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 OVERVIEW
KKR has an opening for the position of Assistant Vice President in Mutual Fund Product Management. This position will be based in our Boston office, and will report to the Director, FVIT/VIT Management. Key responsibilities will involve leading product management for Global Atlantic’s proprietary mutual fund platform (FVIT) and its third-party variable insurance trust (VIT) fund platform for legacy variable annuity products.
RESPONSIBILITIES
Manage implementation of product initiatives and strategic objectives for Mutual Funds
Manage preparation for FVIT Board meetings including project/timeline and agenda management, development and editorial review of written material and exhibits, coordination with Fund and Trustee counsel, administration of online Board books, organization and dissemination of materials to Trustees, and meeting logistics
Manage fund expenses and budgets in coordination with Funds’ treasurer, including: budget review and accrual processes; ongoing review of fund expenses and contractual and administrative fees; monitor Fund expense ratios; review, track and process fund invoices; analyze and recommend changes in expense caps when appropriate; provide detailed pro-forma analysis for proposed fee or expense changes or other initiatives with financial impact
Manage Investment Adviser expenses and profitability including: Adviser expense allocations; coordination with internal finance teams on Adviser budgets and expense projections; review, track and process Adviser invoices; assess impact of fund initiatives on Adviser profitability; prepare profitability reports
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Manage prospectus and shareholder report cycles, including timeline management, document development and review, and oversight of distribution processes with third-party vendors
Maintain relationships with Funds’ service providers, including (but not limited to) Treasurer, Fund administrator, Board, outside counsels, and vendors
Support variable insurance trust fund (VIT) investment platform for legacy variable annuity (VA) products, including management of fund changes, relationships with fund partners and third-party administrators, financial analysis and projections, and support for assumption review
Maintain legal agreements for FVIT and VIT platforms
QUALIFICATIONS
College degree preferred
Minimum of 7-10 years in a financial services environment, preferably mutual funds, with demonstrated progression in responsibility
Knowledge of mutual funds and investment structures for VA or other investment-only product platforms
Highly organized; ability to establish orderly systems for maintaining, tracking and easily referencing a variety of complex information and data
Superior attention to details; process discipline
Excellent analytical skills including ability to quantify impacts and synthesize data from multiple sources
Strong interpersonal and communication skills (listening, written and verbal communications)
Strong skills in writing and editorial review of written investment-related material
Ability to understand, document, and effectively communicate up and downstream requirements and impacts
Team player, with willingness and flexibility to play outside the lines of their “role”
Adept working with MS Excel, PowerPoint and Word
FINRA Series 6 or 7 a plus
LI-Onsite
This is the expected annual base salary range for this Boston 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 - $135,000 to $148,000
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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