STAGE (stage.in)
Actuarial Associate, Insurance Risk Modeling
New York, New York, United States
H1B sponsorship available$120k-$130kDetected 23 days ago
PythonFinancial ModelingValuationLoad TestingCommunicationGAAPActuarial ScienceRisk Modeling
About the role
- 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's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group.
Responsibilities
- Develop insurance liability models in GA Risk's liability modelling platform.
- Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks.
- Support new product launches and ensure the risk models are up to date with regular rate changes, new product features.
- Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
- KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.
- The Actuarial Associate, Insurance Risk Modelling plays a key role in the development, maintenance, and validation of insurance liability models that support pricing, valuation, hedging, and asset-liability management (ALM).
Requirements
- Bachelor's Degree in a quantitative discipline required.
- 5+ years in a diversified life and annuity/financial or actuarial consulting firm.
- 5+ years of experience in insurance models with proven track records of modelling complicated insurance products.
- KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws.
- Professional designation in financial risk management, such as FSA/ASA or CFA preferred.
- Python programming skills are highly desired.
- Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
- This role is not eligible for visa sponsorship now or in the future.
- This is the expected annual base salary range for this New York-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 $120,000 - $130,000
- 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.
Nice to have
- Knowledge of insurance products (both life and annuities) preferred.
- Previous experience in hedging or ALM preferred.
Compensation
- Range $120,000 - $130,000
- KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws.
- Emails sent for unrelated issues, such as following up on an application, will not receive a response.
- 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.
Benefits
- You can request reasonable accommodations by sending an email to Benefits@kkr.com.
Equal opportunity
- KKR is an equal opportunity employer.
- Individuals seeking an accommodation for the application or interview process should email Benefits@kkr.com.
Visa & Work Authorization
- This role is not eligible for visa sponsorship now or in the future.
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