Associate, Investment Operations

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.

Position Summary

The Associate, Investment Operations plays a critical role in supporting the investment, portfolio management, and operations functions of a growing private credit platform. This individual will act as a key liaison between the investment teams, operations, fund administrators, investment accounting and external counterparties. The role requires strong analytical skills, attention to detail, and the ability to operate effectively in a fast-paced, transaction-driven environment.

What You Will Do:

Support Business Growth

• Support onboarding new reinsurance deals into the Investments Operational infrastructure by creating new portfolios, ensuring portfolio mapping is in place.

• Facilitate the onboarding new asset managers and their integration onto Fortitude-Re platform (e.g. funds, separately managed accounts, direct investments)

• Support onboarding of new funds, vehicles, and investment products by coordinating the completion of AML/KYC, subscription documents, investment management agreements and operational setups.

Investment Lifecycle Support

• Coordinate all processes for private credit investments including funded/unfunded commitments, delay-draw facilities CML, RML and structured notes and coordinate funding requirements across treasury and finance teams.

• Support post trade operations and settlement workflow by working closely with custodians, administrators and counterparties, proactively identifying and resolving issues and implementing process improvements

• Identify process gaps and assist with implementation of scalable solutions to support business growth.

Controls Process and Documentation

• Maintain standard procedures across multiple processes.

• Perform auditable control checks on key processes, e.g. portfolio creation, assets transfers and cash movements.

• Produce, maintain, and monitor KPI metrics, escalating identified issues.

• Identify process inefficiencies and support automation, system enhancements and expanded use of AI to drive operational effectiveness.

• Assist in development of automated reports and dashboards to facilitate the management of the investment portfolio and the sharing of information with key stakeholders.

Cross Functional Collaboration

• Track and coordinate capital calls and distributions with fund administrators and cash management teams.

• Monitor liquidity requirements for funds and separately managed accounts to ensure timely funding of transactions and expenses. .

• Address ad-hoc inquiries relating to data, investment activities, and reconciliation issues, etc.

What You Will Have:

• Bachelor's degree preferably in Finance, Accounting, Economics or a related field

• 2-5 years of investment, accounting, Middle Office and/or data analysis experience

• Strong working knowledge of Fixed Income securities and good understanding of private credit and alternatives instruments preferred.

• Familiarity with investment structures common in insurance and reinsurance structures is a plus.

• Inquisitive mindset with the ability to research issues and present clearly proposed remedial actions.

• Excellent communication and organizational skills with the ability to manage multiple priorities under tight deadlines.

• Ability to work collaboratively within a team and across departments.

• Detail-oriented mindset with a commitment to continued learning, accuracy and process efficiency.

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
$100,000—$130,000 USD

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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