Associate, Insurance Risk

Careers at KKR • New York, NY

2d • $130,000 - $140,000 • Onsite

About The Position

The Actuarial Associate, Insurance Risk Modelling plays a key role in developing, maintaining, and validating insurance liability models that support pricing, valuation, hedging, and asset-liability management (ALM). The role involves building and enhancing models within the firm’s risk platform, conducting stress testing across regulatory and economic frameworks, and keeping models aligned with evolving product features and assumptions. The associate works with risk management and business stakeholders to communicate findings, support transaction onboarding, and develop analytical tools that strengthen risk oversight and challenge existing modeling and pricing practices.

Requirements

• Bachelor's degree in a quantitative discipline.
• At least 5 years of experience in a diversified life and annuity/financial or actuarial consulting firm.
• At least 5 years of experience with insurance models and a proven track record modeling complicated insurance products.
• Strong verbal and written communication skills, including the ability to explain technical concepts compellingly to technical and non-technical audiences.

Nice To Haves

• Professional designation in financial risk management, such as FSA/ASA or CFA.
• Knowledge of life and annuity insurance products.
• Previous experience in hedging or asset-liability management (ALM).
• Python programming skills.

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 Institutional transactions onto the Risk platform.
• Perform liability stress testing under GAAP, Stat, Economic, and Bermuda frameworks, and understand actuarial and market risks.
• Support new product launches and keep risk models up to date with rate changes and new product features.
• Perform validation and control reviews of actuarial and financial models, including assessments of their methodologies and assumptions.
• Assist in developing and using quantitative models and analytical tools that enable the Risk function to provide constructive challenge to current risk management, modeling, and pricing practices.

Benefits

• Employees may be eligible for a discretionary bonus based on factors such as individual and team performance.
• Reasonable accommodations are available as required by applicable federal, state, and/or local laws.

What This Job Offers

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