Remote opportunity at
Fortitude ReAssistant Vice President, Investment Accounting
Fortitude Reinsurance Company Ltd. operates as a prominent provider of legacy reinsurance solutions, partnering with major insurance firms to manage complex general accounts across life, annuity,…
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About This Role
Fortitude Reinsurance Company Ltd. operates as a prominent provider of legacy reinsurance solutions, partnering with major insurance firms to manage complex general accounts across life, annuity, and property and casualty lines. The organization is backed by prominent institutional investors, including The Carlyle Group and T&D Insurance Group, and draws upon leadership with decades of industry experience. The firm is currently hiring an Assistant Vice President, Investment Accounting Manager to oversee…
Job Description
Fortitude Reinsurance Company Ltd. operates as a prominent provider of legacy reinsurance solutions, partnering with major insurance firms to manage complex general accounts across life, annuity, and property and casualty lines. The organization is backed by prominent institutional investors, including The Carlyle Group and T&D Insurance Group, and draws upon leadership with decades of industry experience. The firm is currently hiring an Assistant Vice President, Investment Accounting Manager to oversee daily investment accounting operations, reporting platforms, and financial closes.
This professional will direct the month-end and quarter-end close cycles for a diverse investment portfolio under multiple regulatory and financial frameworks. Responsibilities involve analyzing investment performance, managing general ledger activities, supporting internal controls under Sarbanes Oxley and the NAIC Model Audit Rule, and collaborating closely with capital teams and senior leadership. The selected candidate will also lead and mentor a high-performing team of accounting professionals, build automated reporting workflows, and guide the integration of newly acquired investment portfolios.
The position is structured as a remote role with a base salary range of USD 145,000 to 165,000 per year, supplemented by an annual performance-based bonus and standard employee benefits. This role suits financial professionals possessing extensive insurance investment expertise, public company Sarbanes Oxley compliance experience, and a proven leadership background who wish to contribute to a growing global reinsurance enterprise.
Responsibilities
- Manage daily investment accounting operations and reporting platforms for monthly and quarterly closes across multiple accounting frameworks including GAAP, US STAT, Bermuda STAT, and Management Reporting.
- Analyze net investment income, realized gains and losses, yields, and asset balances while providing vital reporting support to capital teams.
- Oversee internal controls for the investment accounting environment in compliance with Sarbanes Oxley and the NAIC Model Audit Rule.
- Review general ledger activity, reconciliations, audit support materials, and ad hoc projects associated with newly acquired business blocks.
- Onboard and integrate new investment portfolios onto the company platform and construct associated reporting and control processes.
- Compile quarterly and annual financial statements, footnotes, Management's Discussion and Analysis, statutory investment exhibits, debt covenants, and committee reports.
- Perform investment yield analyses, establish performance metrics, and assist with quarterly earnings reports and rating agency submissions.
- Automate manual accounting processes and build interactive reporting tools within the Clearwater platform for enhanced efficiency.
- Facilitate external audits, testing procedures, and the completion of audit work papers.
- Assess the impact of emerging FASB and NAIC accounting guidelines to guide strategic business decisions and compliance oversight.
- Partner with front-office investment teams and asset managers to define reporting protocols for new transactions or policy updates.
- Build, lead, and mentor a high-performing team of investment accounting professionals.
Requirements
- Minimum 7 years of overall accounting experience.
- At least 3 years of investment accounting experience within an insurance or reinsurance environment, with a Big 4 background.
- Demonstrated experience with investment reporting and public company Sarbanes Oxley controls.
- Proven proficiency in applying U.S. GAAP and STAT investment accounting principles.
- Strong proficiency in Microsoft Office products, particularly Microsoft Excel.
Qualifications
- Bachelor's or Graduate degree in Accounting or Finance.
- CPA or equivalent accounting certification.
- Experience with Life, Annuities, and Property Casualty lines of business.
- Familiarity with the Clearwater investment accounting platform.
Core Skills
Benefits
- Annual bonus based on company and individual performance
- Comprehensive employee benefits package
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What is the remote work policy for this position?
The source posting explicitly designates this position as a remote role.
What is the salary range for the Assistant Vice President role?
The base salary range spans from USD 145,000 to 165,000 per year, determined by candidate experience and location-based cost of labor.
Are there additional compensation elements beyond base pay?
Yes, all employees are eligible for an annual bonus tied to individual and company performance, along with a comprehensive benefits package.
What professional background is required to apply?
Applicants must hold a degree in Accounting or Finance, possess a CPA or equivalent certification, and bring at least seven years of general accounting experience including three or more years in insurance investment accounting with a Big 4 background.
Sample Interview Questions
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