AVP, New Business Evaluation & Integration

Responsibilities

• Draft internal memos and presentations summarizing the above to assist in transaction approval at the ExCo or Board.
• Upon announcement of a transaction, support the integration of the new block or company into the treasury and finance department, including recommendation for new staffing and system needs.
• Support in the evaluation of structured solutions from banking partners to include capital and liquidity optimization.
• Support any structured solutions through the internal approval process and integrate into treasury and finance areas.
• As a member of the treasury team, assist in the execution of treasury transactions to include FX hedging, Interest rate hedging, deal contingent hedging, secured and unsecured borrowings, collateral funding, and daily wire flow.
• Evaluate collateral requirements and collateral sources to determine cheapest to deliver in support of outstanding requirements, potentially in conjunction with structured banking solutions.
• Maintain, update and standardize treasury related documentation in support of new business evaluation and integration.
• Support third‑party capital initiatives by assessing capital and collateral adequacy, reviewing settlement processes, bank account set-up and governance, and evaluating lending facilities.
• What You Will Have:
• Bachelor's degree in Finance, Accounting, Business or related field.
• 7+ years of insurance, accounting, corporate finance, investments or related experience with leadership experience.
• CFA, CTP, CPA or similar designation is desirable.
• Direct experience in reinsurance transactions of Life and Annuity and/or Property and Casualty blocks of business a plus.
• Direct experience in capital markets, bank account and trust structures a plus.
• Experience in treasury management systems preferred.
• Be detail oriented and highly organized.
• Possess strong verbal / written communication and analytical skills.
• Highly motivated and results-oriented.
• Proven ability to work independently and handle multiple complex tasks in a fast-paced environment.
• Excellent attention to detail.
• Base Salary Range
• $125,000 - $150,000 USD

Benefits

Additional Information

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. Reporting into the VP, Treasury M&A and Trading, the successful applicant will be responsible for assisting the treasury group evaluation and integration of new business reinsurance and company acquisitions transactions for both Life and Annuity and Property Casualty business lines. This role will also assist with ongoing trading in support of hedging, borrowing, and collateral management. This individual will be an integral member of the Treasury and Finance teams.

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