SVP, Investment Accounting Controller

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.

The SVP, Investment Accounting Controller leads our Investment Accounting department. The Investment Accounting department is responsible for the accurate accounting, financial statement disclosures and compilation of monthly and quarterly investment data for multiple legal entities, multiple accounting basis, and distinct reinsurance portfolio maintenance. This includes analysis of portfolio market values, net investment income, realized gains and losses, investment yields, investment balances by asset class, etc.

This leader will need to transform the Investment Accounting department for a high growth company. This key leadership position is responsible for building and developing a high-performing team, building out the investment accounting systems, integrating new investment portfolios, and developing investment accounting controls to company standard and continuously improving the operating environment.

The ideal candidate must have demonstrated leadership and transformation experience, investment accounting and financial reporting experience for a life and annuity insurance company or reinsurance company as well as public company experience. This position requires the business and financial acumen to handle complex situations.

This position reports to the Chief Accounting Officer and leads a team of investment accounting professionals and managers. This role will be aligned to our Nashville, TN office on a hybrid basis.

• Build and lead a high-performing team of investment accounting leaders and professionals, providing mentorship and guidance to develop skills aligned with team priorities (a leader of leaders)
• Manage team priorities and workloads to ensure that work is well-balanced across the department without key person dependencies
• Model excellent leadership behaviors
• Cultivate a culture of continuous learning so all team members understand our investment portfolio positions and roles are cross trained. Identify and facilitate training, coaching and development to enhance team capabilities and enable career growth.

• Foster a continuous improvement / growth mindset culture across the team. Develop after action plans with strong execution on clear concrete remediation plans to evolve the operating environment
• Work with Data & Analytics to automate data feeds, journal entries, reconciliations and reporting / analytics

• Manage and enhance review procedures to verify that investment data is appropriately posted to the general ledger for all basis of accounting within agreed time frames
• Act as the Chair for the Investments Pricing and Valuation Committee to execute on Fortitude’s governance requirements to provide Executive Management transparency of portfolio valuation judgements.
• Monitor and assess the team’s performance in conducting accurate and well…