Associate, Corporate Development

Jersey City, NJ, USA Req #566

Monday, March 13, 2023

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 $55 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.

Join our dynamic Corporate Development team. Reporting into the Vice President, Corporate Development this Associate / Senior Associate is a valued member of the Deals Team and will support the origination, due diligence and execution of Life and Annuity M&A and reinsurance deals for Fortitude Re globally. An energetic individual who is a team-player, with strong work ethics and commercial sense, demonstrates intellectual curiosity, a “can-do” attitude, and takes pride in the delivering high quality work product within a fast-paced environment will excel in this role. This role will be based in our Jersey City, NJ office and can work on a hybrid schedule.

What You Will Do:

Assist day-to-day deals management by working closely with internal functional areas (Legal, Finance, Tax, Investments, Actuarial), external advisors, banks, brokers and intermediaries, as well as leadership team and investors
Prepare deal presentations and investment memos for internal and external stakeholders, executive management team and investors
Provide analytical deals support, including but not limited to conducting market research, constructing financial models and other ad-hoc analysis
Support new business origination and pipeline maintenance in the Life and Annuity M&A and reinsurance space

What You Will Have:

Undergraduate degree in economics, finance, or other quantitative field
1 to 5 years of relevant experience
Previous experience at an insurance / reinsurance company, consulting firm, investment bank or asset manager specialized in the Life and Annuity space
Highly proficient in Excel and PowerPoint

What We Offer:

We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

Unlimited PTO policy
Actuarial exam support through our Actuarial Development Program
Up to 11 paid company holidays
Up to 16 hours per year of paid volunteer time
Competitive 401(k) plan
Paid parental leave
Tuition reimbursement
Health, vision, dental, and life insurance with additional access to health and wellness programs
Flexible working environment

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.

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.

Other details

Job Family PA - Planning & Acquisitions
Job Function Associate
Pay Type Salary

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Jersey City, NJ, USA