Structured Finance Surveillance Associate

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 is seeking an Associate to oversee the surveillance of KKR Insurance's structured investments, including monitoring asset ratings, investment performance, deal activity, deal efficiency and market opportunities. The ideal candidate will independently analyze investment data, communicate insights effectively with key internal and external stakeholders, and formalize monitoring processes across the portfolio.

RESPONSIBILITIES

• Lead the rating surveillance process on all KKR Insurance–structured transactions (100% owned or syndicated): prepare rating agency packages (updated deal models inclusive of rating agency stress scenarios, latest investor reports, borrower financial statements and asset performance reports), coordinate stakeholder information requests from the agencies, keep performance and asset-level data current in the KKR Insurance Structuring folder, obtain updated underlying asset information in coordination with PM, KKR and TPA teams, roll forward transaction models in Intex or other Excel templates, and manage all rating agency requests and updates.
• Perform SPV asset management: monitor performance of key tests and triggers, and monitor rating actions on public issuance across sectors to stay ahead of potential assumption changes.
• Evaluate structural changes to optimize capital (NAIC and BMA) or protect against performance issues; coordinate any underlying document amendments with the transaction lead.
• Serve as the primary point of contact for TPAs (Goal, WTNA, Vistra, etc.) and finalize deal models on the Intex platform following handoff from the transaction lead.
• Perform monthly cashflow reconciliation, normalizing and analyzing inconsistencies, and complete income reconciliation for Ivy, Sidecar and other measures.
• Act as the primary point of contact for internal KKR Insurance teams (Analytics, Risk, Finance/Tax/Accounting) on portfolio matters (with oversight from transaction leads); answer transaction model questions and provide documentation and performance data as requested.
• Partner with the IPV / valuations team (including Lincoln) on pricing and cashflow support given the use of transaction models in the valuation process.