[Hiring] VP, Accounting Policy @Fortitude Re

Role Description

The VP, Accounting Policy serves as the firm-wide subject matter expert on technical accounting policy for complex reinsurance transactions, with accountability across U.S. GAAP, U.S. Statutory, and Bermuda statutory reporting frameworks. This role partners closely with actuarial, tax, legal, investments, and financial reporting teams to evaluate, structure, and account for new transactions, ensuring accounting outcomes are technically sound, well-documented, and defensible.

The role requires deep expertise in insurance and reinsurance accounting (ASC 944), understanding of how investment portfolios support insurance liabilities, and the ability to exercise professional judgment on complex and evolving issues. The VP, Accounting Policy reports to the SVP, Head of Accounting Policy.

What You Will Do:

• Serve as the technical specialist for complex reinsurance transactions and policy interpretations, with specific expertise in ASC 944, Financial Services – Insurance.
• Research, interpret, and establish accounting policies for complex reinsurance structures and emerging transactions, ensuring consistency, accuracy, and audit defensibility.
• In close collaboration with actuarial, tax, and financial reporting teams, research, analyze, and prepare accounting policies in relation to U.S. GAAP, SEC, U.S. Statutory and Bermuda statutory and Economic Balance Sheet (EBS) accounting and reporting guidance relevant to reinsurance, insurance and other emerging issues.
• Provide technical accounting guidance that informs transaction structuring and execution.
• Monitor, analyze, and document developments (including new standards) from the FASB, SEC, NAIC and BMA that could impact the Company’s accounting policies, practices, and disclosures.
• Lead the design and documentation of financial processes and controls to promote compliance with the Company’s internal control program, with a specific focus on technical accounting matters.
• Act as a trusted advisor to internal stakeholders, providing timely guidance on accounting policy implications to support corporate development and strategic initiatives, including but not limited to reinsurance transactions.
• Provide coaching, training, and technical guidance to accounting and finance team members as needed.
• Support additional accounting policy initiatives and responsibilities as assigned.

Qualifications

• Bachelor’s Degree in accounting, finance or related discipline.
• CPA, CA, or equivalent internationally recognized accounting designation.
• 8 + years of progressive experience working within audit, within re/insurance or financial services; Big 4 experience strongly preferred.
• Experience in US GAAP, SEC reporting - required.
• Experience with US STAT (NAIC) or financial reporting overseen by the Bermuda Monetary Authority (BMA) - preferred.
• Experience with long duration reinsurance accounting (ASC 944), along with general understanding of interaction between reinsurance liabilities and related portfolio assets.
• Hands-on experience with complex reinsurance structures, including the related accounting implications of coinsurance, funds withheld and modified coinsurance structures.
• Demonstrated ability to exercise sound professional judgment on complex accounting matters and communicate conclusions clearly to senior stakeholders.
• Proven ability to collaborate effectively with different teams, including actuarial (pricing, valuation), tax, and legal. Experience advising senior leaders and influencing cross-functional outcomes.
• Strong written and verbal communication skills, with the ability to translate technical concepts into clear, actionable guidance.
• Ability to manage multiple priorities in a fast-paced environment while maintaining high standards of quality and accuracy.
• Strong analytical judgement with the ability to synthesize complex issues into clear, defensible conclusions.
• Supports our core values by communicating and teaming effectively across different cultures and levels within the organization.

Company 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.