VP, Capital Management Strategic Projects

The VP, Capital Management Strategic Projects Manager will be a member of the Fortitude Re capital management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and market expansion needs of Fortitude Re. The primary responsibility of the position will be to lead a team of professionals to focus on strategic initiatives across all capital management and reporting functions. The position is expected to work closely with departments across the organization including actuarial, finance, investments, and pricing teams. The position reports to the MD, Capital Management & Appointed Actuary FRL & FIRL.

What You Will Do:

• Serve as capital management lead for companywide capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives
• Implement management reporting capabilities and consistencies across regulatory and rating agency models
• Support Bermuda regulatory initiatives including establishing production processes for Group Supervision, evaluating, and implementing changes to the regulatory regime, and leading internal capital model development
• Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting
• Lead onboarding efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting.
• Serve as transformation lead within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies
• Lead model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function
• Manage a small team of actuaries

• →15+ years of insurance experience, with focus on valuation, modeling or capital management preferred
• →Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR)
• →Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields
• →Fellowship of the Society of Actuaries or equivalent designation
• →Experience with financial analysis of income statement, balance sheet and capital projections
• →Experience with actuarial projection or valuation software, database applications, business intelligence tools
• →Proven leadership and team management skills, with the ability to motivate and develop team members
• →Strong analytical skills and ability to adopt a creative approach to solving complex process problems
• →Ability to manage multiple work assignments and meet time commitments
• →Strong oral and written communication skills
• →Ability to travel minimally (0-10%)

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