Reinsurance Accounting Associate

KKR; Des Moines (IA); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Discretionary bonus based on performance

Job summary

KKR is looking for an Associate in their Insurance Segment to focus on reinsurance accounting processes. This role requires strong technical accounting skills, collaboration with cross-functional teams, and experience in the insurance industry.

The ideal candidate will have a Bachelor's degree in accounting or related field, possibly a CPA, and 4-8 years of work experience. The position offers a base salary range of $90,000 - $140,000, plus potential bonuses.

Qualifications

• 4-8 years of related work experience in the insurance industry.
• Expertise in GAAP accounting standards and practices.
• A continuous improvement mindset.

Responsibilities

• Oversee key accounting processes ensuring accurate financial reporting.
• Perform monthly and quarterly closing procedures.
• Collaborate with actuarial, finance, and operations teams.

Skills

Strong technical accounting skills

Advanced Excel skills

Strong written and oral communication skills

Experience with Oracle or SAP accounting systems

Ability to work collaboratively and independently

Attention to detail

Critical thinking

Education

Bachelor's degree in accounting or related field

Certified Public Accountant preferred

Big Four experience preferred

Tools

Oracle accounting system

SAP accounting system

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.

Team Overview

KKR’s Insurance Segment Accounting Operations team is responsible for producing timely and accurate financial results for our business stakeholder, ensuring strong control environment is supported in our organization and significant transactions are operationalized appropriately from accounting standpoint. We are a group of professionals committed to excellence, timeliness and effective collaboration across the enterprise. Our team works across multiple locations to ensure highest quality of financial results. As such, we work closely across other teams in Finance, Operations and Institutional groups. We prioritize a culture of excellence, grit and collaboration.

Position Summary

KKR seeks to recruit an Associate to focus on supporting our complex reinsurance accounting processes across the enterprise. The ideal candidate will bring strong technical accounting skills, continuous improvement focus and ability to multitask. This individual will work effectively within the broader Accounting Operations team, supporting our close process and various projects, as well as collaborate frequently with FP&A, Investments Accounting, Bermuda Finance and other organizational stakeholders.

Responsibilities

The Associate Reinsurance Accounting position is responsible for overseeing key accounting processes, ensuring accurate financial reporting, and supporting regulatory compliance within KKR’s Insurance Segment while coordinating with other areas across the organization. This role requires strong knowledge of accounting principles, including statutory accounting and GAAP, standard accounting processes, and SOX control frameworks. This role will provide support to key stakeholders across the organization to design, implement and facilitate accounting operational processes and to analyze financial data to support business decision-making.

• Ensure the processes in place support organizational needs, propose improvements in the operational framework, and drive efficiency initiatives
• Perform monthly and/or quarterly closing procedures, including preparation and posting of reinsurance journal entries, performing account reconciliations and variance analyses
• Support treaty administration, including settlements, cash movements, and statement validation
• Assist in reviewing treaty documentation for accuracy against contract terms
• Maintain standard reinsurance reports for internal management and regulatory use
• Collaborate with actuarial, finance, and operations teams to ensure alignment on reinsurance balances and reserves
• Serve as accounting support during onboarding of new transactions
• Support ongoing automation and finance transformation projects
• Assist with audit requests and maintain control documentation
• Participate in special projects with cross-functional impact
• Assist with ad-hoc requests, as needed

Qualifications

• Bachelor's degree required in accounting or related field
• Certified Public Accountant preferred
• Big Four experience preferred (associate or higher)
• 4-8 years of related work experience with recent experience in insurance industry
• Experience with Oracle or SAP accounting systems preferred
• Advanced Excel skills
• Demonstrated expertise in GAAP accounting standards and practices
• Ability to work collaboratively and independently with minimal supervision
• Excellent attention to detail and ability to meet deadlines
• Strong written and oral communication skills
• A continuous improvement mindset
• Critical thinking with a strategic mindset

Base Salary Range

$90,000 - $140,000

Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance. To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment visa at this time.

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 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 by sending an email to [e-mail]. Only emails specifically 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.