Hybrid AVP, US Statutory Financial Reporting en Fortitude Re
Fortitude Re · Nashville, Estados Unidos De América · Hybrid
- Senior
- Oficina en Nashville
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.
Reporting to the Head of Financial Reporting, the Assistant Vice President, U.S. Statutory Financial Reporting will lead the preparation, analysis, and oversight of US statutory financial reporting for US-domiciled insurance entities. The role is primarily responsible for managing NAIC reporting requirements, including quarterly and annual filings, and maintaining strong regulatory compliance. This individual will manage workflows and deliverables across the team including off-shore staff, manage audit coordination, and drive continuous improvement in statutory reporting processes. This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
- Oversee the preparation, review, and timely filing of NAIC statutory financial statements, including the quarterly and annual statements (Bluebooks, Yellowbooks and Greenbooks), audited financial statements, state supplements, and other regulatory reports for multiple US insurance entities and non-US insurance entities which require NAIC reporting for taxation purposes.
- Work cross-functionally and collaboratively with finance, investments, capital management and actuarial teams for data needs to complete the financial statement disclosures and regulatory filings.
- Prepares and reviews complex standard and non-standard reporting analyses of the statutory basis results to understand financial results and explain U.S. GAAP to U.S. statutory reporting basis differences.
- In partnership with accounting policy, research new accounting policies and assist in ensuring effective reporting implementation. Monitor and evaluate changes to US Statutory Accounting Principles and NAIC guidance; provide impact analysis and lead implementation efforts across entities.
- Drive process improvements and standardization efforts across the statutory reporting function, leveraging automation and system enhancements where applicable.
- Ensure strong internal controls over statutory financial reporting and maintain documentation supporting regulatory compliance in conjunction with the Model Audit Rule (MAR) standard.
- Provide support surrounding future growth and play a key role in onboarding new business.
- Mentor and develop a team of off-shore staff, promoting technical excellence and operational efficiency within the team.
- Serve as a key point of contact for regulators, external auditors, and internal stakeholders during audits, examinations, and filings.
What You Will Have:
- Undergraduate degree in accounting or finance required.
- Recognized professional accounting designation (CPA or equivalent)
- 6-8 years of experience in insurance industry financial reporting, with a strong focus on US statutory (NAIC) reporting within the life and annuity sector gained by either working in or supporting the reinsurance industry or public accounting.
- Strong knowledge of US Statutory Accounting Principles (SAP) and NAIC statutory financial statement requirements.
- Direct experience managing financial reporting, statutory close cycles, financial controls, and financial statement audits.
- Strong analytical and critical thinking skills required to evaluate financial results, support regulatory filings, and provide insights that inform business and compliance decisions.
- Strong organizational and project management skills, with proven ability to lead complex processes and meet critical deadlines.
- Ability to coordinate cross-functional workflows and support internal teams while managing the output and alignment of off-shore staff to meet project goals.
- Proficiency in financial systems and reporting tools (e.g., Sovos/Wings, Workiva, SAP, or similar).
#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.
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