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 $55 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.
Reporting to the AVP, Accounting Operations, the Senior Associate, Accounting Operations is responsible for financial transactions related to monthly accounting operations. The position will be part of a team that maintains the general ledger to ensure effectiveness and accuracy of all accounting transactions. This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
- Ensure all transactions are accurately recorded and processed in a timely manner.
- Address and resolve discrepancies or issues related to financial transactions.
- Maintain the general ledger, ensuring all financial transactions are recorded accurately and promptly.
- Assist in the preparation and posting of journal entries, including month-end and year-end closing entries.
- Conduct regular reviews and reconciliations of general ledger accounts to ensure accuracy and completeness.
- Perform detailed account reconciliations for various balance sheet accounts, including bank reconciliations. Assist the offshore team with any reconciliation related inquiries as they assist in the overall monthly and quarterly account reconciliations.
- Investigate and resolve discrepancies identified during reconciliations.
- Ensure reconciliations are completed in accordance with established timelines and procedures.
- Assist in the preparation of financial reports, including monthly, quarterly, and annual financial statements.
- Support the preparation of management reports and analysis to aid in decision-making.
- Ensure compliance with internal controls, accounting policies, and regulatory requirements.
- Identify opportunities for process improvements within accounting operations to enhance efficiency and accuracy.
- Assist in the implementation of new accounting systems, processes, and procedures.
- Collaborate with cross-functional teams to streamline workflows and improve operational effectiveness.
- Ensure adherence to internal controls and compliance with accounting standards and regulations.
- Assist in the preparation of documentation and schedules for internal and external audits.
- Support the implementation of audit recommendations and address any findings.
- Work closely with other members of the accounting team to ensure coordinated and efficient operations.
- Provide guidance and support to junior team members as needed.
- Participate in team meetings and contribute to the continuous improvement of accounting operations.
- Participate in special projects and initiatives as assigned by the Accounting Operations Manager or Director.
- Provide support for ad hoc financial analyses and reporting as required.
What You Will Have:
- University degree in Accounting or Finance.
- Internationally recognized accounting designation (CPA, CA) is preferred.
- A Minimum of 2 years of relevant post-qualification experience within re/insurance is preferred.
- Possess strategic and analytical problem-solving skills.
- Ability to work at a fast pace and/or handle shifting priorities.
- Be detail oriented and highly organized.
- Possess strong communication and analytical skills.
- Highly motivated and results-oriented.
- Proven ability to work independently.
- Very strong written, verbal, and interpersonal communications skills to clearly articulate sophisticated concepts, ideas, and processes.
What We Offer:
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: $87,000 — $105,000 USD
- Unlimited PTO policy
- Up to 12 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan - US Employees Only
- Paid parental leave
- Learning and Development Stipend
- Mental Health and Wellbeing support
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
- Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
- Actuarial Program Rotation for ADP employees
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
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.
