Senior Actuarial Associate

Jersey City, NJ, USA ● Nashville, TN, USA ● Virtual Req #304
Tuesday, June 21, 2022

Fortitude Re is a liability-led reinsurer of legacy insurance portfolios complemented by sophisticated investment capabilities. In 2016, AIG created a “Legacy” portfolio as a separate non-core segment representing insurance reserves associated with discontinued lines of commercial Property & Casualty and Life & Annuity insurance businesses. The following year, AIG formed a Bermuda-domiciled composite reinsurer, now Fortitude Re, to house the Legacy portfolio in a separate, distinct, well-capitalized balance sheet with a dedicated management team. In 2018, the company entered into a series of L&A and P&C reinsurance transactions with AIG and received an initial capitalization of ~$3 BN. The transactions represented ~$37 BN of reserves supported by ~$40 BN of invested assets. During this time, AIG also entered into a long-term partnership with The Carlyle Group, with Carlyle acquiring 19.9 % ownership. Then in 2019, The Carlyle Group and T&D announced acquisition of majority interest in Fortitude Re from AIG. This allowed for a new long-term shareholder base for the company while maintaining a strong capital position for supporting reinsurance obligations. Click here for more information about Fortitude Re.

The Senior Associate, Life Pricing, will play a key role in the supporting the Actuarial team on the production and interpretation of pricing analytics in support of life and annuity reinsurance transactions.


Key Responsibilities

  • Set up and run liability diligence model, produce liability sensitivities
  • Carry out exhaustive policy and product diligence as well as related treaty terms implications impacting liabilities under consideration
  • Communicate liability product risks and recommendations to internal stakeholders
  • Follow applicable governance and pricing standards

Position Requirements

  • Qualified or near qualified Associate or Institute of Actuaries (or equivalent) with minimum of 3 years’ experience in pricing and within the life re/insurance industry.
  • Strong modeling and technical skills (Excel modeling skills required, general actuarial modeling experience in GGY/Moody’s AXIS is a plus)
  • Python/Julia experience preferred but not required.

The ideal candidate will:

  • Be detail oriented and highly organized.
  • Possess strong communication and analytical skills.
  • Highly motivated and results-oriented.
  • Proven ability to work independently
It has been and will continue to be the policy of Fortitude Group Holdings, LLC, its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. 
                                                                                                                                                 
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.

Other details

  • Job Family AC - Actuarial
  • Job Function Associate/Sr Associate
  • Pay Type Salary
Location on Google Maps
  • Jersey City, NJ, USA
  • Nashville, TN, USA
  • Virtual