[Remote] Assistant Vice President, Investment Accounting

Note: The job is a remote job and is open to candidates in USA. Fortitude Re is a leading provider of legacy reinsurance solutions for Life & Annuity and P&C insurance lines. The Assistant Vice President, Investment Accounting oversees investment data management, accounting, reporting, reconciliations, valuation governance, internal controls, and financial reporting across multiple accounting bases. The role serves as a senior technical leader, supports executives, auditors, and regulators, and guides accounting staff and offshore resources while driving process improvement and automation.

Responsibilities

• 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

Skills

• 8+ years of accounting experience with a focus on investments, including fixed income, derivatives, mortgage loans, alternatives and structured products
• 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
• 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
• Bachelor's degree in Accounting, Finance, or related field (CPA strongly preferred)
• Experience with Clearwater Analytics for investment portfolios; SAP and Palantir knowledge preferred
• Preferred (optional): Public accounting background or Big 4 experience with insurance/reinsurance or investment clients

Benefits

• All employees are eligible for an annual bonus based on company and individual performance
• A generous benefits package

Company Overview

Company H1B Sponsorship