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 AVP, Actuarial Applications will proactively engage with our actuarial teams on their critical business priorities, mentor/coach a small team of technologists and design/build solutions 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 help lead IT efforts to build technology solutions to address these needs. Reporting to the VP, IT Business Partner, this role can be based on a hybrid basis in our Nashville, TN office.
What You Will Do:
· Provide technology thought leadership and execution to deliver both strategic and tactical solutions related to actuarial modeling within pricing, valuation, data analytics, and applications development
· Build strong relationships with key business peers within the Actuarial teams
· Optimize process flows into actuarial modeling platforms for Life & Annuities (GGY-Axis, MG-Alpha) for Variable Annuities (Atlas), and for Property & Casualty (Milliman Arius)
· Operate in an agile development environment while applying DevOps principles
· Leverage an existing offshore resource support model
· Understand current state data pipelines/processes; build solutions for future state optimization
· Ingest and analyze new/existing data sets and implement end-to-end processing
· 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 seven 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
· Excellent analytical, problem solving and conceptual skills
#LI-Hybrid
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
