Fortitude Re

Assistant Vice President, Investment Accounting

Fortitude Re

full-time

Posted on:

Location Type: Remote

Location: United States

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Salary

💰 $130,000 - $170,000 per year

Job Level

Lead

About the role

  • Own day-to-day investment accounting and reporting processes across GAAP, STAT, Bermuda SFS, and EBS under the direction of the VP.
  • Ensure investment transactions (purchases, sales, maturities, paydowns, coupon payments, repos, securities lending) are processed completely, accurately, and on time.
  • Oversee daily and monthly reconciliations of positions, trades, and cash across accounting records and the general ledger.
  • Investigate and resolve income, position, and valuation variances with clear documentation and root-cause analysis.
  • Execute valuation governance activities, including fair value hierarchy reviews, stale price monitoring, pricing analysis, and override documentation.
  • Support valuation committee materials, analysis, and follow-ups.
  • Maintain strong SOX and internal control compliance for investment accounting and reporting processes.
  • Ensure documentation, controls, and evidence meet audit and regulatory expectations.
  • Contribute to monthly close package and help provide clear analysis and commentary on investment results by legal entity, accounting basis, and reinsurance deal.
  • Translate accounting outcomes into clear explanations for senior leadership, auditors, and regulators.
  • Support audit requests and ensure timely, accurate responses for investment portfolios.
  • Drive continuous improvement initiatives across investment accounting operations, including close efficiency, reconciliations, and reporting processes.
  • Leverage AI-enabled tools and advanced analytics to improve efficiency, accuracy, and scalability of investment accounting processes, including reconciliations, variance analysis, close activities, and reporting.
  • Provide technical guidance, informal mentorship and coaching to accounting professionals. Manage and direct offshore resources to ensure consistent execution.
  • Coordinate workflow across teams to support close timelines and reporting deadlines.
  • Foster a culture of accountability, quality, and continuous improvement aligned with Fortitude Re’s core values.

Requirements

  • Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
  • 8+ years of accounting experience with a focus on investments, including fixed income, derivatives, mortgage loans, alternatives and structured products.
  • Preferred (optional): Public accounting background or Big 4 experience with insurance/reinsurance or investment clients.
  • Deep knowledge of multi-basis reporting (GAAP, STAT, Bermuda SFS, EBS).
  • Demonstrated ability to ensure complete, accurate, and timely processing of large-scale investment portfolios.
  • Proven experience managing high-volume reconciliations across custodians, managers, and general ledger systems.
  • Demonstrated leadership in SOX/internal controls design and compliance for investment portfolios.
  • Strong communication skills with experience presenting to executives, committees, auditors and regulators.
  • Track record of automation and AI adoption to transform high-volume reporting processes.
  • Strong analytical and problem-solving skills with attention to detail.
  • Experience with Clearwater Analytics for investment portfolios; SAP and Palantir knowledge preferred.
  • Strong technical expertise in valuation governance, including fair value leveling, stale price analysis, and pricing overrides.
  • Ability to connect results across legal entities, accounting bases, and reinsurance deals to treaty economics and capital management.
Benefits
  • annual bonus based on company and individual performance
  • generous benefits package
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
investment accountingGAAPSTATBermuda SFSEBSreconciliationsvaluation governanceautomationAI adoptionfinancial analysis
Soft Skills
leadershipcommunicationanalytical skillsproblem-solvingmentorshipteam coordinationattention to detailaccountabilitycontinuous improvementpresentation skills
Certifications
Bachelor’s degree in AccountingBachelor’s degree in FinanceCPA