Senior Associate, Capital Forecasting - Finance
Fortitude Re · Jersey City, NJ · 3 wk ago
HybridFinance$111/hrFull-time
About the role
The Senior Associate, Capital Forecasting – Finance will join the Capital Management Forecasting Team (CMFT) at Fortitude Reinsurance Company Ltd., a leading provider of legacy reinsurance solutions. This role supports the company's strategic decision-making through the delivery of consolidated forecasts across various financial metrics.
Responsibilities
- Execute assigned components of the quarterly financial-based production process.
- Support the development and maintenance of US GAAP-based projections, performing reconciliations to ensure consistency with the enterprise financial reporting framework.
- Prepare period-over-period variance analyses for assigned financial forecast outputs, identifying and documenting key drivers for review by senior team members.
- Perform trend analysis to validate forecasted reporting items against actual results, focusing on US GAAP and management basis outputs.
- Gather and incorporate current business developments and management assumptions into forecast models, ensuring input reflects the latest available information.
- Execute controls as designed to ensure the accuracy and auditability of all projection outputs.
- Maintain supplementary processes and analytical tools to extend the enterprise forecasting model's coverage.
- Contribute to automation and model architecture improvement initiatives to reduce manual processes and improve scalability across forecasting outputs.
- Support the preparation of senior management and board-level reporting materials, including capital forecast summaries and variance commentary for management committees.
Requirements
- Undergraduate degree required with finance, accounting, actuarial science, or other quantitative fields preferred.
- 5+ years of experience in financial reporting, FP&A, or a related field within the insurance/reinsurance industry.
- CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress also valued.
- Basic working knowledge of US GAAP accounting principles; exposure to insurance financial reporting a plus.
- Financial modeling experience with comfort working with large data sets preferred.
- Strong analytical and quantitative skills with high attention to detail and a commitment to data accuracy.
- Able to manage multiple deliverables within structured financial reporting timelines.
- Effective written and oral communication skills, including the ability to present financial results clearly to internal stakeholders.
Qualifications
- Undergraduate degree required with finance, accounting, actuarial science, or other quantitative fields preferred.
- 5+ years of experience in financial reporting, FP&A, or a related field within the insurance/reinsurance industry.
- CPA, CFA, or equivalent accounting designation preferred; actuarial exam progress also valued.
- Basic working knowledge of US GAAP accounting principles; exposure to insurance financial reporting a plus.
- Financial modeling experience with comfort working with large data sets preferred.
- Strong analytical and quantitative skills with high attention to detail and a commitment to data accuracy.
- Able to manage multiple deliverables within structured financial reporting timelines.
- Effective written and oral communication skills, including the ability to present financial results clearly to internal stakeholders.
Skills
- US GAAP accounting principles
- Financial modeling
- Data analysis
- Forecasting
- Communication skills
Benefits
- Comprehensive benefits package
- Annual bonus based on company and individual performance
Pay
- Base salary range: $125,000 USD - $150,000 USD
Schedule
- Full-time position