Vice President, Modeling

Summary

Join Fortitude Re, a leading provider of legacy reinsurance solutions, as a key member of the actuarial modeling team. You will play a crucial role in developing, testing, and validating models for statutory, GAAP, and hedging purposes. Responsibilities include standing up models for newly acquired businesses, maintaining production models, and partnering with various teams to produce necessary analyses. The ideal candidate will possess significant experience in actuarial modeling software, a strong understanding of various insurance products, and excellent project management and communication skills. This position offers the opportunity to contribute to the evaluation of future acquisitions and implement process improvements. The role requires a strong background in actuarial science and significant experience in the life insurance or annuity industry. Fortitude Re offers a competitive salary and a generous benefits package.

Requirements

• Undergraduate degree is required, preferably in actuarial science, mathematics, statistics, or related fields
• 7+ years of progressively more responsible actuarial experience with Life Insurance, Annuity products or ALM equivalent environment
• Fellow of Society of Actuaries (FSA) with 3+ years of experience post FSA, Associate of the Society of Actuaries (ASA) with 7+ years of experience post ASA, or 10+ years of relevant experience
• Equivalent international designation will be considered in lieu of FSA or ASA
• Significant working experience with actuarial modeling software (e.g., AXIS)
• Good analytical skills and ability to adopt a creative approach to solving complex process problems
• Strong project management and communication skills
• High degree of proficiency in Excel, PowerPoint and Word applications as well as experience with database and programming language
• Ability to work with Business Intelligence (BI) tools

Responsibilities

• Play a key role in model development, model testing and validation, and production for statutory, GAAP, and hedging
• Execute project plans for modeling operation readiness for new business
• Execute timely model development with appropriate testing and validation
• Define and set up ongoing production processes
• Execute timely ongoing production processes and deliverables to stakeholders
• Execute controls and governance processes
• Lead and review model governance activities to ensure accuracy and compliance with model risk standards
• Review and communicate results of quarterly model roll forward for US GAAP, US STAT, US Tax and Bermuda Economic Balance Sheet bases
• Implement process improvement and automation for quarterly reporting
• Develop new functionality to support profitability analysis and financial planning
• Support senior management on any ad-hoc requests such as assumption development, due diligence, future acquisitions, etc

Preferred Qualifications

Hedging experience is a plus

Benefits

• Annual bonus based on company and individual performance
• Generous benefits package