The posting
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. Click here for more information about Fortitude Re.
Reporting to the AVP, Treasury Trust Account Management, the successful applicant will support the treasury team in a broad range of responsibilities to include portal administration, governance, and operational oversight of the company's global banking, collateral account infrastructure. The position will work closely with Treasury, Accounting, Investment Operations, New Business Integration, and external banking partners to support new transactions, legal entity onboarding, and ongoing account governance while ensuring compliance with internal policies and banking requirements.
This role will be based in our Jersey City, NJ office on a hybrid basis.
What You Will Do:
1. Treasury & Liquidity Management
- Support daily liquidity reporting, cash positioning, and evaluation/solutioning of shortfalls.
- Support short-term cash and investment portfolio reporting and cash flow forecasting; contribute to automation and continuous improvement of forecasting processes.
- Assist Treasury leadership across cash management, bank relationships, and short-term investments.
2. Account Management & Bank Administration
- Manage the full lifecycle of bank, custody, trust, and investment accounts (opening, maintenance, repurposing, closure).
- Perform bank account administration to support cash disbursements, intercompany transfers, and related data capture.
- Coordinate account setup with New Business Integration & Evaluation and other stakeholders for new transactions and business initiatives.
- Maintain a centralized inventory of active financial accounts.
- Ensure accounts are properly established and maintained within SAP and other internal systems.
3. Governance, Documentation & KYC
- Maintain and oversee Authorized Signer Lists (ASLs), signature cards, and related account governance documents.
- Coordinate signatory updates resulting from organizational changes, corporate actions, or regulatory requirements.
- Assist with KYC, AML, tax, and account documentation for new and existing accounts, including onboarding and periodic refresh activities for banking partners, custodians, and third-party capital structures.
- Maintain documentation supporting account openings/changes, payment authorities, user entitlements, internal controls, and audit requirements.
4. Treasury Operations & Payments
- Support treasury operations, including payment processing and cash reconciliations.
- Enter, review, and approve cash and securities transfer instructions through approved banking and custody platforms, ensuring appropriate approvals and documentation.
- Coordinate with Treasury, Accounting, and Investment Operations to facilitate timely settlement of cash and securities movements.
- Support global payment activities, including foreign currency transactions and international remittances.
5. Banking Relationship & Service Management
- Serve as the primary operational contact for banking, custody, and trust account administration matters.
- Coordinate with Investment Operations and banking partners to resolve service, reporting, and operational issues.
- Review and validate bank invoices, custody fees, and service charges to ensure costs are reasonable and aligned with contractual arrangements.
- Partner with banking providers to improve operational efficiency, reporting capabilities, and service delivery.
6. Global Banking & Access Management
- Maintain an understanding of international custody, settlement, and banking requirements across key markets.
- Coordinate account and market access requirements necessary to support global investment and treasury activities.
- Ensure appropriate users maintain required online banking, custody, and reporting platform access.
- Perform periodic reviews of user entitlements and system access to support internal control requirements.
- Coordinate onboarding and removal of user access in accordance with company policy and segregation-of-duties requirements.
7. Risk & Controls
- Assist the treasury team with risk and control assessments and implement improvements as identified.
- Ensure processes comply with requisite internal controls, policies, and regulatory.
What You Will Have:
- Bachelor’s degree in finance, Accounting, Business Administration, Economics, or related field.
- 2+ years of treasury operations, banking operations, cash management, trust operations, custody operations, accounting, or related financial services experience.
- Experience opening and maintaining operating and custody accounts.
- Familiarity with banking documentation, KYC/AML requirements, authorized signer governance, and account administration processes.
- Highly motivated and results-oriented.
- Strong verbal and written communication skills.
- Be detail oriented and highly organized.
- Experience within insurance, reinsurance, asset management, or financial services organizations preferred.
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. 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.
Base Salary Range
$100,000—$110,000 USD
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
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