Valuation and Approved Actuary

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.

 Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic, is looking for a Principal, Valuation and Approved Actuary to join the Bermuda Actuarial team. This role will be based in our Hamilton, Bermuda office and will lead the Economic Balance Sheet (EBS) valuation process and BSCR determination. 

Key Duties and Responsibilities

• Lead the EBS Valuation team in producing Best Estimate Liabilities (BEL) and support Bermuda Solvency Capital Requirement (BSCR) determination for all offshore entities.
• Serve as Approved Actuary and Head of EBS Valuation team.
• Partner closely with the Bermuda Embedded Value team on the production, analysis, and sensitivity testing of EV runs.
• Analyze and explain movements in BSCR and EV to management, translating technical results into clear, decision-useful insight.
• Deepen and enhance detailed analysis of valuation and capital results to support capital management and other strategic management decisions, going beyond standard reporting to surface trends, risks, and opportunities.
• Support Risk and other teams in calculating BSCR and other capital metrics under internal and external stress scenarios.
• Lead and mentor a high-performing EBS Valuation team, building actuarial talent through coaching, development, and strong technical leadership.
• Champion continuous improvement and the adoption of new technology across valuation and reporting processes, leading BEL valuation automation and driving efficiency gains across the wider EBS Valuation and EV workflows.
• Provide thought leadership to the Bermuda actuarial team and insights for management action related to the EBS framework and broader capital/value metrics.
• Support audit, regulatory requests, and other ad-hoc requests pertaining to BEL/BSCR and EV.
• Support onboarding of new deals assumed by the Bermuda-based entities.
• Act as liaison between the Bermuda Actuarial valuation team and the onshore Actuarial valuation team.

Minimum Qualifications and Experience

• 12+ years’ experience in the (re)insurance industry.
• FSA (or equivalent).
• Life and Annuity experience strongly preferred.
• Experience with Bermuda EBS framework.
• Knowledge of US GAAP and US Stat relating to life and/or annuities preferred, but not required.
• Strong technical and communication skills.
• Strong Excel knowledge (Power Query is a plus).
• Strong leadership skills.

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.