Actuary IV (US)

Actuary IV (US)The Company: Aflac Incorporated The Location: GA, US The Division: Aflac Re - Bermuda Job Id: 8899Salary Range: $110,000 to $140,000 Job Posting End Date: June 1, 2026We'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. Worker Designation – This role is hybrid. This means you will be expected to report to one of our Aflac offices located in Columbus, GA 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.Job SummaryLocated in the U.S., this experienced modeler role performs varied actuarial services including coding, building and maintaining actuarial models for pricing, reserving, forecasting, embedded values and capital calculations for Aflac Re Bermuda LTD (Aflac Re), a Bermuda domiciled insurer that provides reinsurance solutions. This role is expected to ensure accuracy and reasonability of the outputs from the models and is capable of customizing reports and analysis to explain the results at the level that is suitable for senior management. The role is expected to recommend and implement enhancements to improve efficiency, documentation and model governance. This role reports to the Aflac Re Chief Actuary. With minimal supervision, the candidate is expected to code, parametrize, and utilize actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, or capital planning, and analyzes output from models for reasonability and generates reports. The candidate should make adjustments and improvements to models, when appropriate and draws on extensive experience and judgment to plan and accomplish goals.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 PopulationsWhat Does It Take To Be Successful In This Role?Proficient at coding models with at least one or more of the following applications (Excel, SQL, MG-Alfa, Prophet, AXIS Strong familiarity with model governance, best practices and ability to implement independent model validation frameworks Extensive expertise with reserve and capital methodology and working knowledge under market consistent regimes The ability to adhere to Aflac and Aflac Re policies and procedures Some understanding of reinsurance Strong written and oral communication skills Strong internal/external customer service skillsActuarial CompetenciesTechnical Knowledge & Skill - Comprehensive Project Management - Comprehensive Communication - Comprehensive Business Knowledge & Acumen - Advanced Delivers Results - Comprehensive Develops Self & Others - Advanced Influencing - Advanced Makes Effective Decisions - Comprehensive Values Driven - Interacts with others in a way that gives them confidence in one's intentions. Listens with respect and objectivity even when others' opinions conflict with one's own. Adheres to standards of professional conduct Builds Talent - Intermediate Engages Employees to the Vision - IntermediateEducation & Experience RequiredBachelor's Degree in Actuarial Science, Mathematics, Computer Science or a related field An FSA designation from the SOA (required) and a minimum of 5 years of experience working in the actuarial field or an ASA designation from the SOA (required) and a minimum of 8 years of experience working in the actuarial field Currently a candidate in or qualified to become a candidate in the Aflac Actuarial Development Program (ASA and recent FSA) Hands-on modeling experience in ALM modeling and/or capital modeling Experience with Bermuda (re)insurance regulatory frameworks or other jurisdictions that adopt market consistent approach to reserve and capital methodology Or an equivalent combination of education and experience Education & Experience Required Experience with economic capital modeling, stress testing, and cash flow testing as part of solvency and financial condition assessmentsPrincipal Duties & ResponsibilitiesConducts analysis, pricing and risk assessment to estimate financial outcomes in complex actuarial situations; applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations; Works extensively with other departments (eg. product development, financial, compliance, and Japanese colleagues) to complete assignments on schedule Focuses on automation, streamlining and process enhancement to increase efficiency and adhere to best practices and internal controls Uses expertise with standard concepts, practices, and procedures and relies on judgment and business acumen where limited experience exists to plan and accomplish goals Communicates clearly and succinctly the findings of actuarial work to managers, executives, and external parties in an appropriate manner for the benefit of Aflac Prepare ad-hoc reports requested by internal customers (e.g. Underwriting) as well as external customers (e.g. Insurance Departments) Develops, enhances, and maintains an interactive asset and liability model Performs ALM stress testing and scenario analysis Leads model validation and audit-ready documentation efforts, ensuring compliance with local and internal regulatory requirements that include and not limited to model documentation, model change management and process documentation. Is proactive and a self-starter, and works with people remotely in different time zones and regions 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 Travel Less than or equal to 10%Total Rewards The salary range for this job is $110,000 to $140,000. This range is specific to the job and salary offers consider a wide range of factors that are considered in making compensation decisions, including, but not limited to: education, experience, licensure, certifications, geographic location, and peer compensation. The range has been created in good faith based on information known to Aflac at the time of the posting. At Aflac, it is not typical for an individual to be hired at or near the top of the range for the role to allow for future and continued salary growth, and 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. 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.