Senior Vice President, Fixed Income Investments na Fortitude Re
Fortitude Re · Jersey City, Estados Unidos Da América · Onsite
- 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.
This role will be a senior member of Fortitude Re’s Investments team reporting to the Chief Investment Officer (CIO). The role is responsible for shaping and executing investment strategies that support reinsured liabilities and investable surplus. The position will lead the oversight of external managers across Fortitude Re’s $70 billion fixed income portfolio, evaluate and source new asset opportunities, and guide co-investment underwriting. In addition, the role will play a central part in assessing portfolio performance, managing risk exposures, and developing robust stress and scenario analysis frameworks. The position also contributes to the evaluation and due diligence of portfolios tied to potential reinsurance or M&A transactions, with regular engagement and reporting to executive management, the Board of Directors, the Investment Committee, regulators, and other stakeholders.
What You Will Do
- Lead the selection, oversight, and performance management of external managers across Fortitude Re’s $70B fixed income portfolio.
- Drive co-investment sourcing and underwriting in partnership with asset managers.
- Identify and evaluate new asset classes and manager relationships to enhance portfolio performance and diversification.
- Monitor and report on portfolio results, risk positioning, and investment activity to executive management, the Board, investors, and regulators.
- Develop and maintain performance benchmarks and frameworks to assess manager effectiveness.
- Oversee portfolio risk analysis, including sector/issuer concentrations, stress testing, and scenario modeling.
- Conduct investment due diligence on portfolios associated with reinsurance transactions and M&A opportunities.
- Lead and develop a team, providing guidance and feedback to ensure high-quality output.
What You Will Have
- 20+ years professional experience in insurance asset management, fixed income asset management and/or liability driven investing is highly desirable.
- Strong analytical capabilities and ability to analyze large amounts of complex data to draw conclusions is a must.
- Proven leadership capabilities, including the ability to manage, mentor, and develop high-performing teams.
- Strategic, self-starter able to deliver actionable work product when provided only with high-level goals.
- 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 build and maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel from junior staff to executive level.
- Bachelor’s degree in the fields of business, finance or economics or equivalent experience, MBA preferred.
- CFA preferred, but not required.
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)
