Associate, Investment Operations

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.   Click here for more information about Fortitude Re.

The Associate, Investment Operations plays an essential role in providing the day-to-day operational support for the Investments portfolio. Assists with developing systems that support more efficient operations and assists with processing financial transactions.

What You Will Do:

• Assist with onboarding new reinsurance deals into the Investments Operational infrastructure by creating new portfolios, ensuring portfolio mapping is in place.
• Assist with onboarding of new asset managers.
• Prepare post trade compliance reports to ensure adherence to Reinsurance and Investment Manager guidelines.
• Provide Operational support for the Alternatives portfolio including creating new portfolios, monitoring of capital calls and distributions, executing cash wires, ensuring transaction capture in books and records.
• Support the derivative asset class through preparation of reconciliations and timely research/resolution of breaks.
• Support the Data Governance model by assisting in implementation of key Investment data fields.
• Assist in the integration of data from new asset classes or managers into Fortitude’s investments data architecture.
• Data Stewardship
  • Review daily data quality checks within Datalake. 
  • Research and resolve data issues
  • Liaise with appropriate parties to resolve data issues.
• Assist in development of automated reports and dashboards to facilitate the management of the investment portfolio and the sharing of information with key stakeholders.
• Perform reconciliation of open receivables and payables related to investment activity and of unapplied/misapplied cash by working across internal/external systems/business partners to resolve discrepancies.
• Proactively track unresolved items, escalating where appropriate and maintaining detailed records of communication and actions taken.
• Address ad-hoc inquiries relating to data, investment activities, etc.

What You Will Have:

• Bachelor's degree.
• 2 years of investment, accounting and/or data analysis experience.
• Excellent communication and presentation skills.
• Ability to work collaboratively within a team and across departments.
• Excellent interpersonal skills, flexibility, and critical thinking skills.
• Technical expertise with Microsoft Office projects, SQL, Python and other coding languages.

The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.  

Base Salary Range: $90,000 USD - $100,000 USD

At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company.  Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.

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 (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.

To all recruitment agencies:  Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees.  Fortitude Re is not responsible for any fees related to unsolicited resumes.

Check us out on YouTube:  About Fortitude Re (youtube.com)