Senior Associate, Capital Forecasting
- Finance Fortitude Re
- 3.0 Jersey City, NJ Job Details $125,000
- $150,000 a year 1 day ago Qualifications Bachelor's degree Insurance (Financial sectors) Full 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 here for more information about Fortitude Re. The Senior Associate, Capital Forecasting
- Finance will be a member of the Capital Management Forecasting Team (CMFT), Fortitude Re's centralized forecasting function delivering consolidated forecasts across management earnings and valuation, regulatory and rating agency, and debt covenant bases to support the company's strategic decision-making.
This position reports to the VP, Capital Forecasting Finance Manager and contributes directly to forecasting financial based metrics and integration of results into enterprise applications. CMFT partners closely with Actuarial Modeling, Investments, Treasury, and Finance, and delivers results to a broad range of internal and external stakeholders.
What You Will Do:
Execute assigned components of the quarterly financial-based production process. Support the development and maintenance of US GAAP-based projections, performing reconciliations to ensure consistency between forecast outputs and the enterprise financial reporting framework. Prepare period-over-period variance analyses for assigned financial forecast outputs, identifying and documenting key drivers for review by senior team members. Perform trend analysis to validate that forecasted reporting items are consistent with, or clearly explainable relative to, actual reported results, with particular focus on US GAAP and management basis outputs. Gather and incorporate current business developments and management assumptions into forecast models as directed, ensuring input reflects the latest available information. Execute controls as designed to ensure the accuracy and auditability of all projection outputs. Maintain supplementary processes and analytical tools to extend the enterprise forecasting model's coverage. Contribute to automation and model architecture improvement initiatives to reduce manual processes and improve scalability across forecasting outputs. Support the preparation of senior management and board-level reporting materials, including capital forecast summaries and variance commentary for management committees.
What You Will Have:
Undergraduate degree required with finance, accounting, actuarial science and other quantitative fields preferred. 5+ years of experience in financial reporting, FP&A or a related field within the insurance/reinsurance industry. CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress also valued. Basic working knowledge of US GAAP accounting principles; exposure to insurance financial reporting a plus. Financial modeling experience with comfort working with large data sets preferred. Strong analytical and quantitative skills with high attention to detail and a commitment to data accuracy. Ability to manage multiple deliverables within structured financial reporting timelines. Effective written and oral communication skills, including the ability to present financial results clearly to internal stakeholders. #LI-Hybrid 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. Check us out on
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