AVP, Financial Operations

Fortitude Re; United States; On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Annual performance bonus

Generous benefits package

Job summary

A leading reinsurance provider in the United States is seeking an Assistant Vice President (AVP) for Finance Operations. This role directs financial processes, supports audit activities, and collaborates with various teams. The ideal candidate has over six years of experience in the insurance field, strong analytical skills, and excellent communication abilities. A competitive salary range of $120,000 - $160,000 USD is offered, along with performance bonuses and comprehensive benefits.

Qualifications

• 6+ years of experience in the insurance or financial services industry.
• Strong knowledge of (re)insurance or financial markets.
• Knowledge of audit processes and regulatory compliance.
• Highly organized and detail-oriented.

Responsibilities

• Direct and coordinate enterprise-wide financial processes.
• Assist in managing finance activities and project management.
• Collaborate with the Data & Analytics team for process improvement.
• Coordinate a comprehensive audit plan and materials.

Skills

Communication skills

Analytical skills

Project management

Collaboration

Education

Bachelor’s degree in Finance, Business, or Accounting

Operations or Project Management

Tools

PowerPoint

Word

Excel

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 is backed by a consortium of institutional investors led by The Carlyle Group and T&D Insurance Group. Fortitude Re is incorporated under the laws of Bermuda (January 1, 2017). The leadership team has extensive industry tenure and a track record of managing complex legacy liabilities. Fortitude Re uses deep insurance experience and proprietary risk modeling to structure bespoke transactions for insurance companies and policyholders.

Position: Assistant Vice President (AVP), Finance Operations

The AVP, Finance Operations will direct and coordinate enterprise-wide financial processes to promote consistency, efficiency, and operational excellence across regions. Responsibilities include execution of the financial audit plan, coordinating with external auditors, and alignment of agendas for the audit committee and internal management. The AVP will ensure a comprehensive view of enterprise financial processes and will serve as content developer for planning and executing key finance-wide engagements (e.g., leadership team staff meetings, quarterly Town Hall meetings, and periodic team off sites). The role requires collaboration with the Data & Analytics team and other Finance functions to ensure data-driven financial operations. This position reports to the Head of Finance Operations.

What You Will Do

• Finance Process Strategic Ownership:
  • Work with the Head of Finance Operations to develop and execute strategic initiatives to accelerate financial deliverables, ensuring timely and accurate reporting.
  • Manage the finance strategic management system to align with organizational goals and objectives.
• Program Management of Finance Activities:
  • Assist in managing end-to-end program oversight of all finance activities, including maintaining a comprehensive finance calendar and communicating progress against milestones.
  • Proactively communicate upcoming deliverables, resolve issues, and ensure processes are well-documented.
  • Manage projects across Finance, developing execution plans and driving to completion.
  • Support planning of quarterly offsite leadership meetings to recalibrate the strategic plan as needed.
  • Collaborate with business leaders to develop weekly staff meeting agendas, document follow-up items, and drive items to closure.
• Communication and Collaboration:
  • Collaborate with Data & Analytics and other Finance teams to identify opportunities for process improvements and automation.
  • Develop high-quality executive communications and presentations to communicate the value and vision of the Finance enterprise for internal and external purposes (company/executive level, investor, board, audit committee).
  • Prepare monthly reports for audit and board meetings.
  • Maintain and update content across internal and intranet platforms for the Finance team to ensure accuracy and relevance.
  • Engage 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.
  • Serve as a primary liaison 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.
• Six (6)+ years of professional experience in the 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 with the ability to interact with team members across all levels.
• Strong analytical and problem-solving skills, including the ability to implement solutions to improve the organization.
• Highly organized, detail-oriented with outstanding organizational and planning abilities.
• Strong project management skills with the ability to juggle multiple priorities and deadlines in a fast-paced environment.
• Experience in a fast-paced, high-growth organization preferred.
• Strong collaborator with a proven ability to build relationships and trust amongst team members.
• Skilled in PowerPoint, Word, Excel, and other office applications.

Salary and Benefits

The base salary range for this role is $120,000 USD - $160,000 USD and will be commensurate with candidate experience. Pay ranges may differ based on 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.

Equal Opportunity

Fortitude Re is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, pregnancy, national origin, age, disability, marital status, sexual orientation, gender identity, or any other characteristic protected by applicable law.

Agency Notice

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

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