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.
Job Title: Senior Associate, IT Investments/Hedging Data Engineer
Location: Jersey City, NJ (Hybrid)
What You Will Do:
- Provide support for daily hedging to implement both strategic and tactical solutions
- Develop Python code for models and quantitative analysis
- Leverage AWS serverless technology (Lambda, API GW, Glue) to provide cloud-based solutions
- Ingest and analyze new/existing data sets related to asset "greeks", derivatives, hedging, volatility, market data.
- Design and implement data processing (ETL, ELT) and data approval workflows.
- Engage with market data vendors to coordinate secure data transfers.
- Provide data visualizations/dashboards, workflows and low-code screens using the Microsoft Power Platform
What You Will Have:
- Bachelor's degree in Math, Computer Science or Engineering
- Experience with Investment Accounting systems (Clearwater, Aladdin, etc.) and enterprise Market/Ratings/Analytics data (Bloomberg, Factset, Numerix, Moodys, Refinitiv, etc.)
- Minimum experience of two years in programming (Python and/or R)
- Experience in building cloud-based data solutions in AWS
- Proficient in SQL, NoSQL, Big Data and advanced querying methods
- Robust knowledge of data lakes, data governance and modern data quality techniques
- Prior knowledge and experience in the fintech, investment banking or insurance industry
- Excellent analytical, problem solving and conceptual skills
- Strong verbal and written skills
Salary: The base salary range for this role is $100,000 — $110,000 USD, commensurate with candidate experience. 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.
What We Offer:
- Unlimited PTO policy
- Up to 11 paid company holidays
- Up to 16 hours per year of paid volunteer time
- Competitive 401(k) plan
- Paid parental leave
- Learning and Development Stipend
- Mental Health and Wellbeing support
- Health, vision, dental, and life insurance with additional access to health and wellness programs
- Flexible working environment
- Actuarial Exam Support through our Actuarial Development Program
- Actuarial Program Rotation
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.
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes. Our Privacy Policy explains what personal information we may process, where we may process your personal information, our purposes for processing your personal information, and the rights you can exercise over our use of your personal information.
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