Fortitude Re
Insurance
AVP,FinancialControls
Neural analysis suggests this role is
optimal for Mid+ candidates.
“AVP, Financial Controls at Fortitude Re. Skills: Financial Controls, ICFR Program, SOX, MAR. Lead ICFR Program risk assessment. Evaluate control deficiencies”
What You'll Achieve.
Deliver reliable financial information; Deliver timely financial information
Industry & Context.
Define problems; Collect data; Establish facts; Draw conclusions
What They're Looking For.
Must Have
Bachelor's degree in accounting, CPA or equivalent, Six years experience in Life & Annuities, Understanding of US GAAP, Understanding of US Statutory Accounting Principles
Nice to Have
Chartered Accountant equivalent
What You'll Do.
Lead ICFR Program risk assessment
Evaluate control deficiencies
Report control deficiencies
Support remediation of deficiencies
Support remediation of weaknesses
Develop ICFR Program communications
Assist in developing controls testing function
Establish protocols for testing controls
Oversee remediation of deficiencies
Seek uniformity of controls
Seek automation of controls
Enhance design of controls
Enhance effectiveness of controls
How You'll Work.
Team & Collaboration
Partner with business; Partner with senior leadership; Teaming effectively across cultures; Teaming effectively across levels
Communication Scope
Verbal communication; Written communication; Present information
Process & Methodology
Risk assessment, Process improvement
Full Job Description
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 $111 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. The AVP, Financial Controls specializes in the establishment and maintenance of the Company’s Internal Control over Financial Reporting (ICFR) Program in accordance with the applicable Standards and Guidance issued by the Securities and Exchange Commission (SEC) and the Sarbanes Oxley Act of 2002 (SOX). This role is also responsible for the implementation of the Company’s internal control over US Statutory reporting programs in accordance with the Model Audit Rule (MAR) of the National Association of Insurance Commissioners. This position will also lead the development and integration of the Bermuda Monetary Authority (BMA) financial reporting requirements, into the Company’s ICF
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