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AVP, New Business Evaluation & Integration

United States·Nashvillemid

OtherBusiness

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Quick Summary

Key Responsibilities

Act as Treasury representative on the new business due diligence team, monitor deal pipeline, evaluate transactions for treasury touch points to include capital and liquidity use,

Technical Tools

OtherBusiness

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.

Responsibilities

~3 min read

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Act as Treasury representative on the new business due diligence team, monitor deal pipeline, evaluate transactions for treasury touch points to include capital and liquidity use, bank account structures, trust needs, LOCs, debt assumed or terminated, hedging programs, collateral funding requirements and other.
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Draft internal memos and presentations summarizing the above to assist in transaction approval at the ExCo or Board.
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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.
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Support in the evaluation of structured solutions from banking partners to include capital and liquidity optimization.
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Support any structured solutions through the internal approval process and integrate into treasury and finance areas.
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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.
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Evaluate collateral requirements and collateral sources to determine cheapest to deliver in support of outstanding requirements, potentially in conjunction with structured banking solutions.
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Maintain, update and standardize treasury related documentation in support of new business evaluation and integration.
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Support third‑party capital initiatives by assessing capital and collateral adequacy, reviewing settlement processes, bank account set-up and governance, and evaluating lending facilities.

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Bachelor’s degree in Finance, Accounting, Business or related field.
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7+ years of insurance, accounting, corporate finance, investments or related experience with leadership experience.
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CFA, CTP, CPA or similar designation is desirable.
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Direct experience in reinsurance transactions of Life and Annuity and/or Property and Casualty blocks of business a plus.
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Direct experience in capital markets, bank account and trust structures a plus.
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Experience in treasury management systems preferred.
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Be detail oriented and highly organized.
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Possess strong verbal / written communication and analytical skills.
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Highly motivated and results-oriented.
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Proven ability to work independently and handle multiple complex tasks in a fast-paced environment.
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Excellent attention to detail.

The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. 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.

Base Salary Range

$125,000—$150,000 USD

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 YouTube: About Fortitude Re (youtube.com)

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes. For more on how we handle your personal data, please review our Applicant Privacy Notice.