What are the responsibilities and job description for the K-Star Accounting Financial Analyst position at Careers at KKR?
COMPANY OVERVIEW
KKR & Co. Inc., together with its subsidiaries, is a leading global investment firm that offers alternative asset management and 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 The Global Atlantic Financial Group.
KKR REAL ESTATE CREDIT AND K-STAR INVESTMENT SERVICES OVERVIEW
KKR Real Estate Credit was formed in January 2015 to invest in real estate credit products and complement KKR Real Estate's private equity platforms. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR's brand, industry knowledge and relationships. KKR Real Estate Credit currently invests through six separately capitalized vehicles across our Direct Lending and Securities portfolios and consists of 50 dedicated professionals based in New York, San Francisco, Los Angeles, Houston, Dallas and London.
K-Star Asset Management LLC ("K-Star") was formed in 2022 and is a wholly owned subsidiary of KKR. K-Star is a dedicated investment services platform that supports underwriting, asset management, loan origination, securities investing, risk management, and client experience for KKR Real Estate Credit as it continues to scale. The K-Star team includes industry specialists in special servicing, asset management, due diligence, and loan closing, among other functional areas. For additional information about K-Star, please visit K-Star's website at www.ksam.com.
POSITION OVERVIEW
K-Star's Finance and Accounting team oversees the firm's accounting and reporting matters to produce analytical insights that drive business decisions and long-term success. The team is responsible for designing efficient frameworks through internal and external data and reports to understand the market environment and business dynamics and implement best practices. The team also collaborates closely with K-Star's Securities and Direct Lending teams to ensure accurate reporting and budgeting of revenue as well as modeling other analytics. The Finance and Accounting team also works closely with the KKR accounting team to report in a timely manner and to respond to ad-hoc requests. The individual must be an exceptional communicator with a goal towards action, have advanced technical and modeling skills, a creative problem solver, and can build strong partnerships across the various KKR lines of business.
ROLES & RESPONSIBILITIES
Operational Excellence
- Responsible for building and maintaining models for budget and forecasting
- Assist with preparing models to assist in analyzing the various K-Star business lines
- Produce monthly and quarterly reports for internal stakeholders
- Collaborate with Securities and Direct Lending teams to support the collection of servicing fee revenue utilizing various systems (such as Hazeltree treasury tool and Special Servicing RealInsight solution)
- Utilize the SAP accounting software to track fee revenue and cash deposits by transaction or loan
- Record journal entries in SAP in a timely manner to assist with month and quarter-end close
- Assist the European finance team to report fee revenue and prepare financial reports
- Track, monitor and analyze expense spending for detailed reporting to management
- Complete ad hoc special projects, reports, and budgets
Stakeholder Management
Reporting & Governance
QUALIFICATIONS
LI-Onsite
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.
