Fortitude Re hiring Vice President, Business Transformation in Jersey City, New Jersey, United States | LinkedIn (2024)

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 $55 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 VP, Business Transformation will report directly to the SVP, Head of Transformation, evolving strategy around organization design and transformation in alignment with the growth objectives of the organization. This role will partner with leadership across Fortitude Re, primarily in non-Finance functions, to lead transformation initiatives through management of technology, process improvements, and organizational design. This role will be based in our Jersey City office on a hybrid basis.

What You Will Do:

• Work with the SVP, Head of Transformation, to determine the mandate and roadmap for this new team, including establishing key performance indicators to measure transformation success.
• Engage and work with cross-functional teams to identify process inefficiencies and design impactful solutions including systems development, process optimization and organizational change.
• Manage end to end project execution of key strategic change projects by managing strategies, implementation plans and delivery for transformation initiatives.
• Utilize and enhance existing change management framework to drive adoption of transformation initiatives, focusing on clear and transparent communication and ensuring stakeholders understand the value achieved through transformation initiatives.
• Work collaboratively across the other Transformation pillars (Finance and Data Science Transformation) to leverage specific capabilities across the team.
• Escalate key transformation execution risks, including identifying and executing mitigating actions.
• Recruit, manage and develop a high-performing transformation team that may include both internal and external team members. Set clear expectations for success, provide regular feedback, and foster a culture of empowerment.

What You Will Have:

• Bachelor's degree
• 10+ years of experience in managing transformation, change management, and strategic project management.
• Experience managing and designing solutions to complex transformational needs.
• Ability to analyze data sets and provide actionable insights.
• Possess excellent communications, interpersonal and collaboration skills.
• Ability to understand and manage stakeholders' expectations.

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

$190,000 — $230,000 USD

What We Offer:We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

• Unlimited PTO policy
• Up to 12 paid company holidays
• Up to 16 hours per year of paid volunteer time
• Competitive 401(k) plan - US Employees Only
• Paid parental leave
• Learning and Development Stipend
• Mental Health and Wellbeing support
• Health, vision, dental, and life insurance with additional access to health and wellness programs
• Flexible working environment
• Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
• Actuarial Program Rotation for ADP employees
• For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office

At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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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