Insurance Portfolio Optimization & Construction
About this role
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
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.
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