AVP, Investment Operations

Fortitude Re; Jersey City (NJ); On-site; USD 150,000 - 190,000; Full time

Benefits offered by this job

Annual bonus

Generous benefits package

Job summary

A leading reinsurance provider in Jersey City seeks an AVP, Investment Operations to support investment and portfolio management. The role requires strong analytical, organizational, and communication skills as you manage relationships with external managers and oversee investment processes. Ideal candidates should have a bachelor's degree in Finance or a related field and 7+ years of investment operations experience. The salary range is competitive, complemented by a bonus and benefits package.

Qualifications

• 7+ years of experience in investment operations, fund accounting, or asset management.
• Strong working knowledge of Fixed Income securities and private credit.
• Excellent organizational skills to manage multiple priorities.

Responsibilities

• Support onboarding of new reinsurance deals into the operational infrastructure.
• Oversee processes for private credit investments, including funding requirements.
• Own and enhance control processes and drive operational excellence.

Skills

Investment operations

Fund accounting

Analytical skills

Communication skills

Education

Bachelor's degree in Finance, Accounting, Economics, or related field

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.

Position Summary

AVP, Investment Operations plays a critical role in supporting the investment, portfolio management, and operations functions of a growing private credit platform. This individual will function as a key liaison between the investment teams, operations, fund administrators, investment accounting, and external counterparties. The role requires strong analytical skills, diligence, and the ability to operate effectively in a fast-paced, transaction-driven environment.

What You Will Do

Support Business Growth

• Support the onboarding of new reinsurance deals into the Investments Operational infrastructure, driving standardization and process improvements.
• Manage the onboarding of new asset managers and their integration onto Fortitude‑Re platform (e.g. funds, separately managed accounts, direct investments)
• Support onboarding and due diligence of new investment vehicles, managers and operational setups.
• Develop deep relationships with our external managers, custodians, and administrators serving as a key contact for proactively resolving operational issues.

Investment Lifecycle Support

• Oversee all processes for private credit investments including funded/unfunded commitments, delay-draw facilities CML, RML and structured notes and coordinate funding requirements across treasury and finance teams.
• Own post trade operations and settlement workflow by collaborating closely with custodians, administrators, and counterparties, proactively identifying and resolving issues and implementing process improvements.
• Coordinate capital calls and distributions with fund administrators and cash management teams. Monitor liquidity requirements for funds and separately managed accounts to ensure timely funding of transactions and expenses.
• Identify process gaps and implement scalable solutions to support business growth.

Controls Process and Documentation

• Review and maintain standard procedures across multiple functions.
• Oversee control processes and drive operational excellence.
• Own and enhance KPI framework and metrics to proactively identify issues and drive process and control improvements.
• Work closely with our Data team to leverage data architecture improvements.
• Lead and review the development of automated reports and dashboards to facilitate the management of the investment portfolio and the sharing of information with key stakeholders.

Cross Functional Collaboration

• Act as a trusted operational resource to investment professionals, providing guidance on structuring, operational feasibility, and execution considerations.
• Serve as the bridge between investment professionals, legal, treasury, accounting, and external administrators.
• Provide operational insights to support investment decision-making and portfolio construction.
• Address ad-hoc inquiries relating to data, investment activities, etc.
• Mentor junior analysts and contribute to team knowledge sharing and best practices.

What You Will Have

• Bachelor's degree preferably in Finance, Accounting, Economics, or a related field
• 7+ years of investment operations, fund accounting, Middle Office, and/or asset management processes
• Strong working knowledge of Fixed Income securities and Strong experience with private credit, private equity, real assets, or structured/illiquid
• Exposure to insurance or reinsurance investment portfolios, statutory reporting, or regulated asset managers strongly preferred.
• Excellent communication and organizational skills with the ability to manage multiple priorities under tight deadlines and highly collaborative work style.
• Strong analytical and critical thinking skills with the ability to exercise sound judgment.
• Highly organized, meticulous, and comfortable operating in a fast-paced, evolving environment.

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: $150,000 USD - $190,000 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.

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