AVP- Finance Transformation Project Manager

Nashville, TN, USA Req #388
Friday, June 10, 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 Summary

Reporting into the VP, Finance Transformation, this role will support in the execution of the vision and of Finance strategic priorities mainly implementation of Long-duration Targeted Improvements (LDTI) and ensure that changes are implements across all functions within the business as well as automating and streamlining reporting across Finance. Project manager responsibilities include the coordination and completion of projects on time within budget and within scope. Oversee all aspects of projects. Set deadlines, assign responsibilities, and monitor and summarize progress of project. Prepare reports and develop key performance indicators to monitor status of projects. the successful incumbent will be responsible for leading developing, leading, and implementation.

Key Responsibilities

  • Support the VP, Finance Transformation in developing project plans and prioritizing projects to support Strategic Business Objectives
  • Ensure monitoring and control of project execution performance
  • Working cross-functional to develop strategy and execution of LDTI across the business
  • Oversee the implementation of LDTI guidelines and monitoring the progress of implementation including the improvement, documentation, and execution of processes and controls
  • Enable and automate reporting capabilities for key Business Applications (SAP S/4 HANA, Coupa, and Ceridian Dayforce etc)
  • Engage and work along cross-functional teams to ensure a cohesive approaches to development
  • Eliminate silos by facilitating Team Collaboration and Communication
  • Monitor follow up items to ensure each item is being addressed and closed in a timely manner
  • Develop Voice of the Customer analysis to ensure business requirements are met
  • Identify opportunities and execute on automation of processes and workflows
  • Lead in the development of and tracking of change management initiatives including development of management dashboards and KPI’s to baseline and measure Finance efficiency and change adoption
  • Prepare business proposals for the evaluation and selection of application systems, development of system enhancements and acquisition of new technologies
  • Establish system testing plans and lead testing of proposed system changes/upgrades
  • Act as a liaison between the transformation team and other departments to assist in the analysis of reporting requirements, development of recommendations and presentation of findings to department management

The Ideal Candidate should have

  • University degree required with emphasis on finance, accounting or computer science
  • Internationally recognized professional accounting designation (CA, CPA or equivalent) with a minimum of 10 years’ experience within reinsurance or insurance industry
  • Previous experience in project management, process improvement and finance systems
  • Strong familiarity with project management software tools, methodologies, and best practices
  • Experience seeing projects through the full life cycle according to outlined scope, budget, and timeline
  • Can easily understand various business processes and model them
  • Proven ability to work well under pressure, with significant overtime, and ability to meet tight deadlines and respond to changing priorities

The Ideal Candidate will

  • Must possess efficiency, honest/integrity, organizational and planning skills
  • Exhibit a willingness to learn business platforms as required (SAP S/4, Coup etc)
  • 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 FA - Finance
  • Job Function AVP
  • Pay Type Salary
Location on Google Maps
  • Nashville, TN, USA