AVP, Investment Operations

Careers at KKR•Boston, MA

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. TEAM OVERVIEW KKR’s Private Credit (PC) Operations is a global team that supports a broad range of operational functions across the asset management and insurance business segments. Comprised of over 30 professionals, we work closely with deal teams, legal, tax, finance, treasury, and other internal groups to manage various responsibilities related to both pre- and post-close activities. These activities span across KKR’s Direct Lending, Junior Debt, Transportation, Real Estate, and other strategic investment platforms. PC Operations is part of the larger Enterprise Investment Operations organization, ensuring seamless integration across multiple business units. POSITION SUMMARY KKR seeks to recruit an Assistant Vice President overseeing the Investment Operations teams that support KKR Insurance’s $80B real estate portfolio, which includes commercial mortgages, residential mortgages, commercial real estate equity, and residential equity. The ideal candidate will excel at multi-tasking under pressure with minimal supervision.

Requirements

6-10 years' experience in general investment operations, ideally in a middle office or other transaction-facing role
Prior experience in private credit or equity deal funding
Knowledge of credit investments, particularly bank loans or real estate
Strong organizational, analytical, and problem-solving skills
High level of attention to detail
Excellent verbal and written communication skills
Ability to multi-task, and oversee a high volume of work
Strong work ethic with the ability to quickly grasp key concepts

Responsibilities

Oversee Sr. analysts and analysts responsible for asset set up for new securities and structured transactions – coordinate with Portfolio Management team to (ii) understand new structures and (ii) build-out infrastructure to support new structures in KKR’s Investment Management Platforms (LMS, Geneva, etc)
Set up SPVs to hold assets and facilitate internal securitization of asset cashflows.
Inclusive of settlement of loans/assets, onward participation of loans/assets across KKR Portfolios – coordination with Legal and custody banks.
Oversee Sr. analysts and analysts responsible for funding and settlement of all deal flow.
Oversee Sr. analysts and analysts responsible for ongoing asset lifecycle management (Principal and Interest Remittances, Pay-downs, Pay-offs, coupon updates, factor updates, etc.)
Review cash and asset movement across KKR custody and trust banks and accounts related to Investment Activity (trades, transfers, etc.)
Interface and manage the relationship with third party servicers (loan servicers, asset managers, Federal Home Loan Banks, Custodian Banks, etc.)
Coordinate above activities with Investment Accounting, Investment Controls, Risk, Asset Allocation, Investment Origination , etc. – inclusive of interfaces with ancillary platforms/systems
Identify processes enhancements and develop an implementation program.
Supervision, train, and mentor direct FTEs supporting the above