Stage
Actuarial Analyst CFT Production
Salary
Job description
COMPANY OVERVIEW
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.
POSITION OVERVIEW:
This position, located in the Boston, MA office, will support the execution and testing of models, especially Cash Flow Testing (CFT) models for the Annuity, Life Insurance business. The candidate will work with the Model Production team to execute and test the Cash Flow Testing models, review and analyze results. The candidate will work closely with Model Development in testing models, and with Appointed Actuary and Cash Flow Testing team in producing quarterly Cash Flow Testing results.
RESPONSIBILITIES:
- Performing accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities. The responsibility includes, but not limited to, preparing all the input files, executing Cash Flow Testing Integrate runs, validating the Cash Flow Testing model input and output, and performing high level results analysis from model prod point of view
- ilding Cash Flow Testing production control process
- Maintaining evidence for SOX controls associated with the Cash Flow Testing production model runs
- Performing Cash Flow Testing model runs to test model updates implemented by the Model Development team.
- Performing Cash Flow Testing model runs to provide Cash Flow Testing team with Cash Flow Testing impacts from any model changes and supporting the review and approval of those changes if necessary
- Supporting audit and regulatory requests related to Cash Flow Testing Integrate runs.
- Supporting the Model Production team on other monthly/quarterly GAAP and STAT reporting deliverables, if necessary
QUALIFICATIONS
- Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance or other related fields
- 2+ SOA Exams passed
- 0-2years of actuarial experience in the life insurance and retirement industry
- Knowledge of life and annuity products, US Statutory and GAAP valuation is preferred
- Understanding of assets and ALM modeling is preferred.
- Experience with actuarial software, especially MG-ALFA, is helpful
- Familiarity with programming languages, mainly VBA and Python, but any programming is useful.
- Strong communication, technical, and analytical skills
- Takes personal accountability for the execution of goals and objectives.
- Able to participate in the generation of new and unique ideas.
- Has positive attitude necessary to be part of a strong performing team player.
This is the expected annual base salary range for this Boston-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Base Salary Range $60,000 - $114,600
“To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.”
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. Individuals seeking an accommodation for the application or interview process should email Benefits@kkr.com. Emails sent for unrelated issues, such as following up on an application, will not receive a response.
If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access https://www.kkr.com/careers because of your disability. You can request reasonable accommodations by sending an email to Benefits@kkr.com. Only emails left for this purpose will be returned.
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. This notice applies only to applicants and employees who work or will work in Massachusetts, in accordance with applicable state law.