TEAM OVERVIEW

The Derivatives & Liability Management team is part of a broader group at KKR called Global Macro and Asset Allocation (GMAA). The team is responsible for the negotiation, structuring, execution, and management of all risk management derivatives hedging and financing solutions. The Derivatives team covers FX, interest rates, and equity derivatives, while the Liability Management team focuses on credit financing, NAV financing, and subscription line financing, as well as other bespoke solutions. The team works across the full spectrum of KKR funds, strategies, geographies, and asset classes. The team is involved in all aspects of the deal processes, from inception to execution and assists with other broad responsibilities, such as overview of firmwide liability risk.

POSITION SUMMARY

The Derivatives & Liability Management – Fund Financing Associate will work in cross-functional teams with a primary focus on structuring, negotiating, syndicating and executing subscription-line and NAV financing, as well as other bespoke financing solutions for KKR funds. The associate will work closely with investment teams, external counterparties, and internal stakeholders to execute transactions, manage lender relationships, and develop innovative financing solutions.

RESPONSIBILITIES

• Managing deals from inception to closing, including RFP processes, facilitating due diligence, and managing transaction execution
• Analysis of financing deal terms, covenant structures and legal documentation
• Preparing internal documentation and presentations, including regular risk reporting for KKR senior leadership
• Close partnership with a broad set of internal stakeholders to support deal closings, including senior leadership, deal teams, Capital Markets, fundraising and finance, among others
• Significant coordination with external counterparties, contributing to relationship management with a large number of bank and non-bank financing providers
• Contribution to the development of new bespoke fund-level financing solutions and other strategic initiatives
• Research, analyze, and develop product ideas related to new and existing financing initiatives
• Model the effectiveness of terms and structures proposed by financing counterparties
• Build and expand relationships with existing and prospective syndicate partners
• Work cross-functionally with the broader GMAA team, including the portfolio construction, corporate balance sheet and macro teams
• Help the team manage monthly firmwide liability risk review meetings with the KKR co-CEO, CFO, and CIO

QUALIFICATIONS

• 3-5+ years in credit fund financing, asset-backed lending, subscription or NAV, or structured finance.
• Strong knowledge of fund finance documentation and market terms
• Ability to think strategically and proactively with sound analytical and market instincts
• Demonstrated ability to manage multiple transactions with competing deadlines while maintaining attention to detail
• Excellent written and verbal communication skills
• Strong interpersonal skills for relationship management with counterparties, legal counsel, and internal teams
• Team-oriented mindset with a desire to learn, grow, and contribute in a fast-paced environment

This is a unique opportunity to be part of a dynamic team driving innovative financing solutions for KKR’s credit strategies. If you have a passion for structured finance and a drive to excel, we encourage you to apply.

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