Vice President, Investment Accounting

POSITION SUMMARY

KKR Insurance is seeking a candidate to support reinsurance and statutory investment accounting and reporting for assets ceded to internal and external reinsurers, prepare analysis to support audited financials, and support the implementation of new deals. This position will also support cross functional initiatives related to process enhancements and redesign related to achieving concurrent and consistent delivery of investment results across multiple basis.  The role will offer exposure to multiple levels of management and GA functions, including Finance / Controllers, IT, Bermuda Finance and Investment Operations.  This individual will support the management of a team of investment accounting professionals at various levels, supporting the reinsurance and statutory investment areas within investment accounting and will be required to bridge the operations and the accounting for investment activity to support the accounting and reporting. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

RESPONSIBILITIES

Leadership and Oversight

• Support the management of a team of investment accounting professionals responsible for reinsurance and statutory investment accounting functions.
• Provide mentorship and guidance to team members, fostering a culture of accountability, continuous improvement, and excellence.

Operational

• Oversee quarterly Risk Based Capital charges and coordination with the statutory accounting finance team to ensure appropriate RBC calculations
• Ensure timely and accurate statutory financial statement reporting
• Execute and review quarter-end close procedures, including analytical reviews of investment balances, validation of investment income, B36 calculations, and statutory impairment assessments
• Support accounting and capital conclusions related to new investments.
• Perform ad hoc analyses and assist with special projects as needed.
• Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.

Cross-Functional Collaboration

• Act as a liaison between Investment Accounting Investment Operations and Deal teams to ensure proper instruction and accounting for complex investment transactions (e.g., asset categorization, capital impact, and income recognition).
• Partner with Bermuda Finance teams, to ensure appropriate quarterly reporting.
• Engage in NAIC/ACLI discussions relating to proposals related to investments
• Coordinate with third-party service providers and internal stakeholders to ensure timely processing and accurate recognition of investment-related transactions.

Process Improvement and Transformation

• Drive initiatives aimed at enhancing investment accounting processes, data consistency, and operational efficiency across multiple accounting bases.
• Support transformation projects to streamline investment data management, reconciliation, and reporting processes within investment accounting.
• Contribute to the design and implementation of scalable solutions that improve the concurrent delivery of GAAP and STAT investment results.

QUALIFICATIONS

• Bachelor’s in accounting or finance; CPA
• 9+ years of relevant experience
• Strong technical accounting skills and knowledge of U.S. GAAP and statutory accounting principles
• Familiarity with complex transactions, including reinsurance
• Knowledge of SOX controls and public company experience
• Proven ability to successfully manage close processes across multiple teams with timely and accurate delivery of financial results
• Strong analytical skills, ability to analyze financial results.
• Strong ability to effectively communicate complex accounting to different stakeholders in the organization at all levels through written, verbal and interpersonal skills
• Excellent computer skills, including MS Excel, Peoplesoft platforms, data warehouse a plus
• Strong focus on process improvement and automation

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