Insurance Portfolio Optimization & Construction

KKR; New York (NY); On-site; USD 110,000 - 130,000; Full time

Benefits offered by this job

Discretionary bonus based on performance

Job summary

KKR, located in New York, is seeking a quantitative investment analyst for its Portfolio Optimization & Construction team. This role focuses on enhancing asset allocation and supports financial objectives for insurance products.

The ideal candidate will have a strong quantitative background, preferably with a master’s degree, and proficiency in Python. The role offers a competitive salary range between $110,000 and $130,000 USD and emphasizes collaboration with actuarial and investment teams.

Qualifications

• 0–3 years in fixed income portfolio management or quantitative research.
• Prior exposure to insurance products or ALM is a plus.
• Master's or PhD preferred.

Responsibilities

• Construct and optimize asset portfolios for insurance products.
• Develop asset allocation models incorporating regulatory capital.
• Enhance ALM framework to support deal evaluation.

Skills

Programming proficiency in Python

Experience with large datasets

Strong skills in Excel

Quantitative methods

Familiarity with Bloomberg and FactSet

Education

Bachelor's degree in Mathematics, Statistics, Finance, Engineering, Economics, Actuarial Science, or related quantitative field

Job 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.

Position Summary

Global Atlantic's Portfolio Optimization & Construction team designs and optimizes asset allocations to meet financial and risk objectives across our growing insurance portfolio. We are seeking a quantitative investment analyst to enhance our asset allocation, pricing, and optimization frameworks with a focus on insurance asset‑liability management (ALM). This role works at the intersection of quantitative finance and insurance, supporting portfolio construction for reinsurance blocks and retail insurance products while collaborating with actuarial, risk, and investment teams.

Responsibilities

Portfolio Construction & ALM

• Construct and optimize asset portfolios for reinsurance blocks and retail insurance products (annuities, life, PRT)
• Develop asset allocation models incorporating regulatory capital requirements, duration matching, and cash flow needs
• Support new business pricing by modeling optimal allocations and expected returns for proposed transactions
• Enhance ALM framework to support deal evaluation and portfolio construction

Analytics & Attribution

• Develop attribution frameworks to explain portfolio performance by asset class, sector, duration, and credit quality
• Analyze market impacts including interest rate movements, credit spreads, and equity volatility
• Monitor portfolios using quantitative approaches, coordinating with actuarial, risk, and finance teams
• Prepare presentations for senior investment committees and portfolio managers

Platform Development

• Expand platform to support new asset types (private credit, structured products, real assets) and liability types
• Maintain and enhance quantitative models tailored to insurance investment processes
• Work with IT teams to automate and institutionalize models, leveraging modern technology
• Serve as quantitative resource, evaluating tools and recommending improvements

Qualifications

• Bachelor's degree required; Master's or PhD preferred in Mathematics, Statistics, Finance, Engineering, Economics, Actuarial Science, or related quantitative field
• 0–3 years in fixed income portfolio management, insurance asset management, quantitative research, or related areas
• Prior exposure to insurance products or ALM is a plus
• Strong programming proficiency in Python (required)
• Experience with large datasets and quantitative methods
• Proficiency in Excel and PowerPoint
• Familiarity with Bloomberg, FactSet, or risk systems (MSCI, Barra, Bloomberg PORT) a plus

Salary

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range

$110,000—$130,000 USD

Equal Opportunity Employer

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.

Accommodations

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 [e-mail]. 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 [e-mail]. 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.