Director, Regulatory Financial Reporting Actuary

Director, Regulatory Financial Reporting Actuary

Boston;
Des Moines;
New York, New York, United States

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.

KKR is seeking an experienced Regulatory Financial Reporting Actuary to lead regulatory communications for our insurance entities and serve as the Appointed Actuary for several legal entities. This role will be responsible for supporting reserving and capital strategy, ensuring regulatory compliance, and developing industry relationships in the regulatory space across KKR's insurance platform. The Regulatory Financial Reporting Actuary will work closely with investment teams, risk management, finance, and external regulators to maintain the financial integrity and solvency of our insurance operations.

Regulatory & Compliance

• Serve as the Appointed Regulatory Financial Reporting Actuary for designated insurance entities in accordance with state insurance regulations
• Oversee the completion of the annual Statement of Actuarial Opinion (SAO) on reserves and related regulatory filings
• Ensure compliance with National Association of Insurance Commissioners (NAIC) requirements and applicable state insurance laws
• Coordinate with external auditors and regulatory examiners during reviews and examinations

Reserve Analysis & Valuation

• Oversee the development, review, and certification of reserves
• Evaluate reserve adequacy using multiple actuarial methodologies and perform sensitivity analyses
• Assess the reasonableness of assumptions underlying reserve estimates
• Monitor emerging trends and their impact on reserve and regulatory capital positions
• Review and opine on reserves and regulatory capital for acquisitions, reinsurance transactions, and new business initiatives

Strategic Support & Risk Management

• Provide actuarial expertise to support underwriting strategy, pricing, and portfolio management decisions
• Collaborate with investment teams on insurance M&A transactions and due diligence
• Assess capital adequacy and solvency positions under various stress scenarios
• Support enterprise risk management initiatives and ORSA (Own Risk and Solvency Assessment) processes
• Advise senior leadership on actuarial implications of strategic initiatives, while staying ahead of emerging regulatory changes and leading their implementation across the platform

Reporting & Communication

• Present reserve analyses and actuarial findings to senior management, Board committees, and regulators
• Prepare technical memoranda documenting actuarial methods, assumptions, and conclusions
• Communicate complex actuarial concepts to non-technical stakeholders
• Maintain comprehensive actuarial files and documentation in accordance with professional standards

Education & Credentials

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related quantitative field
• Fellow of the Society of Actuaries (FSA) required
• Member in good standing of the American Academy of Actuaries (MAAA)
• Must meet qualification standards to sign Statements of Actuarial Opinion under NAIC regulations

Experience

• Minimum 10+ years of actuarial experience in life insurance
• 5+ years of experience in a financial reporting role managing other actuaries
• Prior experience serving as Valuation Actuary or Appointed Actuary strongly preferred
• Experience with insurance regulatory examinations and interactions with state insurance departments
• Background in insurance M&A, reinsurance, or alternative risk transfer is a plus

Technical Skills

• Deep expertise in…