Paralegal/Analyst - Legal, Regulatory & Compliance

Jersey City, NJ, USA Req #312
Tuesday, April 19, 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.

Position: 
This role is responsible for providing support in the areas of project management; research and analysis; and day-to-day administration as part of the legal, regulatory and compliance group team of the Fortitude Re group of companies. This position will be based in Jersey City.

Responsibilities: 

  • Provide paralegal support including:
    • Prepare various reports and presentations as part of the legal, regulatory and compliance function
    • Assist in establishing and maintaining effective document management system
    • Respond to document requests relating to regulatory exams; due diligence or other inquiries
    • Complete applications and filings required for regulatory and other corporate purposes
    • Create and manage content for Company’s internal and external internet sites
    • Support preparation and review of contracts and other legal documentation
  • Support Board of Directors and Board committee meetings and processes including:
    • Support preparation and distribution of all Board and committee materials
    • Record and draft meeting minutes and Board resolutions

Qualifications: 

  • Bachelor’s degree
  • Minimum of 2 years of experience in project management or related areas, preferably with legal or compliance departments
  • Experience with and interest in (re)insurance
  • Excellent written and verbal communication skills
  • Highly skilled in PowerPoint, Excel and other office and project management applications
  • Highly organized and detail-oriented
  • Superior judgment
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 LG - Legal, Regulatory & Gov't Affairs
  • Job Function Associate/Sr Associate
  • Pay Type Salary
Location on Google Maps
  • Jersey City, NJ, USA