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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 Accounting is responsible for day-to-day ownership and oversight of investment data management, accounting, reporting & analytics including transaction processing, reconciliations, valuation governance, internal controls, and financial reporting across GAAP, STAT, Bermuda SFS, and EBS. The role serves as a senior technical leader and subject matter expert, ensuring investment accounting processes operate with accuracy, timeliness, and strong controls. The AVP, acts as a key escalation point for complex accounting and valuation issues, and provides clear, decision-useful analysis and reporting support to senior leadership. This role provides technical oversight, guidance and coordination to accounting staff and offshore resources, driving consistent execution and continuous improvement. This role reports to the VP, Investment Accounting.
What You Will Do:
Own day-to-day investment accounting and reporting processes across GAAP, STAT, Bermuda SFS, and EBS under the direction of the VP.
Ensure investment transactions (purchases, sales, maturities, paydowns, coupon payments, repos, securities lending) are processed completely, accurately, and on time.
Oversee daily and monthly reconciliations of positions, trades, and cash across accounting records and the general ledger.
Investigate and resolve income, position, and valuation variances with clear documentation and root-cause analysis.
Execute valuation governance activities, including fair value hierarchy reviews, stale price monitoring, pricing analysis, and override documentation.
Support valuation committee materials, analysis, and follow-ups.
Maintain strong SOX and internal control compliance for investment accounting and reporting processes.
Ensure documentation, controls, and evidence meet audit and regulatory expectations.
Contribute to monthly close package and help provide clear analysis and commentary on investment results by legal entity, accounting basis, and reinsurance deal.
Translate accounting outcomes into clear explanations for senior leadership, auditors, and regulators.
Support audit requests and ensure timely, accurate responses for investment portfolios.
Drive continuous improvement initiatives across investment accounting operations, including close efficiency, reconciliations, and reporting processes.
Leverage AI-enabled tools and advanced analytics to improve efficiency, accuracy, and scalability of investment accounting processes, including reconciliations, variance analysis, close activities, and reporting.
Provide technical guidance, informal mentorship and coaching to accounting professionals. Manage and direct offshore resources to ensure consistent execution.
Coordinate workflow across teams to support close timelines and reporting deadlines.
Foster a culture of accountability, quality, and continuous improvement aligned with Fortitude Re’s core values.
What You Will Have:
Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
8+ years of accounting experience with a focus on investments, including fixed income, derivatives, mortgage loans, alternatives and structured products.
Preferred (optional): Public accounting background or Big 4 experience with insurance/reinsurance or investment clients.
Deep knowledge of multi-basis reporting (GAAP, STAT, Bermuda SFS, EBS).
Demonstrated ability to ensure complete, accurate, and timely processing of large-scale investment portfolios.
Proven experience managing high-volume reconciliations across custodians, managers, and general ledger systems.
Demonstrated leadership in SOX/internal controls design and compliance for investment portfolios.
Strong communication skills with experience presenting to executives, committees, auditors and regulators.
Track record of automation and AI adoption to transform high-volume reporting processes.
Strong analytical and problem-solving skills with attention to detail.
Experience with Clearwater Analytics for investment portfolios; SAP and Palantir knowledge preferred.
Strong technical expertise in valuation governance, including fair value leveling, stale price analysis, and pricing overrides.
Ability to connect results across legal entities, accounting bases, and reinsurance deals to treaty economics and capital management.
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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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