Appointed Actuary

About the position KKR is seeking an experienced Regulated Financial Reporting Actuary to serve as the statutory actuary for our insurance entities. This role will be responsible for providing actuarial opinions on reserves, ensuring regulatory compliance, and supporting strategic decision-making across KKR's insurance platform. The Regulated 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.

Responsibilities

• Serve as the Regulated Financial Reporting Actuary for designated insurance entities in accordance with state insurance regulations
• Prepare and sign the annual Statement of Actuarial Opinion (SAO) on reserves
• Complete the Actuarial Opinion Summary (AOS) and supporting documentation for statutory 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
• 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 positions
• Review and opine on reserves for acquisitions, reinsurance transactions, and new business initiatives
• 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
• 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

Requirements

• 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
• Minimum 10+ years of actuarial experience in life insurance
• 5+ years of experience in a reserve analysis or Regulated Financial Reporting Actuary role
• Prior experience serving as Regulated Financial Reporting Actuary or Qualified Actuary for insurance entities strongly preferred
• Experience with insurance regulatory examinations and interactions with state insurance departments
• Deep expertise in actuarial reserving methodologies, including statutory reserving methodologies for life and annuity
• Experience with reinsurance structures and financial modeling
• Strong understanding of statutory accounting principles (SAP) and GAAP
• Knowledge of insurance regulatory frameworks and solvency requirements (RBC, ORSA)
• Exceptional analytical and problem-solving skills with attention to detail
• Strong written and verbal communication skills; ability to explain technical concepts to diverse audiences
• Sound professional judgment and ability to work independently
• High ethical standards and commitment to actuarial professionalism
• Ability to manage multiple priorities and meet regulatory deadlines

Nice-to-haves

• Background in insurance M&A, reinsurance, or alternative risk transfer is a plus
• Proficiency with data analytics tools (SQL, R, Python)
• Experience in private equity-owned or alternative capital insurance platforms
• Familiarity with run-off insurance operations or legacy liability portfolios
• Knowledge of international insurance regulations (e.g., Solvency II, Bermuda regulatory framework)

Benefits

• KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws.