AVP, Finance Business Partner - Corporate
Posted:
1/10/2025, 2:26:57 AM
Location(s):
Jersey City, New Jersey, United States ⋅ New Jersey, United States
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Business & Strategy
Workplace Type:
Hybrid
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 AVP, Business Partner, Corporate is a strategic role responsible for the consolidation and collaboration of the Business partner organization. This role requires a broad understanding of financial performance metrics, reinsurance and investments. This position will be responsible for developing a holistic view of the overall financial health of the consolidated group, driving key financial initiatives, optimizing capital management strategies, and ensuring the interconnectivity of the Business Partnership group. The ideal candidate will have a deep understanding of reinsurance financials, strong leadership skills, and a track record of managing complex financial strategies and projects. This role will be based in Jersey City, NJ office on a hybrid basis.
What You Will Do:
- Financial Leadership: Working with the broader Business Partnership group, provide a holistic view of the consolidated Fortitude group, including financial planning, budgeting, forecasting, and analysis.
- Performance Management: Monitor and analyze financial performance, identify trends, and provide actionable insights to senior management.
- Strategic Planning: Support the development and execution of strategic initiatives to drive growth, profitability and operational efficiency
- Process Improvement & Automation: Identify opportunities to improve workflows, reduce manual processes and implement financial systems and tools.
- Compliance & Governance: Ensure compliance with corporate financial policies, controls, and accounting standards.
- Stakeholder Communication: Communicate financial results and strategic plans to internal stakeholders.
- Team Leadership: Mentor and develop finance professionals with the team, fostering a culture of excellence and continuous improvement.
What You Will Have:
- Bachelor’s degree in Finance, Accounting, Economics, or related field. MBA, CFA, or other advanced finance qualifications preferred
- 7+ yrs experience in a financial role within the reinsurance industry.
- Reinsurance industry practices, investment products, regulatory and accounting requirements.
- Excellent communication and presentation skills.
- Strong analytical, strategic planning, and communication skills; proficiency in financial modeling and financial principles.
- High attention to detail and commitment to accuracy.
- Ability to think strategically and drive long-term financial planning; understands current market dynamics.
- Ability to work collaboratively with cross-functional teams and mentor and develop finance professionals within the team.
- Strong understanding of financial systems and reporting tools.
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
What We Offer:
We offer our employees competitive benefits in a fast-paced, dynamic and nimble culture including:
- Unlimited PTO policy
- Up to 12 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan - US Employees Only
- Paid parental leave
- Learning and Development Stipend
- Mental Health and Wellbeing support
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
- In addition to base salary, we offer discretionary incentive compensation based on the role to reward the achievement of annual performance objectives
- Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
- Actuarial Program Rotation for ADP employees
- For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
Fortitude Re
Website: https://fortitude-re.com/
Headquarter Location: Jersey City, New Jersey, United States
Employee Count: 251-500
Year Founded: 2017
IPO Status: Private
Industries: Financial Services ⋅ Insurance