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Fortitude Re · 1 day ago

AVP, Financial Reporting Manager

Jersey City, NJ

Full-time

Hybrid

Mid, Senior Level

$190K/yr - $210K/yr

6+ years exp

Fortitude Reinsurance Company Ltd. is a leading provider of legacy reinsurance solutions, working with top insurance companies. The AVP, Financial Reporting Manager will oversee financial reporting and valuation for the company's Life and Annuity business, ensuring compliance with US GAAP and Statutory accounting standards.

Financial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Consolidate valuation results for financial reporting purposes across Fortitude’s lines of business including Traditional Life, Universal Life, Variable UL, Payout Annuity, Fixed and Indexed Deferred Annuity and Accident & Health (A&H)/LTC within financial reporting timelines

Serve as the technical expert and supervise all technical aspects of the valuation actuarial team to update, run, and report on all US GAAP and Statutory liabilities for Life and Annuity contracts assumed by Fortitude Re

Establish and conduct periodic unlocking of Deferred Gain, Cost of Reinsurance Asset and VoBA Liability schedules

Development and maintenance of the robust control infrastructure

Lead and support US statutory annual statement annual reporting and Bermuda annual Statutory Financial Statement reporting

Support development and maintenance of a production valuation data and calculation environment for multiple valuation models, primarily Axis

Support the technical aspects in developing and automating the reporting infrastructure with an emphasis on building repeatable processes with built-in review capability

Work with internal and external auditors in their periodic reviews

Assist in the review, understanding, and interpretation of results

Provide technical expertise in formally explaining variations in earnings versus the best estimate expectation and prior period

Communicate consolidated results to senior management through memos, PowerPoint presentations, and providing insights and answers to questions

Mentor and guide junior team members, fostering a culture of continuous learning and development

Contribute to team capability-building through best practice sharing, peer review, and development of standard tools and templates

Qualification

US GAAPStatutory accountingFinancial reportingValuation experienceActuarial knowledgeFinancial modelingProject managementAnalytical skillsCommunication skillsDetail orientedProblem solvingMentoring

Required

Undergraduate degree required with finance, accounting, actuarial science and other quantitative fields preferred

6+ years of experience, ideally dealing with valuation, financial reporting and analysis for insurance/reinsurance and/or insurance accounting

Strong working knowledge of US GAAP and US Statutory accounting principles and reporting requirements

Project management, detail oriented, and strong organizational skills

Excellent mathematical, analytical and problem-solving skills with attention to detail

Mathematical, accounting, and actuarial knowledge; digital literacy; proficiency in financial modeling and financial principles

Problem solving and a basic business sense of financial, accounting and economic aspects of the business

Proficient with MS Word, Excel, and strong ability to work with and understand data

Excellent written and oral communication skills

Highly motivated, results- and goal-oriented with the ability to manage multiple projects within financial reporting timelines

Preferred

Associateship of the Society of Actuaries (ASA), Fellowship of Society of Actuaries (FSA) or a recognized accounting designation (CPA or equivalent) preferred

Technical experience with US GAAP and US Stat valuation a plus

Benefits

Annual bonus based on company and individual performance

Generous benefits package

Company

Fortitude Re

Fortitude Re is a reinsurance company that specializes in executing bespoke transactional solutions.

Founded in 2017

Jersey City, New Jersey, USA

501-1000 employees

https://fortitude-re.com

H1B Sponsorship

Fortitude Re has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2025 (5)

2023 (3)

2022 (2)