Sr Mgr, Der/Complex Asset Acct

Salary Range: $130,000 - $190,000

Job Posting End Date: Recruiter to Complete

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.

Worker Designation – This role is hybrid. This means you will be expected to report to one of our Aflac offices located in Columbus, GA or 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. 

What does it take to be successful at Aflac? (Competencies)

• Acting with Integrity
• Communicating Effectively
• Pursuing Self-Development
• Serving Customers
• Supporting Change
• Supporting Organizational Goals
• Working with Diverse Populations
• Acting as a Champion for Change
• Demonstrating Initiative
• Developing Talent
• Managing Performance

What does it take to be successful in this role?

• Proficiency in applying hedge accounting principles, including the identification, documentation, and accounting for both cash flow and fair value hedges
• Understanding of relevant accounting standards, such as ASC 815 (US GAAP) or SSAP 86 (US STAT), and their implications for hedge accounting
• Ability to assess the effectiveness of hedging relationships and ensure compliance with hedge accounting requirements
• Strong leadership and time management skills
• Strong problem solving and critical thinking skills
• Demonstrable team building and talent development skills
• Technically proficient in reporting and accounting for derivatives and financial instruments
• Proficient in applying US GAAP and US STAT accounting concepts and all required reporting, e.g., 10K/Q and statutory blue book schedule and Notes preparation
• Knowledge, understanding, and ability to interpret and plan the implementation of accounting guidance promulgated by FASB, SEC and other organizations or committees issuing authoritative accounting guidance
• Excellent presentation, oral, written, and interpersonal communications skills
• Proficient in Microsoft Office business suite of software
• Familiarity with major Investment Accounting applications such as FAM, SAP, BPC, Workiva, and Bloomberg

Education & Experience Required

• Bachelor’s Degree in Accounting
• Ten years of professional job-related experience
• Five years of experience in a leadership/supervisory capacity

Or an equivalent combination of education and experience

Education & Experience Preferred

• Certified Public Accountant (CPA) Certification
• Five years of experience in investment accounting and/or derivatives in the insurance industry in a management role

Travel

• Less than or equal to 10%

Principal Duties & Responsibilities

• May manage and oversee the hedge accounting process, ensuring compliance with accounting standards including ASC 815 and SSAP 86
• May analyze and report on hedging activities, including net investment, cash flow and fair value hedges of interest rate and foreign currencies derivatives
• May manage accounting processes related to limited partnership and Joint ventures including contribution, distributions, and income, in accordance with ASC 323 Investment – Equity Method and Joint Ventures (US GAAP), SSAP No. 48 Joint Ventures, Partnerships and Limited Liability Companies and SSAP No. 97 Subsidiary, Controlled and Affiliated Entities
• May manage financial statements and disclosures for limited partnership and joint ventures for US GAAP and STAT while ensuring compliance with accounting principles
• May oversee Real Estate Owned (REO) accounting and reporting processes for all US GAAP, US STAT, internal management reporting, and all other regulatory agencies, as required
• Provides coaching, leadership development, and direction to staff
• Maintains the organizational framework and provides the necessary leadership to ensure the ongoing availability of a qualified and motivated staff to meet current needs and planned future growth
• Establishes, maintains, and monitors the design and effectiveness of the system of internal control over the derivatives and complex assets accounting functions and recommends modifications to the Investment Accounting risk control matrix (RCM), as needed, after consultation with Investment Accounting management and Internal Audit
• Maintains and ensures a continuous improvement culture by developing and tracking KPIs with the team, driving the effectiveness of daily huddle meetings and identifying ways to eliminate manual processes or to enhance processes/controls, and executing recommended changes as necessary
• Continuously reviews processes for increased efficiency and effectiveness
• Ensures that SOX control procedures and policies and SOX documentation is maintained and updated timely for the department in order to ensure compliance with Sarbanes Oxley
• Enhances operating and SOX control procedures and policies
• Compiles and reviews the company’s various regulatory filings with executive and senior financial management, and the company’s external auditors
• Leads the preparation, review, and analysis of the US GAAP, Statutory, and management financial statement results
• Leads the team to ensure investment transactions are properly recorded in the Investment Accounting sub-ledger and ledger
• Works closely with the Accounting Policy team to implement new pronouncements from the Financial Accounting Standards Board (FASB), Securities and Exchange Commission (SEC), and other regulatory authorities and to ensure conformity in financial applications and the implementation of all related disclosure and reporting requirements
• Provides leadership in managing cross functional projects for various required activities, such as but not limited to purchasing new asset classes, accounting for new transactions, implementing new accounting pronouncements, implementing new applications or systems to process accounting transactions, etc.
• Works closely with IT to ensure the system is producing accurate financial results
• Participates with a cross-section of Financial Services, Tax, Aflac Japan, and Global Investments on detailed analyses of proposed Investment-related accounting impacts on the Company’s financial position
• Performs other related duties as required

Total Rewards

The salary range for this job is $130,000 - $190,000. 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.