Dir, Aflac Re ALM & Modeling

Aflac, Incorporated•Columbus, GA

1d•Hybrid

About The Position

Located in the U.S., provides actuarial services for Aflac Re Bermuda Ltd. (Aflac Re), a Bermuda domiciled reinsurer. This role leads a fast-growing and fast-paced actuarial modeling team to support all key actuarial functions that include pricing, valuation, reporting, asset liability management (ALM), capital management, and other actuarial analyses as needed. Oversees the development and implementation of all Aflac Re models in MG ALFA as well as other actuarial end using computing (EUC) models as needed, and performs analytics needed to support profitability analysis and ALM management. Role reports to Aflac Re Bermuda Chief Actuary. Within Aflac Re, partners with the pricing actuarial team in providing modeling support for deal pricing, and works with the valuation actuarial team to oversee the model life cycle for all actuarial reporting and source of earnings analysis, as well as other analyses as needed. In addition, this role supports the Chief Actuary by providing ALM and other ad hoc analytics to support, including but not limited to, Aflac Re’s asset and hedging strategy. Liaises with other key functions within Aflac such as investment, risk, legal, accounting, US GAAP valuation, and Aflac Japan as well as with external service providers and consultants who support the modeling life cycle. Role is highly visible to the senior management teams of Aflac Re Bermuda and Aflac Inc. in supporting Aflac global reinsurance strategy.

Requirements

Ability to communicate effectively with the senior leaders of the organization
Strong teamwork and interpersonal skills to partner with peers and collaborate to reach a common agreement
Strong leadership skills with experience and desire to mentor and cultivate team members
Strong technical and project management skills
The ability to adhere to Aflac and Aflac Re policies and procedures
Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a related field
Fellow of the Society of Actuaries (FSA) designation
10 years of professional job related work experience, 5 years management experience
10 years of actuarial work experience
Extensive experience in modeling and at least two of the following actuarial functions: product development, financial reporting, reinsurance, hedging, ALM, and capital management
Or an equivalent combination of education and experience

Nice To Haves

Experience working with Bermuda Economic Balance Sheet and Capital Solvency Return reporting

Responsibilities

Leads the model development, implementation, process automation, design, and documentation to support pricing, valuation, and other key actuarial functions
Leads the development for tools and analytics to support hedging and ALM strategy
Partners with the Pricing Actuary to support reinsurance pricing design and supporting analytics
Partners with the Valuation Actuary to support valuation processes, and regulatory and ad hoc stress testing for analysis and reporting
Supports the model owner for model risk management, model documentation and model validation
Supports the Chief Actuary developing materials to be presented at Aflac Re's board committee meetings
Supports the Chief Actuary to serve as liaison with other key functions or represents Aflac Re at global committees if needed
Provides support to Aflac Inc. or its affiliates (other than Aflac Re Bermuda) as requested from time to time
This is not an exhaustive list and the Actuary shall be expected to perform other duties as required

Benefits

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
an opportunity to purchase company stock
11 paid holidays
up to 20 days PTO
state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked)
other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being