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Fortitude ReFR

VP, Derivatives Accounting

Fortitude Re is a Bermuda-based reinsurance company that provides services such as policy administration and claims handling for insurance companies, specializing in legacy Life & Annuity and P&C lines.

Fortitude Re

Employee count: 501-1000

Salary: 150k-200k USD

Bermuda only

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Fortitude Re is establishing a Center of Excellence (CoE) for derivative accounting expertise, governance, and reporting. The Vice President of Derivatives Accounting will lead the CoE, ensure accurate and timely processing of derivative transactions, and drive future automation and AI adoption.

Requirements

  • Bachelor's degree in Accounting, Finance, or related field (CPA strongly preferred)
  • 12+ years of accounting experience with a focus on derivatives and capital markets
  • Deep knowledge of multi-basis accounting and reporting (GAAP, STAT, Bermuda SFS, EBS)
  • Experience leading Clearwater Analytics operations
  • Strong technical expertise in valuation governance, including price validation, vendor comparisons, overrides, and stale price monitoring
  • Proven ability to manage cross-functional collaboration with Investments, Risk, Treasury, Actuarial, and Finance
  • Demonstrated leadership in SOX/internal controls design and compliance for derivatives accounting
  • Strong communication skills with experience presenting to executives, committees, auditors, regulators, and rating agencies
  • Track record of leading transformation initiatives, including automation, AI adoption, and process redesign
  • Experience building, leading, and mentoring high-performing teams
  • Strong analytical, problem-solving, and organizational skills with attention to detail

Benefits

  • Annual bonus based on company and individual performance
  • Generous benefits package

About the job

Apply before

Posted on

Job type

Full Time

Experience level

Executive

Salary

Salary: 150k-200k USD

Location requirements

Hiring timezones

Bermuda +/- 0 hours

About Fortitude Re

Learn more about Fortitude Re and their company culture.

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Fortitude Re is a leading global provider of bespoke reinsurance solutions, catering to the complex needs of the world's foremost insurance companies. Many insurers face significant challenges in managing their legacy Life & Annuity and Property & Casualty (P&C) lines. These legacy portfolios can tie up substantial capital and create long-term risk exposures that hinder growth and strategic flexibility. Fortitude Re was established to address these very issues, offering comprehensive and transformational solutions that allow our clients to free up capital, de-risk their balance sheets, and focus on their core business operations. Our customers, major multinational insurers, require a partner with deep expertise, significant financial strength, and a commitment to long-term policyholder protection. We meet this need by structuring customized transactions that are meticulously designed to manage the most complex legacy liabilities.

Our approach is built on a foundation of deep industry experience and sophisticated risk modeling capabilities. The leadership team at Fortitude Re possesses an average of over two decades in the insurance sector, with a proven track record of successfully navigating intricate market risks. This expertise, combined with the backing of world-class institutional investors like The Carlyle Group and T&D Insurance Group, provides us with a robust capital base and the unique ability to undertake large, complex deals. We understand that our clients' promises to their policyholders are paramount. Therefore, we embed a rigorous risk management ethos into every aspect of our operations, ensuring that we will be there to honor those commitments for the long haul. By partnering with Fortitude Re, insurance companies can confidently transfer their legacy risks, knowing they are supported by a financially strong and dedicated partner committed to providing best-in-class service and ensuring the financial security of their policyholders for decades to come.

Employee benefits

Learn about the employee benefits and perks provided at Fortitude Re.

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Unlimited PTO

Unlimited Paid Time Off policy.

Paid parental leave

Paid parental leave for new parents.

Paid volunteer time

Up to 16 hours per year of paid volunteer time.

Learning and Development Stipend

Stipend for learning and development opportunities.

View Fortitude Re's employee benefits
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Fortitude Re

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Fortitude Re hiring VP, Derivatives Accounting • Remote (Work from Home) | Himalayas