at KKR
Private EquityPosted 4 days ago
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**Principal, Valuation and Approved Actuary** at Global Atlantic leads Economic Balance Sheet (EBS) valuation, BSCR determination, and mentors Bermuda Actuarial team. Duties require 12+ years' (re)insurance experience, FSA certification, life/annuity knowledge, Bermuda EBS framework understanding, and strong technical, leadership, and Excel skills.
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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.
Job Title: Principal, Valuation and Approved Actuary
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.
Global Atlantic, is looking for a Principal, Valuation and Approved Actuary to join the Bermuda Actuarial team. This role will be based in our Hamilton, Bermuda office and will lead the Economic Balance Sheet (EBS) valuation process and BSCR determination.
Key Duties and Responsibilities
- Lead the EBS Valuation team in producing Best Estimate Liabilities (BEL) and support Bermuda Solvency Capital requirement (BSCR) determination for all offshore entities.
- Serve as Approved Actuary and Head of EBS Valuation team
- Lead BEL valuation automation and process improvement.
- Analyze and explain movements in BEL to management.
- Support Risk and other teams in calculating the BSCR and other capital metrics under internal and external stress scenarios.
- Provide thought leadership to the Bermuda actuarial team and insights for management action related to EBS framework.
- Support audit, regulatory requests, and other ad-hoc requests pertaining to BEL/BSCR.
- Support onboarding of new deals assumed by the Bermuda-based entities.
- Collaborate with the Bermuda modeling team and Bermuda Embedded Value valuation team.
- Liaison of Bermuda Actuarial valuation team and onshore Actuarial valuation team.
- Manage the Bermuda EBS Valuation team and mentor other actuaries.
Minimum Qualifications and Experience
- 12+ years experience in the (re)insurance industry.
- FSA (or equivalent).
- Life and Annuity experience strongly preferred.
- Experience with Bermuda EBS framework.
- Knowledge of US GAAP and US Stat relating to life and/or annuities preferred, but not required.
- Strong technical and communication skills.
- Strong Excel knowledge (Power Query is a plus).
- Strong leadership skills.
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.
