Fortitude Re is a liability-led reinsurer of legacy insurance portfolios complemented by sophisticated investment capabilities. In 2016, AIG created a “Legacy” portfolio as a separate non-core segment representing insurance reserves associated with discontinued lines of commercial Property & Casualty and Life & Annuity insurance businesses. The following year, AIG formed a Bermuda-domiciled composite reinsurer, now Fortitude Re, to house the Legacy portfolio in a separate, distinct, well-capitalized balance sheet with a dedicated management team. In 2018, the company entered into a series of L&A and P&C reinsurance transactions with AIG and received an initial capitalization of ~$3 BN. The transactions represented ~$37 BN of reserves supported by ~$40 BN of invested assets. During this time, AIG also entered into a long-term partnership with The Carlyle Group, with Carlyle acquiring 19.9 % ownership. Then in 2019, The Carlyle Group and T&D announced acquisition of majority interest in Fortitude Re from AIG. This allowed for a new long-term shareholder base for the company while maintaining a strong capital position for supporting reinsurance obligations. Click here for more information about Fortitude Re.
Fortitude-Re, is conducting a search for experienced Treasury Implementation and Production support. Who will deliver high quality, reliable results working as a consultant on SAP S/4HANA Public Cloud version.
What you will do:
- Responsible for understanding of the business requirements and translate it into functional and technical specifications-
- Responsible for requirement gathering, design, build, test and deployment of S/4HANA Treasury solutions.
- Responsible for designing and deploying Cash Pooling and Netting Solution and Central Payment Factory
- Designing and deploying solutions for various payments channels such as SWIFT and Host to Host Payments
- Ensure designing and deploying reporting solution in Treasury function for limit utilization reporting, facility utilization reporting and exposure reporting
- Understand dependency between SAP Treasury Solution and Integration with other SAP modules i.e., SAP Finance and Controlling and external applications such as SWIFT Service Bureau / SWIFT Network and Trade Finance solution.-
- Strong business process knowledge in Treasury function where the functional organization is divided into Front-Office, Middle-Office, and Back Office.
- Continuous improvement and familiarization with SAP bi-annual releases and new functionality looking to identify new solutions that will add value to the business and their processes.-
- Able to work with key business users and address production support issue on priority basis
What you will have:
- Minimum 8+ Years of experience in SAP Finance and Controlling-
- Expertise in SAP S/4 Hana / Treasury with 2 end to end implementations and 1 AMS experience.-
- S/4 Hana Public Cloud Experience is preferred.-
- Need strong profile with SAP treasury experience for S/4HANA implementation project-
- Experience in end-to-end implementations of SAP Treasury Solution and integrate the same with SAP Finance ERP-
- The candidate should have expert functional and configuration knowledge in SAP S4 HANA solutions related to SAP Treasury and Risk Management (TRM), In-House Cash (IHC), Bank Communication Management (BCM) and Cash Management (CM), Bank communication management, Payments and Bank Communication, Advanced Payment management.-
- Experience in designing and deploying Transaction Manager (incl. Money Market, Facilities and Loans, FX, Derivatives, Trade Finance -Letters of Credit, Bank Guarantees), Risk Analyzer (Credit Risk Analyzer and Market Risk Analyzer), Exposure Management and Hedge Management.-
- Experience in S/4HANA Treasury Fiori Apps-
- Exceptional communication skills both oral and written.-
- Exposure to cloud data services (AWS, Azure)
- Bachelor’s degree in Finance preferred
The base salary range for this role is $125,000-$154,000 and 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.
It has been and will continue to be the policy of Fortitude Group Holdings, LLC, its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.
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.
Other details
- Job Family IT – Information Technology
- Job Function AVP
- Pay Type Salary
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