Senior Associate, Modeling

fortitudegroupholdingsllc; Nashville (TN); Hybrid; USD 120,000 - 150,000; Full time

Benefits offered by this job

Annual bonus based on performance

Generous benefits package

Job summary

Fortitude Group Holdings LLC is seeking a Sr. Associate, Modeling in Nashville, TN. The role involves maintaining and enhancing production models and partnering with cross-functional teams to deliver necessary analyses. Candidates should have strong analytical skills and solid experience in actuarial modeling.

The base salary ranges from $120,000 to $150,000 USD, plus an annual bonus and benefits. Applicants should possess an FSA or ASA designation along with relevant insurance experience.

Qualifications

• 3+ years of experience post ASA required.
• EBS or Solvency II experience preferred.
• Ability to manage multiple work assignments and meet time commitments.

Responsibilities

• Support ongoing efforts in model development and validation.
• Collaborate with cross-functional teams for report preparation.
• Execute controls and governance processes.

Skills

Proficiency in Python

Experience with database applications

Strong analytical skills

Oral and written communication skills

Education

Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)

4+ years of insurance experience

Tools

AXIS or similar actuarial software

Business intelligence tools

Job description

Sr. Associate, Modeling will be a member of the Fortitude actuarial modeling team, which serves the company by providing projections to support financial reporting and projection requirements covering US GAAP and Statutory, Bermuda Economic Balance Sheet, hedging and budget/plan. The primary responsibility of the position will be maintaining and enhancing production models for Fortitude’s Inforce block and standing up models for newly acquired business. This role will partner with risk, investments, assumptions, capital management, financial reporting and controllership teams at Fortitude to produce analysis required to manage the business.

This role will be based in our Nashville, TN office on a hybrid basis.

Responsibilities

• Support ongoing efforts in model development, model testing and validation, and production for statutory, GAAP, Bermuda and hedging requirements.


• Execute timely model development with appropriate testing and validation.


• Conduct peer reviews.


• Execute timely ongoing production processes and deliverables to stakeholders.


• Collaborate with cross-functional teams and participate in support efforts for preparation of reports and documentation for regulatory filings, audits, and internal reviews.


• Execute controls and governance processes.


• Analyze applicable data and trends.


• Support and occasionally lead process improvement and automation initiatives.


• Support senior management on any ad-hoc requests such as assumption development, due diligence, future acquisitions, etc.

Qualifications

• Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) with 3+ years of experience post ASA required. International equivalent actuarial designation will be accepted.


• 4+ years of insurance experience related to modeling, pricing, valuation, or risk management required, with EBS or Solvency II experience preferred.


• Proficiency in Python, or similar programming languages (i.e. Julia).


• Experience with database applications and business intelligence tools.


• Experience with AXIS or similar actuarial projection or valuation software.


• Strong analytical skills and ability to adopt a creative approach to solving complex process problems.


• Ability to manage multiple work assignments and meet time commitments.


• Strong oral and written communication skills.

Salary and Benefits

Base Salary Range: $120,000 – $150,000 USD. 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.

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.