Analyst/ Associate, KKR Insurance Solutions

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.

KKR Insurance Solutions delivers strategic portfolio solutions and actionable insights tailored to the needs of KKR’s prospective and existing insurance clients. The team partners with global insurers through a variety of engagements spanning across customized analyses and scalable thought leadership, helping them navigate the asset-liability management, accounting, and regulatory dynamics that are unique to insurance portfolios. By combining rigorous quantitative tools with deep subject-matter expertise, Insurance Solutions supports insurers in building robust and efficient portfolios aligned with their broader strategic objectives. In doing so, the team helps drive the commercial success of KKR’s platform with insurance companies while reinforcing KKR’s position as a trusted thought leader in the insurance sector.

Internally, Insurance Solutions serves as KKR’s insurance center of excellence globally. Partnering closely with Global Insurance Client Solutions, the team aims to deliver and continually enhance KKR’s investment platform for insurance clients. As part of the broader Portfolio Construction and Optimization function within Global Macro and Asset Allocation, the team leverages KKR’s firmwide investment expertise and asset allocation capabilities that support both the broader client base and the firm’s balance sheet. Insurance Solutions also works collaboratively with investment and product professionals across the KKR platform to design and implement investment solutions appropriate for insurance portfolios.

The Insurance Solutions team is looking for an exceptionally talented individual at the Analyst/ Associate level for this high-visibility role with the following responsibilities:

• Develop, maintain and enhance the core analytical capabilities of the Insurance Solutions team, such as optimization / projection engines, stress testing models, regulatory capital integration, liability modelling and associated assumption sets and documentation; leverage and integrate complementary insurance or investment modeling capabilities across KKR as appropriate
• Support and deliver high-impact client engagements with KKR’s global insurance partners across strategic asset allocation, relative value analysis, risk-based capital modeling, and scenario analysis – translating rigorous analytics into actionable recommendations that drive commercial outcomes
• Support business development and platform growth, including RFP responses, client pitches, senior-level discussions and bespoke portfolio analyses, positioning KKR’s capabilities in a commercially compelling and technically differentiated manner
• Analyze publicly available insurer portfolio data for peer analysis campaigns, competitive intelligence, prospecting, and other strategic research; contribute to and lead analysis and thought leadership leveraging this data; streamline and enhance related workflows
• Partner with investment teams on solutions design and product positioning for insurance investors, incorporating economic, risk-based capital, ALM, accounting, and regulatory considerations
• Proactively monitor relevant insurance and investment industry developments, and contribute to thought leadership for internal and external audiences
• Collaborate seamlessly across the KKR platform, engaging stakeholders of different backgrounds and seniorities to ensure alignment, execution excellence and sustained commercial success with insurance partners

• 2+ years of experience in asset / portfolio management, insurance investment strategy, or actuarial functions, ideally with direct experience related to insurance general account management and capital considerations
• Strong quantitative and financial modeling capabilities in Python and Excel; knowledge of SQL and experience working with large data sets and workflows automation a plus
• Solid understanding of asset-liability management principles, including liability cash flow considerations, surplus sensitivity, and accounting impacts on insurance portfolios
• Knowledge of market data and risk systems (Bloomberg, ICE, Factset, Pitchbook, Preqin, etc.) a plus
• Fundamental understanding of return drivers and risk factors across all asset classes relevant to insurance portfolios, including fixed income, equity, and real assets across public and private markets
• Experience translating analytical insights into actionable recommendations, including supporting client-facing engagements, RFPs, investment committees or other or commercial initiatives
• Sound judgement in balancing analytical rigor, practical investment considerations, and potentially limited available data to develop defensible models, assumptions, and conclusions
• Understanding of the ALM, regulatory, and accounting frameworks globally impacting insurance portfolio construction
• Strong interpersonal and partnership skills, including a desire and ability to engage and collaborate with a diverse set of stakeholders
• Clear and effective communication and presentation skills for both internal and external purposes to both technical and non-technical audiences
• Highly creative, autonomous and adaptive thinker that is comfortable operating in ambiguity and limited direction