Fortitude Re logo
Fortitude Re

Bermuda’s largest multi-line reinsurance company

Senior Associate, Mortgage Loan Accounting

Accounting ManagerAccounting ManagerFull TimeRemoteSeniorTeam 201-500H1B No SponsorCompany SiteLinkedIn

Location

United States

Posted

8 days ago

Salary

$100K - $120K / year

Seniority

Senior

Bachelor Degree5 yrs expEnglishTableau

Job Description

• Support the accounting close process, including preparation of journal entries and corresponding balance sheet reconciliations for both GAAP and STAT bases of accounting. • Perform detailed analytical review of investment income, yields, fair value changes, and realized/unrealized gains and losses. • Support quarterly and annual statutory and GAAP investment disclosures and footnotes. • Assist in implementation and onboarding of new investment portfolios related to block acquisitions. • Support regulatory filings and ad hoc requests related to Bermuda Monetary Authority (BMA) requirements. • Execution of internal control procedures over a diverse asset class mix including fixed income and equities, commercial mortgage loans, private equity, hedge funds, and real estate. • Provide detailed investments data for Economic Balance Sheet calculations and Bermuda reporting.  • Work with Fortitude Re’s investment accounting platform to ensure completeness and accuracy. • Monitor, research, and resolve issues related to investment suspense account balances. • Ensure compliance with SOX and internal control frameworks, including documentation and walkthrough support. • Identify control gaps and recommend enhancements to mitigate operational and financial reporting risk. • Perform variance analysis and investigative procedures on investment balances and income trends. • Liaise with internal and external audit teams in order to provide requested information and appropriate evidence of the operation of internal controls.  • Lead the private equity operations process, which includes extraction of relevant financial data from fund capital account statements, completion of system upload templates and related internal control procedures.  • Drive continuous improvement initiatives within the investment close cycle. • Participate in system enhancements, UAT testing, and automation implementation initiatives. • Develop and maintain desktop procedures and process documentation. • Leverage AI-enabled tools and advanced analytics to improve efficiency, accuracy, and scalability of securities accounting processes, including reconciliations, variance analysis, close activities, and reporting. • Foster a culture of accountability, quality, and continuous improvement aligned with Fortitude Re’s core values.

Job Requirements

  • Bachelor’s or Graduate degree in Accounting or Finance; CPA preferred.
  • Minimum of 5 years of relevant experience in the reinsurance industry or financial services.
  • Experience managing large volumes of data, with strong general ledger and/or analysis tool systems background.
  • Strong understanding of GAAP and STAT investment accounting principles.
  • Knowledge of fair value hierarchy, effective yield methodology, and alternative investment accounting.
  • Familiarity with reinsurance structures and investment implications preferred.
  • Experience with PowerQuery, Alteryx, Tableau or similar products desired.
  • Experience using Clearwater investment accounting platform desired.
  • Excellent communication, presentation, and interpersonal skills.
  • Proven ability to manage multiple deliverables and meet deadlines.
  • Proficient in Microsoft Office products, with strong proficient in Microsoft Excel.

Benefits

  • 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.

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