Assistant Vice President, Capital Forecasting - Finance US-Nashville, Remote-US, US-Jersey

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.

AVP, Capital Management Forecasting - Finance will be a member of the Capital Management Forecasting Team (CMFT), Fortitude Re’s centralized forecasting function delivering consolidated forecasts across management earnings and valuation, regulatory and rating agency, and debt covenant bases to support the company’s strategic decision-making. This position reports to the VP, Capital Forecasting Finance Manager and contributes directly to forecasting financial based metrics and integration of results into enterprise applications.

CMFT partners closely with Actuarial Modeling, Investments, Treasury, and Finance, and delivers results to a broad range of internal and external stakeholders.

• Execute the quarterly production of financial-based forecast outputs, including management earnings and valuation, US GAAP, and financial-based capital constraints such as leverage ratios, across a range of scenarios and sensitivities.
• Support the development and maintenance of US GAAP-based projections, partnering with Finance on reconciliations to ensure consistency between forecast outputs and the enterprise financial reporting framework.
• Conduct detailed attribution of forecasting model results for period-over-period movements, and reconciliations of capital-based forecasts to actual and Budget results.
• Support the definition and documentation of business requirements and assist the Actuarial Modeling team in investigating issues, testing new functionality and validating changes prior to production deployment.
• Perform trend analysis to validate that forecasted reporting items are consistent with, or clearly explainable relative to, actual reported results, with particular focus on US GAAP and management basis outputs.
• Execute controls as designed to ensure the accuracy and auditability of all projection outputs and escape issues for resolution as they arise.
• Develop and maintain supplementary processes and analytical tools to extend the enterprise forecasting model’s coverage, ensuring reporting requirements are met across entities, accounts, and business segments not directly modeled within the core architecture.
• Contribute to automation and model architecture improvement initiatives to reduce manual processes and improve scalability across forecasting outputs.
• Support the preparation of senior management and board-level reporting materials, including capital forecast summaries and variance commentary for management committees.

• Undergraduate degree required with finance, accounting, actuarial science and other quantitative fields preferred.
• 7+ years of experience in financial reporting, FP&A or a related field within the insurance/reinsurance industry.
• CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress (ASA/FSA track) also valued.
• Working knowledge of US GAAP accounting…