Associate, Accounts Payable

Brentwood, TN, USA Req #496
Tuesday, November 22, 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.

FLAS – Associate, Accounts Payable Analyst

Responsibilities:

  • Assist in day to day Accounts Payable processes within Coupa and/or SAP; including vendor set up, due diligence/research, invoice processing and report generation
  • Ensure on-time payment and accuracy for the General Ledger
  • Respond to inquiries and contact other departments and/or vendors to resolve issues
  • Maintain accurate digital records
  • Perform various clerical and accounting tasks in support of our operating unit
  • Work with business teams in identifying discrepancies in a timely manner to avoid or mitigate gain/loss
  • Serve as a control function in reporting and escalating issues
  • Work with operations areas to establish controls where risks have been identified
  • Analyze processes and identify areas for improvement, efficiencies, and automation
  • Support internal and regulatory audits, UAT, operation enhancement projects, and other ad-hoc requests, as required
  • Support management in compiling and consolidating data to build analytical reports for corporate management and staff
  • Perform miscellaneous job-related duties as assigned
  • May lead, guide, or cross-train other employees performing related work

Job Requirements:

  • Three plus years of relevant and responsible job experience
  • Working knowledge of business, book keeping and accounting practices
  • Analytical problem-solving skills are a must
  • Strong Microsoft Office knowledge and skills
  • Coupa and SAP experience preferred but not required
  • Ability to learn new systems as required
  • Data entry and/or word processing skills
  • Ability to work at a fast pace and handle shifting priorities
  • Strong record maintenance skills
  • Good mathematical, oral, and written communication skills
  • Ability to work independently and in a team environment in a professional manner
  • Ability to assist with projects required to meet departmental goals
  • Ability to understand processes in a larger context and to look for improvements and efficiencies
  • Customer focused and willing to make extra effort to ensure customer satisfaction
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 Function Associate
  • Pay Type Salary
Location on Google Maps
  • Brentwood, TN, USA