Y Combinator Professional, ABF IMS Associate - Consumer
Summary
Manages and analyzes data for a $30B consumer/mortgage loan portfolio, ensuring accuracy in settlements and reporting for a global investment firm’s Asset-Based Finance team.
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.
K-STAR INVESTMENT SERVICES OVERVIEW
K-Star Asset Management LLC ("K-Star") was formed in 2022 and is a wholly owned subsidiary of KKR. K- Star Investment Services supports the risk management of its Asset-Based Finance investments, asset management, securities investing, and client experience for its Real Estate Credit franchise as both verticals continue to scale. The K-Star team includes industry specialists to oversee residential mortgage investments, consumer finance investments, special servicing, stabilized and transitional loan asset management across many KKR investment portfolios.
POSITION SUMMARY
K-Star is seeking an Associate to join its ABF Investment Management Services Team focusing on Asset-Based Finance investments. This is an excellent opportunity for someone who wishes to build a career in investment services at a reputable buy-side firm. The role is based in Dallas and collaborates regularly with the deal team at KKR.
The ideal candidate will have 3-5 years of relevant experience at a financial institution with exposure to mortgage and/or consumer data. The position will support the Asset-Based Finance desk and will work directly with the investment team to assist with data analysis, transaction settlements, and management related to its existing $30bn portfolio. The role requires constant communication with the deal team and various stakeholders and business groups, so strong communication and relationship-building skills are essential.
We are passionate about operational excellence and providing our investment and business operations colleagues the ability to seamlessly execute liquid and private credit investments around the globe. We are committed to continuous improvement, both in the operations we perform and in the environment in which we work. We work in collaborative teams within the context and support of a large, global investment firm. We can offer challenging and rewarding work and opportunities for career advancement and learning in both the business and operational spheres.
RESPONSIBILITIES
- Support the Asset-Based Finance group with data management related to consumer / mortgage loans
- Own and maintain monthly remittance process, troubleshooting cash and data issues with trading counterparties, trustees, servicers, and middle office
- Identify, analyze, and correct data discrepancies to ensure data integrity on the existing portfolio and produce reports to monitor portfolio performance
- Assist in designing standard operating procedures and requirements for supporting technology
- Build out robust reporting to provide analytics and insights on the portfolio
- Analyze borrowing base calculations, concentration requirements, and hedging facilities across portfolios
QUALIFCATIONS
- Minimum of a Bachelor’s degree
- 3-5 years of experience within the Financial Services industry with exposure to residential / consumer data
- Advanced knowledge of MS suite. SQL, Python, or other programming languages are a plus
- Strong personal initiative, exceptional organization and attention to detail, and ability to learn quickly
- A track record in accuracy and meeting deadlines in a fast-paced, growing work environment with high expectations
- Excellent written, verbal and interpersonal communication skills
- Team-oriented with strong integrity and professionalism
- Experience and track record in process improvement and automation
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.