Vice President, SPV Controllership
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 Finance, Tax, and Accounting team oversees the firm's tax compliance, credit and accounting, and reporting matters to produce analytical insights that drive business decisions and long-term success. The team designs efficient frameworks, using internal and external data and reports, to understand the market environment and business dynamics and to implement best practices. The team collaborates closely with KKR's Legal and Compliance teams to ensure compliance and accurate reporting for the entities related to our investment funds, and supports clients from onboarding through investor communications and overall relationship management across all asset classes.
POSITION SUMMARY
The Vice President, Credit SPV Controllership is a hands-on senior role with responsibility for the financial control, accounting and governance of the Credit platform's Special Purpose Vehicles ("SPVs") and SPV aggregator structures (200+ legal entities) across North America, Europe and Singapore/Asia. The VP leads engagement with Third Party Administrators ("TPAs") and auditors, is a key contributor to KKR's public reporting and global audit processes, and acts as the subject matter expert and escalation point for the team. The role works directly with the Credit Deal Teams, Asset Liabilities and Portfolio Services, Portfolio Company Operations ("PC Ops"), the Portfolio Management Unit ("PMU"), Legal, Tax, Treasury and Third Party Administrators. The candidate is expected to play an active part in shaping the function's policies, processes and transformation agenda.
ROLES & RESPONSIBILITIES
SPV Onboarding, Structuring & Deal Closing
- Lead the onboarding of all new Credit SPVs with TPAs, including administration agreements, engagement letters, service scope, reporting cadence and foundational data set-up
- Partner with Deal Teams, Legal and Tax on the accounting, control and administration aspects of new SPV structures and holding stacks in North America, Europe and Singapore/Asia, considering local jurisdictional requirements
- Ensure new deal closing policies are adhered to, including review of closing budgets and funding adequacy for post-close expenses
TPA & Audit Leadership
- Contribute to Credit SPV discussions with TPAs, including performance oversight, service levels, escalation and fee review
- Drive forward Credit SPV audit discussions as part of the wider KKR Global audit process, recognizing that SPVs impact the audits of KKR and FS KKR Capital Corp. ("FSK"), including scoping, timetable, fees and resolution of findings
- Coordinate the Credit custody confirmation process and lead discussions with the external auditor (Deloitte)
- Ensure audit and administration billings align with engagement letters, and oversee invoicing with KKR Accounts Payable
Accounting, Valuation & Books and Records
- Manage the books and records for the SPV aggregator structures on the Credit platform (200+ legal entities), ensuring compliance with US GAAP, IFRS, FRS 102 and applicable local GAAP
- Perform and review detailed equity accounting and analysis, including complex partnership equity accounting and asset valuations
- Oversee daily, monthly and quarterly pricing, and review of quarterly close packages, account analyses, accruals and reconciliations
- Provide technical accounting guidance on complex or non-standard transactions, consolidation, fair value, debt, expense and intercompany matters