AVP, Investment Operations

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 Private Credit (PC) Operations is a global team that supports a broad range of operational functions across the asset management and insurance business segments. Comprised of over 30 professionals, we work closely with deal teams, legal, tax, finance, treasury, and other internal groups to manage various responsibilities related to both pre- and post-close activities. These activities span across KKR's Direct Lending, Junior Debt, Transportation, Real Estate, and other strategic investment platforms.

PC Operations is part of the larger Enterprise Investment Operations organization, ensuring seamless integration across multiple business units.

POSITION SUMMARY

KKR seeks to recruit an Assistant Vice President overseeing the Investment Operations teams that support KKR Insurance's $80B real estate portfolio, which includes commercial mortgages, residential mortgages, commercial real estate equity, and residential equity. The ideal candidate will excel at multi-tasking under pressure with minimal supervision.

RESPONSIBILITIES

• Oversee Sr. analysts and analysts responsible for asset set up for new securities and structured transactions - coordinate with Portfolio Management team to (ii) understand new structures and (ii) build-out infrastructure to support new structures in KKR's Investment Management Platforms (LMS, Geneva, etc)
  • Set up SPVs to hold assets and facilitate internal securitization of asset cashflows.
  • Inclusive of settlement of loans/assets, onward participation of loans/assets across KKR Portfolios - coordination with Legal and custody banks.
• Oversee Sr. analysts and analysts responsible for funding and settlement of all deal flow.
• Oversee Sr. analysts and analysts responsible for ongoing asset lifecycle management (Principal and Interest Remittances, Pay-downs, Pay-offs, coupon updates, factor updates, etc.)
• Review cash and asset movement across KKR custody and trust banks and accounts related to Investment Activity (trades, transfers, etc.)
• Interface and manage the relationship with third party servicers (loan servicers, asset managers, Federal Home Loan Banks, Custodian Banks, etc.)
• Coordinate above activities with Investment Accounting, Investment Controls, Risk, Asset Allocation, Investment Origination , etc. - inclusive of interfaces with ancillary platforms/systems
• Identify processes enhancements and develop an implementation program.
• Supervision, train, and mentor direct FTEs supporting the above

QUALIFICATIONS

• 6-10 years' experience in general investment operations, ideally in a middle office or other transaction-facing role
• Prior experience in private credit or equity deal funding
• Knowledge of credit investments, particularly bank loans or real estate
• Strong organizational, analytical, and problem-solving skills
• High level of attention to detail
• Excellent verbal and written communication skills
• Ability to multi-task, and oversee a high volume of work
• Strong work ethic with the ability to quickly grasp key concepts

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

$120,000-$160,000 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 [email protected]. 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 because of your disability. You can request reasonable accommodations by sending an email to [email protected]. 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.