AVP, Capital Management Strategic Projects US-Nashville, US-Jersey City, Remote-
Socotra, Inc., Jersey City, NJ, United States
The AVP, Capital Management Strategic Projects will be a member of Fortitude Re’s Capital Management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and potential market expansion needs. The primary responsibility of the position will be to focus on strategic initiatives across all capital management and reporting functions. The position is expected to work closely with departments across the organization including actuarial, finance, investments, and pricing teams. The position will report to the VP, Capital Management.
This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
Support capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives.
Support Bermuda regulatory initiatives including establishing production processes for group supervision, evaluating and implementing changes to the regulatory regime, and leading internal capital model development.
Implement transformations within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies.
Support model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function.
Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting.
Support efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting.
Collaborate with ALM team on asset deliverables.
What You Will Have:
Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
8+ years of insurance experience, with focus on valuation, modeling or capital management preferred.
Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR).
Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields.
Significant working experience with AXIS or similar actuarial projection software.
Experience with financial analysis of income statement, balance sheet and capital projections.
Experience with actuarial projection or valuation software, database applications, business intelligence tools.
Good analytical skills and ability to adopt a creative approach to solving complex process problems.
Ability to manage multiple work assignments and meet time commitments.
Strong oral and written communication skills.
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
Base Salary Range
$185,000 — $210,000 USD
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.
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This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
Support capital optimization efforts across entities and regulatory regimes, including economic framework and internal model initiatives.
Support Bermuda regulatory initiatives including establishing production processes for group supervision, evaluating and implementing changes to the regulatory regime, and leading internal capital model development.
Implement transformations within capital management across all functional areas to improve system and modeling capabilities and deliver reporting timeline efficiencies.
Support model validation and governance efforts to ensure robust control framework, transparency and documentation of critical models within capital management function.
Support company growth initiatives by evaluating new business including reinsurance and acquisition to ensure capital is appropriately valued with respect to pricing standards and inforce reporting.
Support efforts for new business across all capital management functions to ensure successful transition from pricing to inforce reporting.
Collaborate with ALM team on asset deliverables.
What You Will Have:
Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
8+ years of insurance experience, with focus on valuation, modeling or capital management preferred.
Working knowledge of regulatory capital (e.g. US RBC, Bermuda EBS, Solvency II) and rating agency capital (e.g., Fitch Prism, AM Best BCAR).
Undergraduate degree is required, preferably in actuarial science, mathematics, economics, or related fields.
Significant working experience with AXIS or similar actuarial projection software.
Experience with financial analysis of income statement, balance sheet and capital projections.
Experience with actuarial projection or valuation software, database applications, business intelligence tools.
Good analytical skills and ability to adopt a creative approach to solving complex process problems.
Ability to manage multiple work assignments and meet time commitments.
Strong oral and written communication skills.
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
Base Salary Range
$185,000 — $210,000 USD
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.
#J-18808-Ljbffr