Asset Backed Finance Operations Analyst
Kohlberg Kravis Roberts
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.
In 2016, KKR set up a Portfolio team to manage the trading performance of its global Private Credit, Private Equity & Private ABF books. The Portfolio Monitoring Unit (PMU) is responsible for the analysis of transaction data, financial modelling, deal optimisation and valuations. The ABF PMU team is based in Dublin and has since grown to 13 investment professionals across London, Dublin & Gurugram, with responsibility for circa 100 investments, operating across a wide range of sectors.
This is a consultancy role; however, the successful applicant will sit beside the ABF team in KKR’s Dublin office and will be a fully integrated member of the ABF PMU team. This is an open-ended engagement.
RESPONSIBILITIES:
- Support the Asset-Based Finance group with cross-sector but primarily consumer loan management
- Making sure 3rd party investment reports & loan tapes are accurate. Troubleshoot cash and data issues with trading counterparties, trustees, servicers and middle office
- Identify, analyse, and correct data discrepancies to ensure data integrity on the existing portfolio and produce reports to monitor portfolio performance. Analyse borrowing base calculations, application of monthly waterfalls and concentration requirements across individual deals and portfolios
- Assist in designing standard operating procedures and requirements for supporting technology
- Borrowing Base calculation/confirmation (both as borrower and lender).
- Confirm collateral eligibility criteria, excess concentrations and performance tests
- Work with Treasury and external counterparties on funding needs (both as borrower and lender).
- Managing Cash & payment instructions
- Assist with the monitoring and rebalancing as needed of deal interest rate and FX hedges
- Updating performance metrics in KKR portfolio systems
- Preparation of quarterly reviews and presentation to Investment Committee
- Opportunity to take ownership of the portfolio monitoring and reporting on certain deals
CRITICAL COMPETENCIES FOR SUCCESS
- Circa 2-4 years relevant experience – ideally in a bank, specialist lender, asset manager or consultancy.
- Ability to learn quickly and problem-solve on the job and determination to upskill in new asset classes
- Strong academic background
- Strong quantitative abilities – Good Excel skills are essential. Power BI /Tableau ability are useful (but not essential) skills
- Commercial awareness and an understanding of financial statements and ABS structures is useful
- Good report writing & presentation skills
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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.