Principal, Structured Products & ABF

Stage; New York (NY); On-site; USD 175,000 - 230,000; Full time

Benefits offered by this job

Discretionary bonus

Job summary

KKR in New York seeks a senior investment professional to manage all facets of the structured and asset-backed credit process. You will evaluate opportunities, build strategies, track markets, and guide portfolio construction across multiple asset classes.

You will collaborate with GA and KKR teams, lead investment memos, and drive deal execution while monitoring portfolio risk and opportunities. A discretionary bonus may be available based on performance.

Qualifications

• Bachelor's degree in Finance, Economics, or related field.
• 6+ years of experience in investment banking, insurance or investment/asset management.
• Strong analytical, written and communication skills with attention to detail.
• Proven track record of developing and executing investment strategies or interest in investing.
• Experience leading and negotiating transactions.
• Self-starter with ability to work independently.
• Knowledge of insurance company-specific investment and accounting considerations a plus.

Responsibilities

• Evaluate individual investment opportunities across a wide range of sectors and geographies.
• Prepare and present GA & KKR investment memos outlining key findings and recommendations.
• Collaborate across GA and KKR teams to facilitate investment decision-making and deal execution processes.
• Regularly monitor structured products markets (RMBS, CMBS, ABS, CLO) and track themes / economics / relative value across asset classes.
• Cultivate relationships across GA and KKR to communicate priorities, market views, and progress.
• Design GA’s capital deployment strategy and run portfolio construction analytics.
• Monitor the portfolio to identify risks and opportunities, and work with KKR to manage positions.

Skills

Analytical skills

Financial concepts knowledge

Communication skills

Independent / self-starter

Education

Bachelor's degree in Finance, Economics, or related 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.

Role Overview

This individual will be integrally involved with all aspects of the investment process for all structured and asset‑backed credit, including: evaluating potential investments and executing transactions, developing strategies to increase origination, tracking markets, assessing relative value across asset classes, determining asset allocation and portfolio construction, managing portfolio rotation trades, and managing existing positions. The individual will work with both the GA and KKR Investments team as we build out our integrated investment function. This is an opportunity to be a senior member of a high‑profile investment strategy at Global Atlantic focused on a wide range of asset classes across the risk/return and liquidity spectrums, including residential real estate, consumer finance, small business, transportation, equipment, renewable energy, infrastructure, commercial real estate, and collateralized loan obligations, and spanning securities, whole loans, direct lending, whole assets, and platform investments.

Responsibilities

1. Evaluate individual investment opportunities:

• Conduct comprehensive financial analysis to assess potential investments across a wide range of sectors and geographies
• Prepare and present GA & KKR investment memos outlining key findings and recommendations
• Collaborate across GA and KKR teams to facilitate investment decision-making and deal execution processes

2. Tracking Markets

• Regularly monitor structured products markets (RMBS, CMBS, ABS, CLO) as well as more illiquid sectors and track themes / economics / relative value across asset classes
• Regularly interface with the street and consume research to help form market views

3. Build relationships across KKR and externally to support GA growth:

• Cultivate strong dialogue and relationships with key stakeholders across GA and KKR in order to mutually communicate priorities and objectives, market views, progress vs. plans, and future outlook
• Stay ahead of market trends and developments to inform investment decisions
• Leverage GA & KKR infrastructure to identify new opportunities and partnerships

4. Portfolio construction and asset allocation:

• Use information from #1 - 3 above (evaluating individual deals, tracking markets / relative value, KKR dialogue) to design GA’s capital deployment strategy (allocation to different asset classes, duration, liquidity, currency, fixed / floating rate, etc.)
• Run portfolio construction analytics to help determine areas to lean in / avoid based on the characteristics of the existing portfolio
• Communicate GA’s portfolio construction and asset allocation strategy to KKR and GA stakeholders
• Track incoming transaction pipeline / market themes, to ensure alignment with deployment objectives

5. Portfolio Management

• Design portfolio rotation trades to help GA achieve its financial targets
• Monitor the portfolio to identify potential risks and opportunities
• Collaborate with KKR team to actively manage any higher touch positions and implement strategies to achieve optimal outcomes

QUALIFICATIONS

• Bachelor's degree in Finance, Economics, or related field
• 6+ years of experience in investment banking, insurance or investment/asset management
• Candidates must possess superior analytical skills; a strong grasp of financial concepts; exceptional written, interpersonal, and communication skills; attention to detail; and a maturity that enables them to contribute to a collaborative and constructive work environment.
• Proven track record of developing and executing investment strategies or strong demonstrated interest in investing.
• Experience leading and negotiating transactions.
• Energetic, inquisitive and an initiative to take on high-impact projects that cover new ground for the team and business at-large.
• Self‑starter with ability to work independently to solve complex problems.
• Knowledge of insurance company‑specific investment and accounting considerations a plus.

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: $175,000 - $230,000 USD

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 [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.