Appointed Actuary

Careers at KKR•New York, NY

7d•Hybrid

About The Position

KKR is seeking an experienced Regulated Financial Reporting Actuary to serve as the statutory actuary for our insurance entities. This role will be responsible for providing actuarial opinions on reserves, ensuring regulatory compliance, and supporting strategic decision-making across KKR's insurance platform. The Regulated Financial Reporting Actuary will work closely with investment teams, risk management, finance, and external regulators to maintain the financial integrity and solvency of our insurance operations.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related quantitative field
Fellow of the Society of Actuaries (FSA) required
Member in good standing of the American Academy of Actuaries (MAAA)
Must meet qualification standards to sign Statements of Actuarial Opinion under NAIC regulations
Minimum 10+ years of actuarial experience in life insurance
5+ years of experience in a reserve analysis or Regulated Financial Reporting Actuary role
Prior experience serving as Regulated Financial Reporting Actuary or Qualified Actuary for insurance entities strongly preferred
Experience with insurance regulatory examinations and interactions with state insurance departments
Deep expertise in actuarial reserving methodologies, including statutory reserving methodologies for life and annuity
Experience with reinsurance structures and financial modeling
Strong understanding of statutory accounting principles (SAP) and GAAP
Knowledge of insurance regulatory frameworks and solvency requirements (RBC, ORSA)
Exceptional analytical and problem-solving skills with attention to detail
Strong written and verbal communication skills; ability to explain technical concepts to diverse audiences
Sound professional judgment and ability to work independently
High ethical standards and commitment to actuarial professionalism
Ability to manage multiple priorities and meet regulatory deadlines

Nice To Haves

Background in insurance M&A, reinsurance, or alternative risk transfer is a plus
Proficiency with data analytics tools (SQL, R, Python)
Experience in private equity-owned or alternative capital insurance platforms
Familiarity with run-off insurance operations or legacy liability portfolios
Knowledge of international insurance regulations (e.g., Solvency II, Bermuda regulatory framework)

Responsibilities

Serve as the Regulated Financial Reporting Actuary for designated insurance entities in accordance with state insurance regulations
Prepare and sign the annual Statement of Actuarial Opinion (SAO) on reserves
Complete the Actuarial Opinion Summary (AOS) and supporting documentation for statutory filings
Ensure compliance with National Association of Insurance Commissioners (NAIC) requirements and applicable state insurance laws
Coordinate with external auditors and regulatory examiners during reviews and examinations
Oversee the development, review, and certification of reserves
Evaluate reserve adequacy using multiple actuarial methodologies and perform sensitivity analyses
Assess the reasonableness of assumptions underlying reserve estimates
Monitor emerging trends and their impact on reserve positions
Review and opine on reserves for acquisitions, reinsurance transactions, and new business initiatives
Provide actuarial expertise to support underwriting strategy, pricing, and portfolio management decisions
Collaborate with investment teams on insurance M&A transactions and due diligence
Assess capital adequacy and solvency positions under various stress scenarios
Support enterprise risk management initiatives and ORSA (Own Risk and Solvency Assessment) processes
Advise senior leadership on actuarial implications of strategic initiatives, while staying ahead of emerging regulatory changes and leading their implementation across the platform
Present reserve analyses and actuarial findings to senior management, Board committees, and regulators
Prepare technical memoranda documenting actuarial methods, assumptions, and conclusions
Communicate complex actuarial concepts to non-technical stakeholders
Maintain comprehensive actuarial files and documentation in accordance with professional standards