Fortitude Re
Bermuda’s largest multi-line reinsurance company
AVP, Settlements & Reserves
Location
New Jersey + 1 moreAll locations: New Jersey, Tennessee
Posted
20 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