About this AVP, Corporate Development role at Fortitude Re
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 Assistant Vice President, Corporate Development candidate will actively assist and lead key workstreams across the origination, evaluation, due diligence, structuring and execution of Life and Annuity M&A and reinsurance deals for Fortitude Re globally. The role partners closely with corporate development senior leadership, cross-functional stakeholders, and external advisors.
This role will be based in our Jersey City office on a hybrid basis.
What You Will Do:
- Manage the coordination of the new business deal lifecycle by collaborating with cross-functional teams including Corporate Development, Investment, Actuarial, Finance, Tax, Legal, Inforce Management, and Operations to ensure key milestones, approvals, and deliverables are completed on schedule and in accordance with established processes.
- Develop effective L&A presentation materials for client presentations, demonstrating product knowledge and showcasing Fortitude’s abilities.
- Maintain and develop relationships with bankers, brokers, and external advisors to support ongoing business development efforts.
- Assist in the evaluation of new business opportunities.
- Provide analytical deals support, including but not limited to conducting market research, constructing financial models and other ad-hoc analysis.
- Partner with senior management team in both the formal strategic planning process as well as the ongoing evolution of Fortitude’s strategic plan.
What You Will Have:
- Minimum 7+ years of work experience.
- Experience in life & annuity reinsurance transactions.
- Preferred - Graduate level degree or equivalent – ASA / FSA.
- Demonstrated ability to thrive in a fast-paced, dynamic environment.
#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.
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
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.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
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