Finance - Insurance Finance (Investment accounting) - Senior Manager at KKR
KKR · Gurugram, India · Onsite
- Professional
- Office in Gurugram
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 is the insurance business of KKR. It is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence.
KKR's Gurugram office provides best in class services and solutions to our internal stakeholders and clients, drive organization wide process efficiency and transformation, and reflect KKR's global culture and values of teamwork and innovation. The office contains multifunctional business capabilities and is integral in furthering the growth and transformation of KKR.
TEAM OVERVIEW
KKR Finance supports the strategic direction of the Firm by ensuring efficient and effective financial planning, analysis, budgeting, reporting, compliance, accounting, and stewardship of financial risks and controls. By doing so, the teams produce accurate financial information for decision making, ensure compliance with financial regulations and policies, and provide leadership for operational improvements, cost savings and strategic investments that align with the Firm’s culture and long-term goals.
POSITION SUMMARY
KKR Insurance Finance is seeking a candidate to support the accounting for its strategic investments, including but not limited to real estate and renewable energy which entails preparing the monthly and quarterly ledger reconciliations to validate the accuracy of the investment results provided by various third-party administrators (“TPA”) on a GAAP basis and preparation of required GAAP 10Q/K investment disclosures for these.
ROLES & RESPONSIBILITIES
• Work cross functionally to recognize and record complex new investment transactions, including but not limited to renewable energy and real estate investment acquisitions and dispositions
• Responsible for the monthly investment and suspense reconciliations. This includes the ledger and TPA statements for various subsidiaries on a GAAP basis, including preparing and reviewing journal entries, account reconciliations and other investment accounting activities.
• Perform month end and quarter end closing procedures, including analytical reviews of Special Purpose Vehicle (“SPV”) financial statements, income statement and balance sheet.
• Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.
• Prepare monthly and quarterly management reports that provide analysis of investment results.
• Oversight and monitoring of activity in each SPV assigned.
• Perform ad hoc analysis and assist with special projects, as requested.
• Collaborate with functional teams, including Auditors on requests and periodic monitoring of investments.
QUALIFICATIONS
• Qualified Chartered Accountant preferred or advanced degree in Finance required.
• 4-6 years of relevant experience.
• Renewable energy and real estate investment accounting background (strongly preferred).
• Strong technical accounting skills and knowledge of US GAAP and Statutory accounting principles related to investments.
• Familiarity with complex transactions, internal securitizations and SPVs.
• Strong analytical skills.
• Familiarity with investment accounting systems.
• Experience with subledger implementations preferred.
• Excellent computer skills, including MS Excel.
• Pro-active, detail oriented, deadline driven and possess excellent documentation.
• Results oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervision.
• Solid written and oral communication skills.
• Proven ability to successfully handle competing priorities and multiple deliverables.
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.
