Remote VP, Life & Annuity Risk & ALM Modeling

Socotra, Inc.; Jersey City (NJ); Remote; USD 190,000 - 280,000; Full time

Job summary

Fortitude Reinsurance Company Ltd. (Fortitude Re) seeks a VP, Life & Annuity Risk to join its independent Enterprise Risk Management team. You will oversee risk across life, annuity, and model risk management, shaping the company’s risk framework for large blocks of new business.

The role reports to the L&A Risk Officer, with potential move to the Model Risk Officer. Remote work with at least 30% travel to Nashville, TN and Jersey City, NJ offices.

Qualifications

• 10+ years of related experience with long-term insurance liabilities.
• Strong Life & Annuity and financial modeling experience; ideally a credentialed actuary.
• Deep knowledge of life and annuity insurance/reinsurance, ALM, and capital frameworks.
• Working knowledge of the Bermuda EBS reserve and capital framework.
• Strong understanding of market, credit, and insurance risks affecting long-term liabilities.
• Strong analytical skills with the ability to independently hold and defend a risk position.
• Experience using economic capital models for business decisions and solvency monitoring.

Responsibilities

• Risk Oversight & Business Support: Contribute to a robust risk management program that integrates with business partners to provide pragmatic oversight, challenge, and review.
• Model Risk Management: Oversee and manage ERM support for all ALM-related models to ensure proper usage and consistency across models.
• People Management: Manage an actuarial student and any other direct team members; align resources for model reviews.

Skills

Analytical skills

Risk management

Stakeholder management

Leadership

People management

Education

Actuarial credential (ASA/FSA)

Tools

Excel

PowerPoint

AXIS

SLOPE

Prophet

Julia

Python

C++

Job description

Fortitude Reinsurance Company Ltd. (Fortitude Re) seeks a VP, Life & Annuity Risk to join its independent Enterprise Risk Management team. You will oversee risk across life, annuity, and model risk management, shaping the company’s risk framework for large blocks of new business.

The role reports to the L&A Risk Officer, with potential move to the Model Risk Officer. Remote work with at least 30% travel to Nashville, TN and Jersey City, NJ offices.