What are the responsibilities and job description for the Actuarial Associate, Insurance Risk Modeling position at KKR?
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. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
The Actuarial Associate, Insurance Risk Modelling is instrumental in developing insurance liability models used in pricing, valuation, hedging and ALM.
Responsibilities
This is the expected annual base salary range for this New York-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 $120,000 - $130,000
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.
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. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
The Actuarial Associate, Insurance Risk Modelling is instrumental in developing insurance liability models used in pricing, valuation, hedging and ALM.
Responsibilities
- Develop insurance liability models in GA Risk’s liability modelling platform.
- Communicate findings and implications to Risk’s management team and other stakeholders
- Help onboard various Institutional transactions onto our Risk platform.
- Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks.
- Support new product launches and ensure the risk models are up to date with regular rate changes, new product features.
- Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
- Assist in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices.
- Bachelor's Degree in a quantitative discipline required.
- 5 years in a diversified life and annuity/financial or actuarial consulting firm.
- Professional designation in financial risk management, such as FSA/ASA or CFA preferred.
- 5 years of experience in insurance models with proven track records of modelling complicated insurance products.
- Knowledge of insurance products (both life and annuities) preferred.
- Previous experience in hedging or ALM preferred.
- Python programming skills are highly desired.
- Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
This is the expected annual base salary range for this New York-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 $120,000 - $130,000
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.
Salary : $120,000 - $130,000