AVP, Settlements & Reserves

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 $111 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 **AVP, Settlements \& Reserves** is responsible for overseeing reserve, and reinsurance settlement accounting processes across all legal entities and reporting bases. This role ensures accurate journal entries and reconciliations (incl. suspense), monitors adherence to internal policies, and partners with both internal teams and external providers. The AVP plays a key role in control execution, ledger integrity, and continuous improvement across operational accounting cycles. Includes supporting strategic financial initiatives to drive organizational success. **What You Will Do:** * Oversee core record\-to\-report activities, including monthly journal entries, accruals, and reconciliations for balances in scope across all reporting bases (incl. EBS) * Oversee the accounting and journal entries for reinsurance settlements in collaboration with Reinsurance Ops. * Partner with Reinsurance Ops to review and validate data inputs used for settlement and reserve accounting * Manage daily and month\-end cash activity accounting; ensure completeness and alignment with settlements * Oversee the accounting and journal entries for reserves in collaboration with Actuarial, and others across all reporting bases (incl. EBS) * Manage the preparation of entries related to Sidecar transactions/balances and Modco payables ensuring timely and accurate financial reporting * Ensure completeness, policy alignment, and internal control execution across all reserve processes * Execute and document account reconciliations, including resolution of variances * Identify improvement opportunities related to ledger feed processing, reserve automation, and system integration *