at KKR
Private EquityPosted 6 days ago
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**Associate, Valuation** Support valuation and financial reporting of Life Insurance blocks. Calculate US Statutory, Tax, and GAAP reserves. Analyze reserve movements and earnings, maintain controls, and collaborate with Modeling and IT teams. Kapital requirements include FSA designation (or career ASA), 5+ years actuarial experience, annuity US Statutory and GAAP knowledge. Strong communication and analytical skills needed. Senior-level role based on experience, located in Boston, MA or Hartford, CT. Base salary range $90,000 - $140,000.
- Compensation
- $90,000 – $140,000 USD
- City
- Boston
- Country
- United States
Currency: $ (USD)
Full Job Description
COMPANY OVERVIEW
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries.
POSITION SUMMARY
This position will support the valuation and financial reporting of the Life Insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. This role can be located in Boston, MA or Hartford, CT office.
RESPONSIBILITIES
Key responsibilities of the role include:
Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
Providing analysis, including reserve movement and sensitivities, for both Statutory and GAAP balances.
Analyzing and explaining the sources of earnings of the quarterly financial results.
Maintaining and improving various controls, including Sarbanes-Oxley (SOX).
Conducting annual impact testing for potential assumption changes.
Working with the Modeling team related to any necessary modeling updates.
Working with IT and data team on valuation system transformation.
Supporting audit and regulatory requests.
QUALIFICATIONS
FSA designation, close to attaining FSA, or career ASA.
5+ years of actuarial experience preferably with annuities.
Knowledge of annuity US Statutory and GAAP valuation is helpful.
Strong communication, technical, and analytical skills.
Takes personal accountability for the execution of goals and objectives.
Able to participate in the generation of new and unique ideas.
Has positive attitude necessary to be part of a strong performing team.
This is the expected annual base salary range for this Boston/Hartford-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Base Salary Range $90,000 - $140,000
To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email Benefits@kkr.com. Emails sent for unrelated issues, such as following up on an application, will not receive a response.
If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access https://www.kkr.com/careers because of your disability. You can request reasonable accommodations by sending an email to Benefits@kkr.com. Only emails left for this purpose will be returned.
Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. This notice applies only to applicants and employees who work or will work in Massachusetts, in accordance with applicable state law.
