Investments Intern
Summary
Intern in Fortitude Re’s investment team, building Python/SQL models to analyze reinsurance assets, cashflows, and risk metrics for legacy insurance portfolios.
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.
Be a part of our Winter Internship Program running from October to December, where you will have the opportunity to apply knowledge gained through your college courses. Becoming an Investments Intern is a great way to enhance your business acumen and gain insight into our industry. Interns are placed into meaningful roles that have an immediate and integral impact on the business. This internship is based in our Jersey City office.
What You Will Do:
- Support the calculation of cashflows, risk metrics, and other analytics for structured and other investment assets.
- Assist in developing quantitative tools and models to evaluate new and existing investment opportunities.
- Collaborate with Investment Managers and internal teams to support investment recommendations and portfolio strategies.
- Participate in due diligence on potential asset acquisitions and assist in developing related asset strategies.
- Support onboarding of new reinsurance deals and asset managers, including portfolio setup and data validation.
- Provide operational support for portfolios, including reconciliations and transaction monitoring.
- Assist in preparing compliance and performance reports to ensure adherence to investment guidelines.
- Review and maintain data quality across investment systems, researching and resolving discrepancies as needed.
- Help prepare presentation materials summarizing investment performance, risk, and strategy for senior management.
- Contribute to automated reporting processes that track portfolio positions, activity, risk, and compliance.
- Help develop and enhance automated dashboards and data tools for investment analysis and reporting.
What You Will Have:
- Rising senior pursuing a bachelor’s or master’s degree in finance, economics, computer science or investments.
- A willingness to work towards CFA designation is preferred.
- Relevant work experience for master’s candidates.
- Proficiency in Python and SQL is required.
- Strong analytical capabilities.
- Advanced Excel skills are required.
- Familiarity with more sophisticated data science techniques (SQL, R, Python, MatLab) and experience with Bloomberg is a plus.
- Very strong written, verbal, and interpersonal communications skills to clearly articulate sophisticated concepts, ideas and processes.
- Presence and credibility to present effectively to key senior management.
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.
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