Senior Associate, Modeling

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.
• What You Will Have:
• 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.
• #LI-Hybrid
• Base Salary Range
• $120,000 - $150,000 USD
• To all recruitment agencies :

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. The 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.

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