Actuarial Associate, Life

Fortitude Re

Nashville (TN)

On-site

USD 110,000 - 130,000

Full time

14 days+

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Job summary

Fortitude Re is expanding and seeks an Actuarial Associate to join their dynamic team. This role is integral in performing diverse actuarial tasks across products such as variable and fixed annuities. Candidates should have an analytical mindset, strong technical skills, and a commitment to collaborative work in a growing insurance environment.

Qualifications

Must be an Associate or Fellow of SOA, CAS, or IFoA.
3+ years of experience in an actuarial role required.

Responsibilities

Conduct pricing analyses and model development.
Perform valuation and financial reporting.
Support management initiatives and capital management.

Skills

Analytical skills

Strong communication

Technical skills

Education

Undergraduate degree in mathematics or related field

Tools

Excel

SQL

R or Python

Job description

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 herefor moreinformation about Fortitude Re.

Fortitude Re is rapidly growing and we have multiple open actuarial positions at theActuarial Associatelevel, which require3 plusyears of experience in an actuarial role. This individualmust be an Associate or Fellow of the SOA, CAS, or IFoA. This individual will have an undergraduate degreewith preference for mathematics, actuarial sciences, statistics, or other quantitative fields.

You are welcome to apply to a specific job posting, or, if you’re not sure which posting might be appropriate given your specific experience and expertise, you may apply to this general job requisition. We will review your resume and contact you if we think you may be a fit for any of our open positions.

Our products include:

Variable annuities (VA)
Fixed deferred annuities
Supplemental annuity contracts
A wide range of Life products
Other products covered now or in the future by acquisitions and reinsurance

Our roles are diverse and cover areas such as:

Pricing analyses, sensitivities and analytics
GAAP, Statutory, hedging and embedded value modelling
US cash flow testing
Valuation and financial reporting
Support of inforce management initiatives
Review and analysis of reinsurance settlements
Development and analysis of liability key performance indicators
Quality Assurance (first line independent testing and validation of models)
Capital management
And more

Our products include:

Variable annuities (VA)

Fixed deferred annuities

Supplemental annuity contracts

A wide range of Life products

Accident & Health products

Other products covered now or in the future by acquisitions and reinsurance

Our roles are diverse and cover areas such as:

Pricing analyses, sensitivities and analytics

GAAP, Statutory, hedging and embedded value modelling

US cash flow testing

Bermuda economic balance sheet

Valuation and financial reporting

Support of inforce management initiatives

Review and analysis of reinsurance settlements

Development and analysis of liability key performance indicators

Quality Assurance (first line independent testing and validation of models)

Capital management

And more

The following skillsets are not required but are a plus:

S trong technical skills (Excel skills required)

Knowledge of SQL, familiarity with programming in R or Python

Exposure to business intelligence tools such as Tableau, Power BI, etc.

Exposure to actuarial software such as GGY/Moody’s AXIS

We are seeking professionals with the following personal characteristics:

Excited to learn and develop

Entrepreneurial and collaborative

Desire to deliver a complete work product

Strong oral and written communication skills

Highly motivated and results-oriented

Strong analytical skills

Ability to work independently

Positive, “can-do” attitude

Fluent in Microsoft Office suite of applications, e.g., Excel, Word, Outlook, PowerPoint

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: $110,000 USD - $130,000 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)

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.

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