Senior Associate, Accounting Policy
Job Description
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. Click here for more information about Fortitude Re.
Reporting to the VP of Accounting Policy, the Senior Associate will assist the Accounting Policy team in providing technical accounting and financial reporting support related to the organization’s emerging accounting and financial reporting requirements, and the maintenance of the Company’s U.S. GAAP/SEC Regulations, Bermuda Regulatory, Non-GAAP Management Reporting and U.S. Statutory accounting policies and procedures. This role is based in our Bermuda office.
What You Will Do:
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Collaborate across the actuarial, tax and investment accounting functions to support the development of the Company’s U.S. GAAP/SEC Regulations, Bermuda Regulatory, Non-GAAP Management Reporting and U.S. Statutory Accounting Policies and Procedural Manuals.
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Assist in researching, assessing, and documenting the accounting implications for significant or unusual transactions, leveraging standard templates.
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Monitor developments and changes to reporting requirements; collaborate with team members to identify items that may impact the Company.
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Support the implementation of new pronouncements and/or amendments.
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Contribute to the documentation of financial processes and controls to promote compliance with the Company’s internal control program, with a specific focus on technical accounting matters.
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Assist in compliance and providing evidence of Accounting Policy’s internal control procedures.
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Attend meetings and provide input on accounting guidance impacting various teams.
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Review disclosure checklists responses to promote accuracy, completeness, and transparency of disclosures.
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As necessary, assist team members providing real-time advice regarding accounting policy implications to support the corporate development process, including but not limited to merger and acquisitions, and reinsurance transactions.
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Create and maintain documentation to assist in the effective tracking and managing of team responsibilities, priorities, and emerging accounting pronouncements.
What You Will Have:
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University degree in accounting or related field is preferred.
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Internationally recognized accounting designation (CPA or CA) required.
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Minimum of 3 years of experience, relevant insurance experience. Public accounting firm experience required.
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Ability to keep abreast of developments in all relevant reporting requirements.
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Strong written and communication skills.
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Detail oriented and highly organized.
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Possesses strong research and analytical skills.
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Ability to work independently and collaboratively.
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Ability to work at a fast pace and handle shifting priorities.
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Proficient in Microsoft Office applications, including Word and Excel.
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Ability to support our core values by communicating and teaming effectively across different management levels and styles within the organization.
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
$110,000—$125,000 USD
What We Offer:
We offer competitive benefits in a fast-paced, dynamic and nimble culture including:
- 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
- For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office
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.
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Date Posted
06/29/2024
Views
7
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