Vice President, Investment Accounting

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 SUMMARY

KKR Insurance is seeking a candidate to support reinsurance and statutory investment accounting and reporting for assets ceded to internal and external reinsurers, prepare analysis to support audited financials, and support the implementation of new deals. This position will also support cross functional initiatives related to process enhancements and redesign related to achieving concurrent and consistent delivery of investment results across multiple basis. The role will offer exposure to multiple levels of management and GA functions, including Finance / Controllers, IT, Bermuda Finance and Investment Operations. This individual will support the management of a team of investment accounting professionals at various levels, supporting the reinsurance and statutory investment areas within investment accounting and will be required to bridge the operations and the accounting for investment activity to support the accounting and reporting. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

RESPONSIBILITIES

Leadership and Oversight

Support the management of a team of investment accounting professionals responsible for reinsurance and statutory investment accounting functions.

Provide mentorship and guidance to team members, fostering a culture of accountability, continuous improvement, and excellence.

Operational

Oversee quarterly Risk Based Capital charges and coordination with the statutory accounting finance team to ensure appropriate RBC calculations

Ensure timely and accurate statutory financial statement reporting

Execute and review quarter-end close procedures, including analytical reviews of investment balances, validation of investment income, B36 calculations, and statutory impairment assessments

Support accounting and capital conclusions related to new investments.

Perform ad hoc analyses and assist with special projects as needed.

Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.

Cross-Functional Collaboration

Act as a liaison between Investment Accounting Investment Operations and Deal teams to ensure proper instruction and accounting for complex investment transactions (e.g., asset categorization, capital impact, and income recognition).

Partner with Bermuda Finance teams, to ensure appropriate quarterly reporting.

Engage in NAIC/ACLI discussions relating to proposals related to investments

Coordinate with third-party service providers and internal stakeholders to ensure timely processing and accurate recognition of investment-related transactions.

Process Improvement and Transformation

Drive initiatives aimed at enhancing investment accounting processes, data consistency, and operational efficiency across multiple accounting bases.

Support transformation projects to streamline investment data management, reconciliation, and reporting processes within investment accounting.

Contribute to the design and implementation of scalable solutions that improve the concurrent delivery of GAAP and STAT investment results.

QUALIFICATIONS

Bachelor’s in accounting or finance; CPA

9+ years of relevant experience

Strong technical accounting skills and knowledge of U.S. GAAP and statutory accounting principles

Familiarity with complex transactions, including reinsurance

Knowledge of SOX controls and public company experience

Proven ability to successfully manage close processes across multiple teams with timely and accurate delivery of financial results

Strong analytical skills, ability to analyze financial results.

Strong ability to effectively communicate complex accounting to different stakeholders in the organization at all levels through written, verbal and interpersonal skills

Excellent computer skills, including MS Excel, Peoplesoft platforms, data warehouse a plus

Strong focus on process improvement and automation

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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 dis…