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…