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Assistant Vice President, Financial Controls - Remote

Posted 2 weeks ago
Finance / Legal
Full Time
Worldwide
$145,000 - $185,000 USD/year

Overview

The Assistant Vice President, 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.

In Short

  • Lead annual ICFR Program risk assessment and scoping process.
  • Support remediation of significant deficiencies and collaborate with external auditors.
  • Engage with auditors to promote efficiencies through reliance on internal controls.
  • Develop ICFR Program communications for stakeholders.
  • Assist in developing internal controls testing function.
  • Seek uniformity and automation of controls across the Company.
  • Communicate effectively across different cultures and levels.

Requirements

  • Bachelor’s degree or higher in accounting.
  • CPA, Chartered Accountant or equivalent.
  • Six or more years of experience in the Life & Annuities industry.
  • Strong understanding of US GAAP and US Statutory Accounting Principles.
  • Clear and professional verbal and written communications.
  • Strong interpersonal and collaborative skills.
  • Ability to present information effectively to senior management.
  • Ability to define problems and draw conclusions.
  • Agility to work effectively both as part of a team and independently.
  • Current on best practices regarding processes and controls.

Benefits

  • Annual bonus based on company and individual performance.
  • Generous benefits package.
  • Culture of inclusion and belonging.
  • Opportunities for professional growth.
  • Support for continuous improvement and innovation.
Fortitude Re logo

Fortitude Re

Fortitude Reinsurance Company Ltd. (Fortitude Re) is a prominent provider of legacy reinsurance solutions, collaborating with leading insurance companies to implement comprehensive and transformative strategies for legacy Life & Annuity and Property & Casualty lines. With a general account management of approximately $111 billion, Fortitude Re is backed by a consortium of sophisticated institutional investors, including The Carlyle Group and T&D Insurance Group. Established in Bermuda in 2017, the company boasts a leadership team with an average industry tenure of over 20 years, known for their expertise in managing complex legacy liabilities. Fortitude Re leverages deep insurance experience and proprietary risk modeling capabilities to create tailored transactions that benefit both insurance companies and policyholders, while continuously seeking innovative solutions for the global insurance market.

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