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.
The AVP, Procurement leads Fortitude Re's procurement, sourcing, and contract management activities to ensure efficient processes, effective vendor relationships, and compliance with company policies and regulatory requirements. This role oversees competitive bidding, contract review and negotiation, vendor performance reporting, and continuous process improvement. The AVP manages the Procurement and Contracting team, establishes contract standards, and partners with internal stakeholders to manage risk and support business objectives. This role reports to the VP, Sourcing and Procurement.
This role will be based in our Nashville, TN office on a hybrid basis.
What You Will Do:
Lead and develop the Procurement and Contracting team, establishing priorities, providing guidance, and overseeing performance.
Manage competitive sourcing activities, including RFI/RFP development, vendor evaluations, negotiations, and recommendations.
Oversee the contract lifecycle, including review, negotiation, execution, renewal, and compliance with company standards.
Establish contract review standards, and provide oversight of complex, high-risk, and non-standard agreements.
Partner with Legal, Finance, Third-Party Risk Management, and business stakeholders to address contractual, regulatory, and vendor risks.
Oversee contract documentation, repository management, and tracking of key contractual obligations and deadlines.
Manage sourcing operations, including vendor onboarding, purchase orders, contract pricing, savings tracking, and spend analysis.
Develop and maintain procurement policies, procedures, and training to promote consistency and operational efficiency.
Oversee vendor scorecards, performance metrics, and KPI/KRI reporting to identify risks and improvement opportunities.
Serve as the escalation point for complex procurement and contracting matters and lead related internal and regulatory audit activities.
Continuously evaluate existing processes for new efficiencies and enhancements.
What You Will Have:
Bachelor's degree in Business Administration, Law, or a related field.
7+ years of experience in procurement, contract negotiation, or contract management, including team leadership experience; insurance or reinsurance experience preferred.
Experience reviewing and negotiating complex agreements, establishing contract standards, and managing contractual risk.
Knowledge of contract law, regulatory requirements, and procurement best practices.
Strong leadership, communication, negotiation, and stakeholder management skills.
Experience developing procurement processes, managing vendor relationships, and driving operational improvements.
Strong…