VP, Life Pricing Actuary Manager

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 Vice President, Life Pricing Actuary Manager is an experienced professional with demonstrated ability to price and manage a large pipeline of life and annuity reinsurance transactions.

What You Will Do:

• Project Support: Support various pricing projects by managing timelines, coordinating tasks, and ensuring deliverables are met.

• Process Improvement: Identify opportunities for process improvements in pricing activities and implement enhancements.

• Pricing Analysis Data Analysis: Oversee the collection and analysis of data to support pricing decisions.

• Pricing Models: Develop and maintain pricing models, ensuring they are accurate and up to date.

• Risk Assessment: Consider general as well as transaction specific risks in the pricing analyses.

• Team Management Team Supervision: Supervise and mentor Assistant Vice Presidents, Senior Associates and Associates, fostering a collaborative and high-performance environment.

• Talent Development: Assist in recruiting, training, and developing pricing team members, ensuring they have the necessary skills and knowledge.

• Collaboration and Communication Cross-functional Collaboration: Work closely with investments, strategic finance, tax, and other teams to ensure the pricing analysis aligns with Fortitude's overall business goals.

• Stakeholder Communication: Prepare and present the results of the pricing analyses to senior management and other key stakeholders.

• Client Interaction: Occasionally engage with cedants or other clients to explain pricing methodologies and address any concerns.

• Standards and Governance Pricing Standards: Provide support in developing and refining pricing standards.

• Governance: Assist with governance and ERM policies related to the pricing function.

• Innovation and Continuous Improvement Process Improvement: Assist the Senior Vice Presidents in identifying and implementing opportunities to improve pricing processes and models.

• Innovation: Support the Senior Vice Presidents in identifying innovative approaches to pricing and transaction structuring.

What You Will Have:

• Associate or Fellow of the Society of Actuaries or Institute of Actuaries.

• At least 7 years of pricing experience in/supporting the (re) insurance industry, with emphasis on life (re) insurance.

• Strong communication and interpersonal skills with the ability to work effectively with various stakeholders, including senior management, internal functional partners and counterparties.

• Organized, reliable, detail-orientated, and motivate to support teams in delivering timely results and quality work products.

• Mergers and acquisition experience preferred.

#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.

Base Salary Range
$270,000—$300,000 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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