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 Associate, Portfolio Management & ALM works closely with portfolio managers to help monitor performance and risk, preparing clear analysis and reports that support tactical decisions to improve returns while staying aligned with liability objectives.
What You Will Do:
- Assist in the daily oversight of existing asset portfolios, tracking positions against cedant guidelines and internal risk limits.
- Participate in regular check‑ins with external asset managers to discuss market developments, portfolio performance, compliance, and tactical shifts across public and private fixed‑income markets.
- Compile and analyze data on key performance drivers versus targets, highlighting trends and recommending incremental improvements.
- Contribute to the development of investment recommendations by researching market conditions and ALM considerations.
- Help evaluate prospective investments, comparing their relative value to alternative opportunities.
- Support the onboarding and documentation of new investment mandates.
- Collaborate with Actuarial, Risk, Capital, Finance, and Treasury teams on pricing, due‑diligence projects, and other firm‑wide initiatives.
- Foster positive working relationships across functional teams.
What You Will Have:
- Bachelor’s degree in Finance, Economics, Mathematics, or a related field; progress toward an advanced degree, CFA charter, or actuarial/risk credential is a plus.
- 2-4 years of experience in insurance asset management, fixed‑income portfolio management, or other liability‑driven investment roles.
- Familiarity with fixed-income markets across public and private sectors, ALM principles, and portfolio performance measurement is viewed favorably.
- Proficiency with MS Office for analysis and reporting; familiarity with Python or SQL is advantageous.
- Ability to demonstrate ownership over responsibilities and ability to collaborate across various teams.
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.
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.
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