Senior Associate, Portfolio Management & ALM
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What you'll do
- Support daily management of existing asset portfolios, which includes monitoring risk positions against cedant guidelines and internal risk thresholds.
- Engage in recurring discussions with asset managers on market opportunities, portfolio performance, compliance with guidelines, and tactical shifts across public and private fixed-income markets.
- Analyze and report on key drivers of portfolio performance against target and suggest ways to improve portfolio performance.
- Collaborate with asset managers to develop investment recommendations based on market conditions and ALM positioning.
- Evaluate prospective investments and their relative value versus competing alternatives.
- Assist with onboarding of new investment mandates.
- Work closely with Actuarial, Risk, Capital, Finance, and Treasury teams to support pricing, due-diligence efforts, and company-wide initiatives.
- Build strong working relationships across the firm.
What they're looking for
- Bachelor’s degree in Finance, Economics, Mathematics, or a related discipline
- Minimum of 3+ years of experience in insurance asset management, fixed-income portfolio management, or roles focused on liability-driven investment mandates
- Strong technical background in analysis and reporting using MS Office
Nice to have
- Advanced graduate degree or progress towards CFA and/or comparable actuarial/risk credentials viewed favorably
- Familiarity with fixed-income markets across public and private sectors, ALM principles, and portfolio performance measurement is viewed favorably
- Familiarity with Python or SQL is a plus
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
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 Senior Associate, Portfolio Management & ALM works alongside senior portfolio managers to monitor and report on performance and risk, producing analysis that guides tactical decisions to enhance returns while maintaining liability alignment.
What You Will Do:
- Support daily management of existing asset portfolios, which includes monitoring risk positions against cedant guidelines and internal risk thresholds.
- Engage in recurring discussions with asset managers on market opportunities, portfolio performance, compliance with guidelines, and tactical shifts across public and private fixed-income markets.
- Analyze and report on key drivers of portfolio performance against target and suggest ways to improve portfolio performance.
- Collaborate with asset managers to develop investment recommendations based on market conditions and ALM positioning.
- Evaluate prospective investments and their relative value versus competing alternatives.
- Assist with onboarding of new investment mandates.
- Work closely with Actuarial, Risk, Capital, Finance, and Treasury teams to support pricing, due-diligence efforts, and company-wide initiatives.
- Build strong working relationships across the firm.
What You Will Have:
- Bachelor’s degree in Finance, Economics, Mathematics, or a related discipline; advanced graduate degree or progress towards CFA and/or comparable actuarial/risk credentials viewed favorably.
- Minimum of 3+ years of experience in insurance asset management, fixed-income portfolio management, or roles focused on liability-driven investment mandates.
- Familiarity with fixed-income markets across public and private sectors, ALM principles, and portfolio performance measurement is viewed favorably.
- Strong technical background in analysis and reporting using MS Office; familiarity with Python or SQL is a plus.
- Ability to demonstrate ownership over responsibilities and ability to collaborate across various teams.
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. 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.
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
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