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Sr Mgr, Acct Policy&Adv-Invest

The Company:  Aflac Incorporated
The Location: 

New York City, NY, US, 10005 Columbus, GA, US, 31999 Remote, US

The Division:  Financial Services
Job Id:  2724

Job Summary

Provides accounting services in New York and globally for Aflac Global Investments to improve investment execution and enable effective partnership on finance and accounting services across the U.S. and Japan; day-to-day accounting decision support to understand and translate specifics into global accounting implications, with the ability to explain specifics; interpretation of policy into business/strategic assumptions; and provides a holistic view of both accounting/policy implications and operations for investments in new asset classes and capital markets transactions.

 

Principal Duties & Responsibilities 

  • Collaborates with Aflac Global Investments’ business partners and others across Financial Services and other business units, as required, to interpret new, existing, proposed, and finalized accounting standards to determine the potential impact to the organization; provides summary of accounting impact to management and business partners 
  • Tracks and summarizes new regulations and new pronouncements so that business partners with different levels of expertise can understand relevant implications 
  • Assists in formulating new accounting policies relevant to the Company’s investment and capital markets activities; works with global Accounting Policy Team to assist with drafting policies; reviews policies with relevant business partners and finalizes accounting policies in accordance with Company’s operational policies and procedures 
  • Directs and performs technical accounting research and provides interpretation of ambiguous and complex accounting literature to address technical accounting questions
  • Continuously collaborates with Finance and Global Investments teams in Japan, as applicable, on issue resolution and to ensure appropriate information sharing. Works closely with the Japan team to analyze, identify, offer and implement solutions that meet Global Investments’ needs 
  • Monitors accounting standard and regulatory developments and anticipates impact on accounting related to the Company’s investment and capital market activities; assists with drafting formal comment letters to various standard-setting groups 
  • Collaborates and works closely with Financial Services personnel in the review and analysis of significant, and complex business transactions 
  • As needed, supports monitoring of the adoption of International Financial Reporting Standards (IFRS) in Japan related to the Company’s investment and capital markets activities 
  • Communicates accounting policies and positions both verbally and in writing to business partners as well as external and internal auditors 
  • Assists in creation and maintenance of investment and capital markets-related accounting policies and accounting checklists; continually evaluates relevant processes and recommends process improvements 
  • Partners with GI on new investment strategies and develops new investment strategy/ product requests via New Investment Approval Process 
  • Identifies relevant accounting considerations and provides interpretation pursuant to US GAAP, Japanese GAAP (JGAAP), US Statutory Accounting, as well as collaborates with Tax Department to understand and document US Tax and Japan Tax consequences 
  • Provides key advice on significant business/product decisions, providing technical expertise as needed; anticipates and provides solutions to complex finance and accounting problems for Aflac Global Investments 
  • Develops and disseminates accounting documentation on new and complex investment products and transactions, as well as new accounting standards, including details on accounting and tax implications, pricing and valuation, and policy interpretations for Aflac Global Investments 
  • Performs other related duties as required

 

Education & Experience Required

  • Minimum Required Bachelor's Degree accounting
  • Minimum Required Certified Public Accountant (CPA) designation 
  • Minimum Required eight years of experience in Accounting Policy or Advisory Preferred Insurance industry experience
  • Minimum Required Strong experience with capital markets-related US GAAP accounting and Statutory accounting rules (including, but not limited to, recognition & measurement of financial instruments, impairment, income recognition, consolidation, accounting for derivatives/hedging transactions, foreign currency transactions/translations, transfers of financial instruments)

 

Education & Experience Preferred

  • Preferred Experience with or exposure to Japan and JGAAP
  • Preferred Asset Management experience

 

Or an equivalent combination of education and experience.

 

Job Knowledge & Skills 

  • Solid knowledge of Treasury and Tax preferred 
  • Self-motivated and able to work in a fluid environment 
  • Strong knowledge of U.S. GAAP, SEC regulations, U.S. statutory reporting for insurance companies 
  • Strong knowledge of investment products (equity/debt securities, loans, derivatives) and understanding of capital dynamics 
  • Excellent interpersonal, organizational, and communication skills, both written and verbal 
  • Strong drive to learn, achieve and improve 
  • Detail oriented and highly organized with the ability to work on multiple projects with different deadlines 
  • Strong analytical and problem solving skills

 

Competencies 

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

 

Working Conditions

The statements below describe the general nature and level of the work and are not an exhaustive list of all responsibilities, duties, and skills required.

Normal office environment (virtual or in-person)

 

Travel

≤ 10%


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City