Assistant Vice President, Corporate Development

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 $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.

Aa a valued member of the Life & Annuity Deals Team, this role will actively assist and sometimes lead the origination, due diligence and execution of Life and Annuity M&A and reinsurance deals for Fortitude Re globally. An energetic individual who is a team player, with strong work ethics and commercial sense, demonstrates intellectual curiosity, a “can-do” attitude, and takes pride in the delivering quality work product within a fast-paced environment will excel in this role. This role will be based in our Jersey City, NJ office and can work on a hybrid schedule.

What You Will Do:
• Management of the new business deal process by working closely with internal stakeholders and coordinate across functions to ensure process flow: Deal Team Actuarial, Finance, Tax, Legal, Inforce Management, and Operations
• Develop effective presentation materials for communication with our leadership team and investors
• Lead in evaluating target companies or blocks of business for financial, operational and strategic fit and the impact of the potential transaction on business strategy
• Maintain relationships with bankers, brokers and advisors, and secondarily to assist in the sourcing of new business opportunities
• Provide or supervise analytical deals support, including but not limited to conducting market research, constructing financial models and other ad-hoc analysis
• Strategy: Partner with senior management team in the both the formal strategic planning process as well as the ongoing evolution of Fortitude’s strategic plan
• Project Support: Further partner with senior management in leading and supporting execution of key enterprise-wide projects, especially those that require collaboration among multiple groups and functions across the firm, including:
• Assist in Board of Directors meeting preparation, including
• Ensuring presentation materials are appropriately tailored to meeting topics and managing presentation logistics
• Information and analysis requests from Fortitude’s Board of Directors

What You Will Have:

• Undergraduate degree in economics, finance, or other quantitative field
• Minimum of 5+ years of experience in a Life and Annuity Insurance M&A or strategy role

What We Offer:

We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

• Unlimited PTO policy
• Actuarial exam support through our Actuarial Development Program
• Up to 11 paid company holidays
• Up to 16 hours per year of paid volunteer time
• Competitive 401(k) plan
• Paid parental leave
• Tuition reimbursement
• Health, vision, dental, and life insurance with additional access to health and wellness programs
• Flexible working environment
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.

---