Hybrid AVP, Investment Analytics na Fortitude Re
Fortitude Re · Jersey City, Estados Unidos Da América · Hybrid
- Senior
- Escritório em Jersey City
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, Investment Analytics is responsible for developing and maintaining modeling to support Fortitude Re’s investment plan, based on its strategic asset allocation, asset modeling, and ALM framework. This role plays an essential role in the pricing and due diligence of new business acquisitions and delivers analytics and critical assumptions to enable ALM, liability valuation, and regulatory reporting post-acquisition. Ensures the delivery of analytics and critical assumptions that enable ALM, liability valuation, and regulatory reporting post-acquisition, meet data quality standards.
What You Will Do:
- Develop, maintain and run various models, such as Factset, Aladdin, and other proprietary asset models.
- Develop analytics to monitor ALM strategy performance and risk and scale hedging/portfolio rebalancing workflow; standardize communication to Executive Committee, the Board of Directors, regulators, and other key stakeholders.
- Develop analytics to scale portfolio relative value and tactically asset allocation analysis.
- Develop analytics to support investment strategy, including standardizing and scaling new business pricing.
- Develop processes to standardize data feed into ALM analytics and validate data quality, coordinate discussion with data vendors, asset managers, and internal team.
- Develop model-driven investment processes for regular new business cash flows.
- Develop APIs to provide key ALM data to capital management, pricing, and in-force management teams.
- Deliver capabilities needed for portfolio managers to implement asset/liability management and asset allocation strategies on a daily basis.
- Ensure that the modeling processes are robust, efficient, and scalable, and that they adhere to the financial controls and best practices of the organization
- Perform quantitative research on private credit transaction data and develop liquidity premium risk and return models.
- Build and maintain structured product models spanning public and private securities (e.g., ABF, CLOs, rated funds, RMBS, CMBS).
- Research: Stay abreast of the latest developments and trends in the fixed income market and incorporate them into the models as appropriate.
- Collaboration: Work with the actuarial and accounting teams to ensure that the models comply with the regulatory requirements and standards of the insurance industry.
What You Will Have:
- Bachelor's degree
- CFA of FSA preferred
- 7+ years of experience in investments analytics, portfolio management, or other investments function
- Strong analytical capabilities.
- Knowledge of Fixed Income model as it relates to Analytics and Cashflows
- Highly proficient knowledge with SQL, R, Python, or other programming languages.
- Knowledge of Bloomberg and advanced Excel skills is required.
- Proficiency using leading software vendors for financial data and fixed income modeling, including Bloomberg, Factset, Aladdin, Intex, Trepp, and others.
- Experience working at a (re)insurer is a plus.
- Prior experience with private credit, structure credit, esoteric asset classes, and whole loans is a plus.
- Proven expertise in building processes to clean, validate, and analyze large data sets.
- Very strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
- Presence and credibility to present effectively to key senior management.
- Ability to direct and lead other members of the team
- Ability to work across functional groups to bring teams together and accomplish project goals and objectives.
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)