AVP, Valuation Actuary Manager

Role Summary

The AVP, Valuation Actuary Manager candidate will be a key member of the Fortitude Life and Annuity Valuation team, which serves the company by supporting valuation and financial reporting requirements for US GAAP and statutory accounting for nontraditional reinsurance and acquired businesses. This position will report to the VP, Valuation Actuary and will be responsible for performing the valuation and financial reporting of fixed deferred and indexed annuities. The AVP candidate will align the business line’s financial reporting to corporate and accounting policies, governance, and control framework and procedures.

This role will be based remotely with some travel to our Nashville, TN office will be required.

What You Will Do

• Perform the valuation (US GAAP/LDTI, statutory and tax) requirements for Fortitude’s reinsurance transactions and/or acquisitions, while aligning to corporate and accounting policies, control framework and procedures, and performing periodic valuation of these blocks.
• Perform the periodic US GAAP/LDTI, Statutory, and Tax valuation and financial reporting for Fortitude Re’s businesses. Products include fixed deferred annuities and indexed annuities.
• Assist with the onboarding of new deals into the Fortitude environment, including drafting of test tools that replicate modeled results, implementation and business requirement memorandums and supporting the construction of the opening balance sheet.
• Supervise directly and/or indirectly a team who will support the valuation work and financial reporting, which includes review of input data for completeness and accuracy and review of reserves for reasonableness and accuracy.
• Support US statutory blue book reporting requirements, if applicable.
• Ensure that all valuation activities follow Fortitude Re’s Internal Controls for Financial Reporting Framework.
• Perform analytics and prepare analysis of financial results.
• Work with the Modeling team to manage and execute the building/maintenance of our Fortitude Valuation Systems (FVS) AXIS models, which entails user-acceptance testing through change management processes.
• Develop audit tools to validate reserve calculations.
• Assist in process improvement efforts, particularly automation using Python, GitHub, and other technology platforms.