Job Description
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 Senior Associate, Investment Strategy works closely with Corporate Development, Life & Annuity Pricing, Risk and the broader Investments team to develop investment strategies for new transactions and the in-force portfolio. This role plays a critical part in aligning firm strategy with evolving market dynamics, regulatory frameworks, and growing new business. The role will support portfolio construction, research and development, and asset-liability management across Fortitude's balance sheet. This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
Lead the development of Strategic Asset Allocations (SAA) by running and refining portfolio optimization models
Evaluate the performance of public and private asset classes, macroeconomic trends, and risk factors to inform asset-liability management (ALM) strategies for both new and existing portfolios
Conduct due diligence and underwriting of fixed income and alternative investment mandates managed by external asset managers
Collaborate cross-functionally with Actuarial Pricing, Corporate Development, and banking partners to assess new reinsurance opportunities and align investment strategies accordingly
Perform scenario and sensitivity analyses to evaluate market stress events, assess capital initiatives, and support risk and capital modeling, including cash flow testing and economic valuation
Work closely with internal teams such as Portfolio Management, Treasury, and Risk to ensure seamless execution of investment strategies
Design and enhance analytical tools to improve investment decision-making and optimize risk-adjusted relative value opportunities
Prepare and contribute to high-impact presentations and reports for internal and external stakeholders, including the Executive Committee and Board of Directors
Build and maintain strong cross-functional relationships across the firm to support strategic alignment and execution
What You Will Have:
Bachelor's degree in a quantitative or financial discipline
Master's degree in a quantitative or financial discipline, and/or CFA is preferred
Strong analytical capabilities
Excellent documentation habits, oral and written communication, and presentations skills including the ability to distill complex ideas into simple explanations
Knowledge of financial markets, investment products, fixed income valuations
Knowledge of ALM, insurance products, and financial modeling experience
Knowledge of Bloomberg and advanced Excel skills is preferred. Familiarity with Python, R, Matlab, SQL is a plus
Prior experience working within an insurance or reinsurance general account a plus
#LI-Hybrid
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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