AVP, Financial Close Leader

fortitudegroupholdingsllc; Jersey City (NJ); Hybrid; USD 120,000 - 190,000; Full time

Job summary

Fortitude Reinsurance Company Ltd. is seeking an AVP, Financial Close Leader to direct enterprise-wide financial processes across regions from our Jersey City hybrid office.

You will coordinate audits with PwC, manage the Finance Strategy system, and lead cross-functional engagements to ensure data-driven operations. The role requires a Bachelor’s degree in Finance/Accounting and 7+ years in insurance or financial services, with strong communication and regulatory knowledge.

Qualifications

• Bachelor's degree in Finance, Business, or Accounting preferred.
• 7+ years of professional experience in insurance or financial services.
• Strong knowledge of (re)insurance or other financial markets.
• Knowledge of audit processes and regulatory compliance.
• Exceptional written and verbal communication skills as someone who interacts with team members.

Responsibilities

• Finance Process Strategic Ownership: Work closely with the VP, Strategic Finance to develop and execute strategic initiatives to accelerate financial deliverables, ensuring timely and accurate reporting.
• Program Management of Finance Activities: Maintain a comprehensive finance calendar, host status calls, and communicate progress against milestones.
• Communication and Collaboration: Develop executive communications & presentations and coordinate with Data & Analytics and other Finance teams.
• Audit Coordination: Support development and coordination of a comprehensive audit plan and liaise with PwC for audit activities.
• What You Will Have: Bachelor’s degree, 7+ years of experience, knowledge of (re)insurance and regulatory compliance.

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 here for more information about Fortitude Re.

The AVP, Financial Close Leader will play a key role in directing and coordinating enterprise-wide financial processes to promote consistency, efficiency, and operational excellence across all regions. This includes maintenance of our Finance Strategic Management system and execution of the financial audit plan, including managing coordination with external auditors, and aligning agendas for the audit committee and internal management. The AVP will ensure a comprehensive view of our enterprise financial processes. The AVP will also serve as content developer and be responsible for planning and executing on key finance-wide engagements, including leadership team staff meetings, quarterly Town Hall meetings, and periodic team off sites. The role will also require strong collaboration with the Data & Analytics team and other Finance functions to ensure well-integrated, effective, and data-driven financial operations. This position reports to the VP, Strategic Projects-Finance.

This role will be based in our Jersey City, NJ office on a hybrid basis.

What You Will Do:

Finance Process Strategic Ownership :

• Work closely with the VP, Strategic Finance to develop and execute strategic initiatives to accelerate financial deliverables, ensuring timely and accurate reporting.
• Manage the Finance Strategic Management System to ensure alignment with organizational goals and objectives including, tracking issues and skills interviews.

Program Management of Finance Activities :

• Assist in managing the end-to-end program oversight of all finance activities, including maintaining a comprehensive finance calendar, hosting the status call and regularly communicating progress against key milestones.
• Communicate upcoming deliverables proactively, address and resolve issues, and ensure all finance processes are well-documented.
• Manage projects across Finance, developing execution plans and driving to completion.
• Support initiative planning efforts with the leadership team and recalibrate the strategic plan as needed.
• Collaborate with business leaders on organizational priorities, document follow up items, track and drive items to closure.

Communication and Collaboration :

• Work closely with the Data & Analytics and other Finance teams to identify opportunities for process improvements and automation opportunities.
• Develop high-quality executive communications & presentations, helping to communicate the value and vision of the Finance enterprise, for internal and external purposes (i.e., company/executive level, investor, board, and audit committee presentations, etc.).
• Support the preparation of monthly reports for audit and board meetings.
• Maintain and regularly update content across internal and intranet platforms for the Finance team to ensure accuracy and relevance.
• Engage and coordinate with key finance and business stakeholders to raise issues and ensure consistent messaging across the organization.

Audit Coordination :

• Support development and coordination of a comprehensive audit plan and coordinate materials for the audit committee and internal management.
• Work closely with the VP, Strategic Projects to act as primary liaisons with PwC, ensuring effective collaboration and alignment on audit activities.

What You Will Have:

• Bachelor's degree in Finance, Business, or Accounting preferred; Operations or Project Management a plus.
• 7+ years of professional experience in insurance or financial services industry.
• Strong knowledge of (re)insurance or other financial markets.
• Knowledge of audit processes and regulatory compliance.
• Exceptional written and verbal communication skills as someone who interacts with team memb