Assistant Vice President, Investment Accounting US Remote-US, US-Jersey - Finance - Investment Accounting

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 AVP, Investment Accounting Manager is responsible for managing the day-to-day of the investment accounting team and Fortitude Re's investment accounting platform for the month-end and quarter-end close of all investment accounting and reporting for the company’s complex portfolio of investments. This includes performing detailed analysis of investment results and communicating to senior management under multiple bases of accounting (GAAP, US STAT, Bermuda STAT, Management Reporting).

The AVP will run and manage the analysis of net investment income, realized gains and losses, investment yields, investment balances by asset class, etc. as well as provide support to Capital teams for the investment results and reporting requirements. This position will support the investment accounting internal control environment under Sarbanes Oxley and the NAIC Model Audit Rule. Additionally, this role will manage and review the general ledger activity, reconciliations, audit support, and ad hoc projects as the company acquires more blocks of business.

This position requires strong business and financial acumen to handle complex situations and will report into the Vice President of Investment Accounting.

• Onboarding and integration of new investment portfolios to the Fortitude Re's investment accounting platform, including the build-out of the reporting associated with the new portfolios. Build out financial reporting process and controls to support investment financial reporting requirements under GAAP, US STAT and Bermuda Statutory frameworks.
• Manage and assist compilation of quarterly and yearly footnotes, MD&A, Statutory investment exhibits, debt reporting covenants, valuation committee and audit committee reports.
• Complete investment yield analysis and establish related performance metrics.
• Assist in the preparation of quarterly earnings reports and annual audited financial statements including footnotes and rating agency reporting.
• Perform quarterly investment valuation and reconciliation controls supporting the internal control environment.
• Create interactive automated investment reporting within Fortitude Re's investment accounting platform to facilitate portfolio financial reporting and analysis as well as be responsible for automating manual processes and controls for efficiency and effectiveness.
• Facilitate and assist with external audits, related testing and the completion of audit work papers.
• Review…