaction Integration supports the financial integration of new transactions, including legal entity acquisitions and/or formation, reinsurance transactions, and certain investment transactions, including securitizations, debt issuance, and complex investment structures. Reporting to the SVP, New Transactions Finance Integration, this role focuses on executing initiatives related to accounting considerations, financial reporting, audit compliance, internal controls, and financial analysis of each transaction.

The role will also oversee the integration of each deal into the company systems including the reinsurance, investment and general ledger systems.

The position plays a critical role in ensuring that all new transactions and business initiatives are implemented in alignment with internal control frameworks, accounting policies, financial reporting accuracy, and organizational strategy.

• Support the execution of integration activities across multiple new transaction types under the direction of the SVP, New Transactions Finance Integration.

• Manage finance integration project plans (which integrate with and support broader business integration plans), deliverables, and timelines to ensure milestones are met within cost and time budgets.

• Coordinate with finance, accounting, operations, and technology teams to deliver integrated solutions for new business initiatives. Develop and implement an integration “playbook” that serves to create a standard process to integrate new transactions into our financial systems and processes.

• Identify and escalate blockers, risks, and dependencies to senior leadership for timely resolution.

• Provide regular progress reporting, status updates, and documentation of integration activities.

• Maintain and update the Internal Control over Financial Reporting (ICFR) program for new transactions in partnership with Accounting Policy, Financial Controls and Audit.

• Support external and internal audit processes, ensuring control designs and testing documentation are complete and compliant.

• Assist with control buildouts for new entities, reinsurance transactions, complex investments and any new accounting considerations.

• Partner with Accounting Policy, Controllers, Financial Reporting and Finance Transformation teams to document and test General Ledger (GL) changes across all…