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SalaryFortitude 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 $55 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 Assistant Vice President, Benefits & Wellness will serve as a key member of the Total Rewards team, focusing on leading the comprehensive planning, evaluation design, and administration of Fortitude's benefits and wellness programs and policies. In partnership with the VP, Total Rewards, this role will develop the strategic vision for Benefits and Wellness ensuring offerings align with Total Rewards strategy.
The role will effectively partner with People & Culture Practice, key stakeholders, vendors, and cross-functional teams, such as Finance, Payroll, and Legal to deliver a comprehensive Benefits & Wellness package.
What You Will Do:
- Strategic Planning: Develop and execute a strategic vision for employee benefits and wellness programs aligned with the total rewards strategy, business priorities, and employee needs.
- Benefits Management: Oversee the design, implementation, and administration of employee benefit programs including health, retirement, insurance, and other benefits. Conduct ongoing analyses and reviews of programs to determine market competitiveness, utilization, and employee preferences. Plan and execute annual benefits open enrollment process, communicating effectively with employees, and providing guidance to ensure employees make informed decisions. Leverage technology to simplify internal processes and increase efficiency.
- Wellness Initiatives: Develop and promote wellness initiatives aimed at improving employee health, engagement, and productivity. This may include fitness programs, mental health support, nutrition initiatives, and stress management programs.
- Leave Administration: Responsible for administering and monitoring claims, communicating with employees, managers, leave management vendors, insurance carriers, and healthcare providers, and tracking and reporting on leaves.
- Vendor Management: Manage relationships with benefits vendors, negotiate contracts, and ensure services meet company standards and regulatory compliance.
- Compliance & Reporting: Ensure benefits programs comply with relevant laws and regulations. Generate reports and analyze data to evaluate program effectiveness and recommend improvements.
- Employee Communication & Support: Communicate benefit offerings and wellness programs effectively to employees through various channels, ensuring clear understanding and engagement. Consistently communicate the value of benefit offerings as part of Fortitude's total rewards portfolio to help attract, engage, and motivate employees. Provide guidance and support to employees regarding benefit-related questions and problem-solving.
What You Will Have:
- 7+ years of progressive experience in benefits design and administration, and wellness programs.
- Bachelor's degree in Human Resources, Business Administration, or a related field. Advanced degree (MBA, etc.) preferred.
- Knowledge of benefits regulations, including experience with LOA, trends, and best practices in Benefits and Total Rewards approaches.
- Exceptional communication, organization, negotiation, and interpersonal skills.
- Strategic thinker with the ability to drive initiatives and influence change as well as execute day-to-day accountabilities, collaborative effectively with cross-functional partners.
- Ability to prioritize workload according to volume, urgency, etc. Demonstrated a high level of program/project management skills.
- Proficiency in benefits management software and Microsoft Office Suite.
#LI-Remote
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.
Base Salary Range
What We Offer:
We offer 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
- Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
- Actuarial Program Rotation for ADP employees
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.
