About the Role
As an Actuarial Associate on GA Risk's modelling team, you'll develop and enhance insurance liability models that drive key business decisions in pricing, valuation, risk hedging, and balance sheet management. You will own models end-to-end, see your work shape live decisions, and explore and integrate AI into your daily work.
Responsibilities
- Develop and enhance insurance liability models in KKR Insurance Risk's liability modeling platform.
- Perform liability stresses under multiple lenses (GAAP / Stat / Econ / Bermuda), building a deep understanding of both actuarial and market risk.
- Onboard institutional transactions onto the Risk platform.
- Support new product launches and keep risk models current with rate changes and new product features.
- Run validation and control reviews of actuarial and financial models, including critical assessment of the methodologies and assumptions behind them.
- Build quantitative models and analytical tools that empower Risk to provide constructive challenges to current risk management, modeling, and pricing practices.
- Communicate findings and their implications clearly to Risk's leadership and business stakeholders.
Requirements
- Bachelor's degree in quantitative disciplines.
- 4 to 5+ years in a diversified life and annuity / financial or actuarial consulting environment.
- 4 to 5+ years modeling insurance products, with a proven track record on complex products, ideally with MG-ALFA/Pathwise/PolySystem experiences.
- Clear, compelling communication skills, especially when translating technical concepts for both technical and non-technical audiences.
- This role is not eligible for visa sponsorship now or in the future.
Skills
- AI integration
- Quantitative modeling
- Risk management
- Pricing
- Python skills
Location
- New York
Work Type
- Onsite
Experience Level
- 4-5+ years
Education Level
- Bachelor's degree in quantitative disciplines
- FSA / ASA or CFA (Nice to have)
Salary/Compensations
- $120,000 - $130,000
Benefits
- Discretionary bonus based on performance
About the Company
- 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.
Equal Opportunity
- 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.
- KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws.
- Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
