Internal Audit Lead - Insurance

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.

KKR is seeking to fill a full-time position for its best-in-class Internal Audit Department. The Internal Audit Department is responsible for providing global oversight of the KKR brand across all business lines, support functions, and regions. Internal Audit partners with key internal and external stakeholders to provide independent, objective assurance and consulting services designed to add value, protect the firm, and improve the efficiency and effectiveness of KKR's internal control environment and operational processes. A successful candidate will have the ability to lead audit projects, assess risk, determine root causes, recommend solutions, and build strong relationships across all levels of seniority within the firm. Serving as an internal consultant, this role provides frequent exposure to senior business leaders and the opportunity to drive impactful change throughout all areas of the firm. The position is based in the Boston office and includes leadership of a team of 4 individuals.

Responsibilities

• Leading the insurance internal audit practice and overseeing execution of the insurance internal audit plan
• Managing a team of 4 audit professionals focused on insurance operations and compliance
• Overseeing Internal Audit projects and reporting into Managers located in New York
• Managing audit-based aspects of U.S. insurance regulatory regimes, including state insurance departments, NAIC requirements, and federal oversight bodies
• Helping drive the strategic direction and tactical execution of the risk-based Internal Audit Plan and risk assessment process
• Executing internal audits by identifying and assessing the relevant financial, operational, legal/regulatory, and IT risks—including testing the design and effectiveness of mitigating controls
• Collaborating on consulting engagements and special projects/analyses requested ad-hoc by Management
• Developing process narratives, audit programs, and test procedures for assigned projects
• Partnering with firm management to develop and implement corrective action plans in response to Internal Audit recommendations, best practices, and/or process improvements
• Preparing audit reports and presenting recommended enhancements to Management
• Maintaining awareness and knowledge of regulations in the insurance industry, general accounting principles, internal audit best practices, and best practices common in our businesses
  
  

Qualifications

• Bachelor's degree from an accredited four-year university
• 10 years of working experience (experience at a Big 4 accounting or financial services firm is a strong plus)
• Knowledgeable in insurance processes/risk (underwriting, claims, reserving, reinsurance, actuarial, investment management, etc.)
• Relevant experience with insurance regulatory compliance and reporting requirements
• Motivated self-starter who works well individually and in teams; Superior written and verbal communication skills; Able to provide professional skepticism with an inquisitive frame of mind
• Professional certifications are a merit (e.g., CIA, CPA, CPCU, CLU, or other insurance designations)
• Proficiency in Microsoft Office software (i.e., Excel, Word, PowerPoint)
  
  

This is the expected annual base salary range for this Boston-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

$170,000—$215,000 USD

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.