AVP, Investment Analytics

Fortitude Re; Jersey City (NJ); On-site; USD 165,000 - 200,000; Full time

Benefits offered by this job

Annual bonus based on performance

Generous benefits package

Job summary

A leading reinsurance provider in Jersey City seeks an AVP, Investment Analytics. This role involves developing models to support investment strategy, analyzing performance, and maintaining data quality. Ideal candidates should have significant experience in analytics, knowledge of fixed income models, and strong programming skills. The base salary ranges from $165,000 to $200,000, complemented by bonuses and a comprehensive benefits package.

Qualifications

• 7+ years of experience in investments analytics or portfolio management required.
• Experience working at a (re)insurer is a plus.
• Proven expertise in building processes to clean and analyze large data sets.

Responsibilities

• Develop and maintain modeling to support investment strategy.
• Ensure delivery of analytics meets data quality standards.
• Build and maintain structured product models across public and private securities.

Skills

Strong analytical capabilities

Highly proficient in SQL

Knowledge of fixed income models

Experience with private credit

Proficiency using Bloomberg

Education

Bachelor's degree

CFA or FSA preferred

Tools

Bloomberg

Factset

Aladdin

R

Python

Job description

Overview

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 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 leadership has extensive industry tenure and a track record of managing complex legacy liabilities. Fortitude Re uses deep insurance experience and proprietary risk modeling capabilities to structure bespoke transactions that benefit both insurance companies and policyholders.

The AVP, Investment Analytics is responsible for developing and maintaining modeling to support Fortitude Re’s investment plan, based on its strategic asset allocation, asset modeling, and ALM framework. This role supports the pricing and due diligence of new business acquisitions and delivers analytics and critical assumptions to enable ALM, liability valuation, and regulatory reporting post-acquisition. It ensures the delivery of analytics and critical assumptions that enable ALM, liability valuation, and regulatory reporting post-acquisition meet data quality standards.

What You Will Do

• Develop, maintain and run various models, such as Factset, Aladdin, and other proprietary asset models.
• Develop analytics to monitor ALM strategy performance and risk and scale hedging/portfolio rebalancing workflow; standardize communication to Executive Committee, the Board of Directors, regulators, and other key stakeholders.
• Develop analytics to scale portfolio relative value and tactically asset allocation analysis.
• Develop analytics to support investment strategy, including standardizing and scaling new business pricing.
• Develop processes to standardize data feed into ALM analytics and validate data quality, coordinate discussion with data vendors, asset managers, and internal team.
• Develop model-driven investment processes for regular new business cash flows.
• Develop APIs to provide key ALM data to capital management, pricing, and in-force management teams.
• Deliver capabilities needed for portfolio managers to implement asset/liability management and asset allocation strategies on a daily basis.
• Ensure that the modeling processes are robust, efficient, and scalable, and that they adhere to the financial controls and best practices of the organization.
• Perform quantitative research on private credit transaction data and develop liquidity premium risk and return models.
• Build and maintain structured product models spanning public and private securities (e.g., ABF, CLOs, rated funds, RMBS, CMBS).
• Research: stay abreast of the latest developments and trends in the fixed income market and incorporate them into the models as appropriate.
• Collaboration: work with the actuarial and accounting teams to ensure that the models comply with the regulatory requirements and standards of the insurance industry.

What You Will Have

• Bachelor's degree
• CFA or FSA preferred
• 7+ years of experience in investments analytics, portfolio management, or other investments function
• Strong analytical capabilities
• Knowledge of fixed income models as they relate to analytics and cashflows
• Highly proficient in SQL, R, Python, or other programming languages
• Knowledge of Bloomberg and advanced Excel skills is required
• Proficiency using leading software vendors for financial data and fixed income modeling, including Bloomberg, Factset, Aladdin, Intex, Trepp, and others
• Experience working at a (re)insurer is a plus
• Prior experience with private credit, structured credit, esoteric asset classes, and whole loans is a plus
• Proven expertise in building processes to clean, validate, and analyze large data sets
• Very strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes
• Presence and credibility to present effectively to key senior management
• Ability to direct and lead other members of the team
• Ability to work across functional groups to bring teams together and accomplish project goals and objectives

Base Salary and Benefits

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: $165,000 USD - $200,000 USD

Equal Opportunity

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, military and veteran status, diversity of thought and any other characteristic protected by applicable law.

Recruiting Agencies

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.

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