Fortitude Re

Bermuda’s largest multi-line reinsurance company

AVP, Settlements & Reserves

Vice PresidentVice PresidentFull TimeRemoteTeam 201-500H1B No SponsorCompany SiteLinkedIn

Location

New Jersey + 1 moreAll locations: New Jersey, Tennessee

Posted

25 days ago

Salary

$130K - $150K / year

Bachelor Degree7 yrs expEnglishERP

Job Description

• Oversee core record-to-report activities, including monthly journal entries, accruals, and reconciliations for balances in scope across all reporting bases (incl. EBS) • Oversee the accounting and journal entries for reinsurance settlements in collaboration with Reinsurance Ops. • Partner with Reinsurance Ops to review and validate data inputs used for settlement and reserve accounting • Manage daily and month-end cash activity accounting; ensure completeness and alignment with settlements • Oversee the accounting and journal entries for reserves in collaboration with Actuarial, and others across all reporting bases (incl. EBS) • Manage the preparation of entries related to Sidecar transactions/balances and Modco payables ensuring timely and accurate financial reporting • Ensure completeness, policy alignment, and internal control execution across all reserve processes • Execute and document account reconciliations, including resolution of variances • Identify improvement opportunities related to ledger feed processing, reserve automation, and system integration • Contribute to quarterly close coordination and ledger integrity reviews • Coordinate with offshore team to monitor deliverables, resolve issues, and ensure reporting accuracy and timeliness • Identify and implement process improvements related to processes and support continuous improvement efforts through standardization, automation, and documentation • Assist in the preparation of supporting schedules for reporting including addressing audit requests • Collaborate with the analytics pillar to ensure ledger inputs align with analytic outputs • Coach and mentor senior associates and analysts within the team to build technical strength and process ownership

Job Requirements

  • Bachelor’s degree in Accounting, Finance, or a related field; CPA or CA designation preferred.
  • Minimum of 7 years of progressive accounting experience within the Life & Annuity (re)insurance industry
  • Strong working knowledge of US GAAP, US STAT, SFS, and EBS accounting principles and reporting requirements.
  • Demonstrated experience with legal entity accounting, intercompany transactions, reserves, reinsurance, expense accounting and/or financial analytics
  • Proven ability to execute and maintain internal controls, reconciliations, and ledger accuracy.
  • Hands-on experience in preparing or reviewing journal entries, and fluctuation analyses.
  • Prior exposure to audits (internal/external) and ability to respond to audit queries with clarity and documentation.
  • Strong Excel skills; experience with ERP and accounting systems such as SAP, Workday, and reporting platforms such as Coupa, Workiva, Power BI, or equivalent.
  • Excellent analytical, problem-solving, and written communication skills.
  • Ability to work under pressure, manage deadlines, and handle shifting priorities in a dynamic environment.
  • Proven ability to collaborate across departments including Actuarial, Reinsurance Ops., Treasury, FP&A, and external partners.
  • Demonstrated leadership capabilities with experience mentoring or managing staff and fostering a collaborative, results-driven culture.

Benefits

  • Annual bonus based on company and individual performance
  • Generous benefits package

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