Senior Analyst, Finance
Careers at KKR City of Hamilton, Bermuda
Financial Services · 1,001-5,000 employees
About the role
The Senior Finance Analyst will support Bermuda reinsurance companies by delivering accounting, control functions, and regulatory filings. Key duties include performing monthly and quarterly closing procedures, conducting fluctuation analyses, and supporting financial report preparation.
What they look for
Requirements
Candidates must have a bachelor's degree in accounting or finance and at least 5 years of relevant experience, preferably in life insurance and reinsurance. Proficiency in US GAAP or US Statutory accounting and high proficiency in MS Excel are required.
Full description
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 leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).
Global Atlantic Financial Company Bermuda Limited is looking for a Senior Finance Analyst to join their Bermuda Finance team. The Senior Finance Analyst will support the Bermuda reinsurance companies and the company's Institutional business segment by delivering accounting and control functions. A key goal for this role is to ensure completeness and accuracy of financial information and regulatory filings. This position will support the broader team of financial reporting professionals, completing validation of information provided by company sources. The successful incumbent will monitor results and produce exception reports along with fluctuation analyses to ensure the team achieves the timeframes and reporting standards required by their stakeholders. This position reports to an Assistant Vice President, Insurance Planning & Treasury, and offers the opportunity to grow with our dynamic and leading long-term reinsurance business in Bermuda, gaining exposure to life and annuity business across several accounting and capital regimes.
Key Duties and Responsibilities:
- Support the preparation of regulatory reporting on US GAAP, US Statutory, Bermuda Statutory and Bermuda Economic balance sheet bases for multiple reinsurers, as well as execution of control processes
- Perform monthly and quarterly closing procedures, including tracking availability of information, reviewing variances in trend or expected levels, producing control and flash reports, and preparing reconciliations
- Investigate unanticipated variances, providing timely feedback to source areas to ensure that issues are addressed promptly within close timeframes
- Participate in analytical review of performance of the reinsurance and borrower entities, including flux analyses, actual-to-expected reviews and identification of key drivers
- Support timely planning, preparation and compilation of quarterly and annual financial reports, footnotes and supporting documentation
- Support system enhancements and recommend process/system and automation improvements
- Perform quarterly review and analysis of net investment income and net cost of insurance
- Partner with other teams to identify potential solutions to issues, contributing to tactical design, testing plans and user acceptance testing
Minimum Qualifications, Skills and Experience:
- Bachelor's degree in accounting or finance; working towards CPA, CA or other comparable professional designation preferred
- 5+ years of relevant work experience; recent experience in life insurance with reinsurance exposure preferred
- Knowledge of US GAAP or US Statutory accounting required; knowledge of Bermuda Statutory and the Bermuda Economic Balance Sheet a plus
- Strong quantitative and analytical skills, with demonstrated proactiveness, good attention to detail and the ability to meet deadlines
- Effective verbal and written communication skills, including the ability to communicate across all areas of the company
- Demonstrated experience assessing performance versus prior and expected on an insurance business
- Experience delivering audit requests and explanations, and building and performing controls
- Ability to work in a cross-functional team and thrive in a fast-paced, complex environment
- High proficiency in MS Excel required
- Familiarity with SAP, OneStream, W Desk, Tableau, Power Query and other reporting and analysis applications a plus
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.