Senior Associate, Modeling

About the role

The Sr. Associate, Modeling will be a member of the Fortitude actuarial modeling team, which serves the company by providing projections to support financial reporting and projection requirements covering US GAAP and Statutory, Bermuda Economic Balance Sheet, hedging and budget/plan. The primary responsibility of the position will be maintaining and enhancing production models for Fortitude’s Inforce block and standing up models for newly acquired business. This role will partner with risk, investments, assumptions, capital management, financial reporting and controllership teams at Fortitude to produce analysis required to manage the business.

Responsibilities

• Support ongoing efforts in model development, model testing and validation, and production for statutory, GAAP, Bermuda and hedging requirements.
• Execute timely model development with appropriate testing and validation.
• Conduct peer reviews.
• Execute timely ongoing production processes and deliverables to stakeholders.
• Collaborate with cross-functional teams and participate in support efforts for preparation of reports and documentation for regulatory filings, audits, and internal reviews.
• Execute controls and governance processes.
• Analyze applicable data and trends.
• Support and occasionally lead process improvement and automation initiatives.
• Support senior management on any ad-hoc requests such as assumption development, due diligence, future acquisitions, etc.

Requirements

• Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) with 3+ years of experience post ASA required. International equivalent actuarial designation will be accepted.
• 4+ years of insurance experience related to modeling, pricing, valuation, or risk management required, with EBS or Solvency II experience preferred.
• Proficiency in Python, or similar programming languages (i.e. Julia).
• Experience with database applications and business intelligence tools.
• Experience with AXIS or similar actuarial projection or valuation software.
• Strong analytical skills and ability to adopt a creative approach to solving complex process problems.
• Able to manage multiple work assignments and meet time commitments.
• Strong oral and written communication skills.

Qualifications

• Master's degree in Actuarial Science or related field.
• Knowledge of insurance industry regulations and standards.
• Experience with financial modeling and forecasting.
• Experience with actuarial software and tools.

Skills

• Python programming language.
• Database applications and business intelligence tools.
• AXIS or similar actuarial projection or valuation software.
• Strong analytical and problem-solving skills.
• Excellent communication and collaboration skills.

Benefits

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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