Job Description

Salary Range: $72,000 - $167,000

Job Posting End Date: March 31, 2025

We’ve Got You Under Our Wing

We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all… The Aflac Way .

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune’s 50 Best Workplaces for Diversity and as one of World’s Most Ethical Companies by Ethisphere.com.

Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there’s a home, and a flourishing career for you at Aflac.

Work Designation – Depending on your location within the continental US, this role may be hybrid or remote.

• If you live within 50 miles of the Aflac offices located in Columbus, GA or Columbia, SC, this role will be hybrid. This means you will be expected to work in the office for at least 60% of the work week. You will work from your home (within the continental US) for the remaining portion of the work week. Details of this schedule will be discussed with your leadership. 
• If you live more than 50 miles from the Aflac offices located in Columbus, GA or Columbia, SC, this role will be remote. This means you will be expected to work from your home, within the continental US. If the role is remote, there may be occasions that you are requested to come to the office based on business need. Any requests to come to the office would be communicated with you in advance.

What does it take to be successful at Aflac?

• Acting with Integrity
• Communicating Effectively
• Pursuing Self-Development
• Serving Customers
• Supporting Change
• Supporting Organizational Goals
• Working with Diverse Populations

What does it take to be successful in this role?

• Working knowledge and understanding of Reinsurance including various forms and business dynamics

• Comprehensive knowledge of accounting and financial reporting requirements, with technical expertise and competence with US GAAP and Statutory accounting for reinsurance

• Strong analytical skills with an intellectual curiosity to foster a strong understanding of all reinsurance treaties and their impact to GAAP, Stat and capital requirements.

• Knowledgeable of project management practices and processes • Proficient in process improvement techniques including diagnostic and problem-solving skills, and facilitation and negotiation skills

• Strong knowledge and aptitude for learning accounting and data analysis systems/applications

• Excellent analytical, research and problem solving skills

• Ability to exhibit and maintain professionalism in accordance with corporate standards

• Excellent written and oral communication skills, with ability to effectively collaborate with team and management

• Proficient in Microsoft Office including Excel

Education & Experience Required

• Bachelor's Degree In Accounting, finance, or a related field
• Six years of professional job-related work experience
• Experience in the insurance industry, preferably Life, A&H or other long-duration insurance
• Experience and proficiency using financial systems user applications (SAP preferred)

Or an equivalent combination of education and experience

Education & Experience Preferred

• Certified Public Accountant (CPA) designation
• Reinsurance accounting and administration experience

Travel

Less than or equal to 25%

Principal Duties & Responsibilities

• Establishes and monitors compliance standards and requirements for reinsurance activities on both an operational and accounting basis.

• Works proactively with Financial Shared Services and other subject matter experts (both internal and external) to learn and document the Company’s reinsurance activities.

• Participates on cross-functional reinsurance team of U.S., Bermuda and Japan-based professionals (Actuarial, Modeling, Administration, Accounting, FP&A and Treasury personnel) to evaluate and implement future reinsurance transactions.

• Documents how reinsurance activities are reflected in the Company’s accounting and reporting systems on both a US GAAP and Statutory basis from a process and control perspective; documentation is maintained to meet business and operational needs, and to maintain compliance with Sarbanes-Oxley (SOX) 404 and Model Audit Rule (MAR).

• Manages the documentation and administration of reinsurance treaty agreements to ensure adherence to treaty provisions and requirements and to facilitate periodic cash settlements.

• Validates and documents the Company’s reinsurance accounting within the ERP system to ensure compliance with accounting requirements and/or to identify areas for improvement and correction.

• Partners with cross-functional team to plan and implement future reinsurance transactions to execute Aflac’s capital strategy and management.

• Partners with current Japanese leadership and Aflac Re, Bermuda leadership and financial reporting team to facilitate capital strategy execution and related financial and capital reporting requirements for our Bermuda-based reinsurance captive entity.

• Works with the Financial Reporting team to complete all monthly, quarterly and annual accounting requirements including journal entries and review for reinsurance-related activity and accruals.

• Works effectively with business and accounting partners, if improvements or corrections are needed, to ensure that these are clearly documented and implemented in an efficient and effective manner.

• Creates and maintains executive summaries in conjunction with the supporting detailed documentation of the operational and accounting processes and controls for all of the Company’s existing reinsurance programs.

• Responds to reinsurance related ad hoc requests; prepares reinsurance analytical reporting; presents reinsurance financial results to management on a monthly basis.

• Coordinates and prepares reinsurance related audit work; coordinates internal and external audits for reinsurance.

• Assists in the maintenance of the Financial Reporting Department’s system of internal control, including the documentation of material changes to the process including organizational changes, system modifications, and procedural changes; analysis of Internal Control Assessment documents to assess the relevancy of key processes, risks, and internal control structure for the reporting process; performs process control testing, validations and reconciliations; provides assurances and supporting evidence to aid in Aflac’s compliance with the Sarbanes-Oxley Section 302 and 404 regulations, and Model Audit Rule (MAR) requirements.

• Performs analysis on financial statements to identify anomalies for management review; compiles and reviews documentation for quarterly and annual reporting and ensures compliance with all relevant disclosure requirements; collects, organizes, analyzes, and evaluates complex financial and statistical data and other related information; completes reviews, and prepares required internal and external records, reports, statistics, financial statements, analysis, stockholders’ reports, etc.; develops and presents conclusions and recommendations to management.

• Establishes and maintains effective working relationships with business partners and assists business partners to understand the reinsurance implications (both operational and accounting) of specific activities and reporting for the Company.

• Technically, this position must maintain strong competencies in the US GAAP and Statutory accounting requirements for reinsurance activities, and also must stay abreast of current trends and regulatory changes in the industry, and recommend alternative business practices, procedures, solutions, and strategies based upon best practice research.

• Develops solutions and implements actions to resolve problems and ensure customer satisfaction; reviews processes and procedures to streamline activities to enhance service turnaround time, productivity, and quality; coordinates overall workflow of the department and ensures that workflow processes facilitate effective and efficient use of corporate resources and enhance customer satisfaction.

• This role is part of the Company’s Financial Shared Service team. At times, this position will support other financial accounting or reporting activities beyond reinsurance which may include, but is not limited to: US GAAP reporting and analysis or Statutory reporting and analysis, reporting requirements of the Bermuda Monetary Authority, general ledger account reconciliations, US GAAP or Statutory audit support activities, Kaizen (continuous improvement) activities, projects required by the department, etc.

• Performs other related duties as required.

Total Rewards

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting. Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate. The salary range for this position is $72,000 to $167,000.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock. On an annual basis, you’ll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state mandated sick leave (Washington employees accrue 1 hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick and safe leave, and adoption and parental leave, in all states and localities.

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