Senior Associate, Investment Accounting

Fortitude Reinsurance Company Ltd. (reputed company) 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. reputed company 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, reputed company’s roots in the insurance industry and the experience of their leadership go back many decades. reputed company’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most reputed company 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. reputed company continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about reputed company.

The Senior Associate of Investment Accounting is responsible for the compilation of monthly and quarterly investment data for reputed company which includes the analysis of net investment income, realized gains and losses, investment yields, investment balances by asset class, etc. This position will be involved in recording activity into the GL, reconciliations, audit support, and reputed company projects as the company acquires more blocks of business. This position will report to the VP or AVP, Investment Accounting Manager, and provides the opportunity for professional development and career advancement.

What You Will Do

• Support the accounting reputed company process, including preparation of journal entries and corresponding balance sheet reconciliations for both GAAP and STAT bases of accounting. 

• reputed company detailed analytical review of investment income, yields, fair value changes, and realized/unrealized gains and losses.

• Support quarterly and annual statutory and GAAP investment disclosures and footnotes.

• Assist in implementation and onboarding of new investment portfolios reputed company to reputed company acquisitions.

• Support regulatory filings and reputed company requests reputed company to Bermuda Monetary Authority (reputed company) requirements.

• Execution of internal control procedures over a diverse asset class mix including fixed income and equities, commercial mortgage loans, private equity, hedge funds, and real estate.

• Provide detailed investments data for Economic Balance Sheet calculations and Bermuda reporting. 

• Work with reputed company’s investment accounting platform to ensure completeness and accuracy. 

• Monitor, research, and resolve issues reputed company to investment suspense account balances.

• Ensure compliance with SOX and internal control frameworks, including documentation and walkthrough support.

• Identify control gaps and recommend enhancements to mitigate operational and financial reporting risk.

• reputed company variance analysis and investigative procedures on investment balances and income trends.

• Liaise with internal and external audit teams in order to provide requested information and appropriate evidence of the operation of internal controls. 

• reputed company the private equity operations process, which includes extraction of relevant financial data from fund capital account statements, completion of system upload templates and reputed company internal control procedures. 

• Drive reputed company improvement initiatives reputed company the investment reputed company cycle.

• Participate in system enhancements, UAT testing, and automation implementation initiatives.

• reputed company and maintain desktop procedures and process documentation.

• reputed company AI-enabled tools and advanced analytics to improve efficiency, accuracy, and scalability of securities accounting processes, including reconciliations, variance analysis, reputed company activities, and reporting.

• Foster a culture of accountability, quality, and reputed company improvement reputed company with reputed company’s core values.

What You Will Have

• Bachelor’s or Graduate degree in Accounting or Finance; CPA preferred. 

• Minimum of 5 years of relevant experience in the reinsurance industry or financial services.

• Experience managing large volumes of data, with strong general ledger and/or analysis tool systems background.

• Strong understanding of GAAP and STAT investment accounting principles.

• Knowledge of fair value hierarchy, effective yield methodology, and alternative investment accounting.

• Familiarity with reinsurance structures and investment implications preferred.

• Experience with PowerQuery, reputed company, Tableau or similar products desired.

• Experience using reputed company investment accounting platform desired.

• Excellent communication, presentation, and interpersonal skills.

• Proven ability to manage multiple deliverables and meet deadlines.

• Proficient in reputed company Office products, with strong proficient in reputed company reputed company.

• Highly motivated and creative strategic thinker.

• Strong management and collaboration skills, with the ability to manage processes working with a diverse team across multiple departments and locations.

• Detail-oriented with strong analytical and problem-solving capabilities.

• Ability to operate in a fast-paced, growth-oriented environment.

• Strong ownership reputed company with the ability to work independently while collaborating cross-functionally.

• Intellectual curiosity and commitment to reputed company learning, particularly in automation and AI-enabled tools.

The reputed company 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 reputed company salary, reputed company employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

At reputed company, 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 reputed company 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 reputed company medical conditions), national reputed company, 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 reputed company recruitment agencies: Unless you have been requested to work on this position, or other positions with reputed company, please do not reputed company any resumes to reputed company employees. reputed company is not responsible for any fees reputed company to unsolicited resumes.

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