- Location
- Nashville · US-Nashville
- Workplace
- Hybrid
- Department
- Operations
- Seniority
- VP
- Experience
- 20+ years
- Education
- Bachelor
- Source
- CareerPuck
Description
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 analytical skills, including vendor performance reporting, KPI/KRI tracking, and spend analysis.
- Proficiency in contract management systems and Microsoft Office; Coupa experience preferred.
#LI-Hybrid
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.
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.
Check us out on YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes. For more on how we handle your personal data, please review our Applicant Privacy Notice. Concerned about recruitment fraud? Learn how to verify Fortitude Re's recruitment process: Recruitment Fraud Notice
