Actuarial Associate, Insurance Risk Modeling

Careers at KKR • New York, NY

16h

About The Position

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.

Requirements

• Bachelor's Degree in a quantitative discipline required.
• 5+ years in a diversified life and annuity/financial or actuarial consulting firm.
• 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 role is not eligible for visa sponsorship now or in the future.

Nice To Haves

• Professional designation in financial risk management, such as FSA/ASA or CFA preferred.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level