Reinsurance Accountant II

Salary Range: $48,000 - $110,000

Job Posting End Date: December 6, 2024

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?

• Understanding of accounting principles for U.S. GAAP

• Focus on detail and meticulous documentation of transaction support for accruals, settlements and other reinsurance deliverables

• Intellectual curiosity to learn and understand the U.S. GAAP, statutory and international accounting implications of the reinsurance program

• Proficient in Microsoft Office including Excel

• Proficient in process improvement techniques including diagnostic and problem-solving skills, and facilitation and negotiation skills

• 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

• Knowledge and experience with SAP preferred

Education & Experience Required

• Bachelor's Degree In Accounting, finance, or a related field
• Four years of professional job-related work experience

Or an equivalent combination of education and experience

Education & Experience Preferred

• Working toward Certified Public Accountant (CPA) designation
• Reinsurance experience

Travel

Less than or equal to 10%

Principal Duties & Responsibilities

• Performs treaty and accounting requirements for reinsurance activities.

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

• Works with the Reinsurance Accounting team to develop a centralized inventory of active reinsurance treaties and related provisions for timely and accurate adherence to treaty provisions.

• 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).

• Performs the documentation and administration of existing reinsurance treaty agreements to ensure adherence to treaty provisions and requirements and to facilitate periodic cash settlement.

• Works with the Financial Reporting team to complete all monthly, quarterly and annual accounting requirements including journal entries, performance of reinsurance-related activity, reinsurance accruals, and Schedule S filings.

• Assists with external and internal audit requests.

• 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 $48,000 to $110,000.

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.