Senior Associate Actuary, Embedded Value Reporting

Nashville, TN, USA Req #404
Wednesday, August 10, 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.

The Position

This role will be a member of the capital management team, which serves the company by reporting and monitoring capital in alignment of regulatory reporting, strategic planning, and market expansion needs of Fortitude Re.  The primary responsibilities of the position will be producing quarterly embedded value analysis.  The role will be required to work closely with departments across the organization including actuarial, finance, investments and pricing teams.


Key Responsibilities:

  • Responsible for preparing and analyzing quarterly embedded analysis including sensitivities
  • Critically review corporate level investment and capital assumptions for consistency across reporting regimes (US GAAP, US Stat) as well as key inputs into the process produced by other departments
  • Implement, and execute controls as necessary to ensure accurate financial statement projections
  • Assist and review key inputs and lead assumption setting process
  • Assess and develop metrics to analyze projected income, reserves and capital requirements
  • Responsible for being key liaison with actuarial modeling team and provide assumption updates and methodology changes as required
  • Support team on other project work as required



  • Bachelor Degree in Actuarial or other numeric discipline and have a minimum of 5 years’ experience working within insurance, specifically within valuation and modeling
  • Recent or near Associate of Society of Actuaries or equivalent designation
  • Working knowledge of regulatory capital standards (US RBC, Solvency  II, etc) and insurance product reserving methods
  • Experience with actuarial projection or valuation software, database applications, business intelligence tools


The ideal candidate will:

  • Be detail oriented and highly organized.
  • Possess strong communication and analytical skills.
  • Highly motivated and results-oriented.
  • Proven ability to work independently
  • Be a strategic thinker able to analyze and solve complex problems
  • Very strong written, verbal and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
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 Family FA - Finance
  • Job Function Associate/Sr Associate
  • Pay Type Salary
Location on Google Maps
  • Nashville, TN, USA