VP, Actuarial Applications

Fortitude Group · Nashville, TN

Company

Fortitude Group

Location

Nashville, TN

Type

Full Time

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.Ā Ā Ā ClickĀ hereĀ for moreĀ information about Fortitude Re.

The VP, Actuarial Applications will lead a team of technologists and be responsible for data and applications for use within capital, hedging and actuarial models. This primary IT role is frequently engaged with our consumer (Life & Annuities) and commercial (P&C) Actuarial business partners to understand their needs and then lead IT efforts to build technology solutions to address these needs. Reporting to the VP, IT Data, this role can be based in our Brentwood, TN office (preferred) or our Jersey City, NJ office.

What You Will Do:

  • Lead a team of developers to work on strategic and tactical initiatives related to actuarial modeling within pricing, valuation, data analytics, and applications development

  • Build a strong relationship with key business stakeholders within the Actuarial teams

  • Operate in an agile development environment while applying DevOps principles

  • Build a support model that leverages onshore and offshore resources.

  • Develop capability-based roadmaps

  • Understand current state data pipelines/processes; seek, propose and lead future state optimization

  • Ingest and analyze new/existing data sets and implement end-to-end processing

  • Design data processing (ETL/ELT) pipelines and data approval workflows

  • Engage with data providers to coordinate secure data transfers

  • Provide long term technology solutions to financial modeling using modern data engineering, data visualization, data science, and machine learning

  • Evaluate actuarial SaaS solutions from a technology lens in partnership with the Actuarial team

What You Will Have:

  • Bachelor's degree in Math, Computer Science, Engineering, or similar field

  • Minimum experience of ten years in a growing IT role, with at least five years in programming (Python, Julia and/or R) and SQL

  • Experience with actuarial modeling systems (GGY Axis, Slope, etc.)

  • Domain knowledge in Life & Annuities and P&C insurance

  • Experience in building cloud-based data solutions in AWS

  • Robust knowledge of data lakes, data governance and modern data quality techniques

  • Prior knowledge and experience in the fintech, investment banking or insurance industry

  • Team leadership and people management

  • Excellent analytical, problem solving and conceptual skills

  • Strong verbal and written communication skills

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. Ā 

Base Salary Range

$210,000—$255,000 USD



What We Offer:
Ā 
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 timeĀ 
  • 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.Ā 

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.Ā 

To all recruitment agencies:Ā  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.Ā  Fortitude Re is not responsible for any fees related to unsolicited resumes.

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.Ā 


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Date Posted

03/07/2024

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