Salary Range: $73,000 - $172,000

Job Posting End Date: May 23, 2025

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?

• Proficient at coding models in various applications (Excel, SQL, MG-Alfa or similar actuarial software)
• Strong familiarity with model governance best practices and ability to implement independent model validation frameworks
• Experience with Bermuda (re)insurance regulatory frameworks, including the Bermuda Solvency Capital Requirement (BSCR) and the Scenario Based Approcah (SBA) regulations
• Strong written and oral communication skills
• Strong internal/external customer service skills

Actuarial Competencies

• Technical Knowledge & Skill - Comprehensive Performs data analysis, synthesizes it into something meaningful, and develops materials and presentation of findings. Understands data limitations and considers influence of business processes, market segmentation strategies, and industry factors on analysis. Identify, set, and defend actuarial and financial assumptions; develop, enhance, and deliver actuarial and financial models that effectively evaluate risk.
• Project Management - Comprehensive Can effectively lead projects, including those with crossfunctional accountabilities. Highly responsive to dynamic business needs while partnering with other functional or operational areas. Identifies and initiates projects suggested by business needs or strategies and reprioritizes work/seeks resources as necessary.
• Communication - Comprehensive Understand and explain business issues and potential solutions in a way that results in informed decision making. Proactively and routinely seeks out business partners to provide timely summary of practice area results. Has clear examples of delivering business concepts and messaging to a wide variety of audiences.
• Business Knowledge & Acumen - Advanced Aligns actuarial analysis and findings with the broader goals of the organization. Understands all of Aflac's products and business functions. Looks at problems from the overall business framework, rather than only a technical framework, and links the technical actuarial analysis to the bottom line.
• Delivers Results - Comprehensive Develops projects, plans, and priorities that are consistent with business initiatives and goals. Consistently achieves results, personally and through others that contribute business value. Develops actions that lead to stated business goals based on actuarial or financial findings.
• Develops Self & Others - Advanced Steps outside actuarial competencies and develops broader business acumen -- goes beyond the technical aspect of a problem. Creates valued business partnerships based on consulting advice provided; seeks out opportunities to mentor others. Participates in new and challenging work experiences outside of one's own functional area.
• Influencing - Advanced Interprets business and technical information in a way that influences key decision makers / stakeholders. Drives discussions on meaningful business issues and potential solutions with external partners. Demonstrates the ability to build agreement, commitment, cooperation, and enthusiasm for recommendations -- even with difficult messages.

Education & Experience Required

• Bachelor’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)
• Five years of experience working in the actuarial field required with FSA designation or eight years of experience working in the actuarial field required with ASA designation

Or an equivalent combination of education and experience

Education & Experience Preferred

• Experience with Bermuda (re)insurance regulatory frameworks, including the Bermuda Solvency Capital Requirement (BSCR) and the Standard Business Activities (SBA) regulations
• Hands-on experience in ALM modeling, capital modeling, and assumption setting
• Experience with economic capital modeling, stress testing, and cash flow testing as part of solvency and financial condition assessments

Travel

• Less than or equal to 10%

Principal Duties & Responsibilities

• Develops, enhances, and maintains Asset Liability Management (ALM) models, ensuring alignment with Bermuda Economic Balance Sheet (EBS) framework
• Performs ALM stress testing and scenario analysis in accordance with Bermuda Monetary Authority (BMA) regulations
• Leads model documentation efforts, ensuring compliance with BMA’s Model Governance Framework, including validation and audit-ready documentation
• Provides actuarial insights on Bermuda regulatory filings, including Economic Balance Sheet (EBS) calculations, ensuring proper interpretation and application of BMA regulatory requirements
• Conducts 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
• Uses expertise with standard concepts, practices, and procedures and relies on judgment and business acumen where limited experience exists to plan and accomplish goals; a wide degree of creativity and latitude is expected
• Communicates the findings of actuarial work to managers, executives, and external parties in an appropriate manner for the benefit of Aflac; Leads the representation of the department in internal and external groups for the benefit of Aflac
• Prepares ad-hoc reports requested by internal customers (e.g. Underwriting) as well as external customers (e.g. Insurance Departments)
• Performs other 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 $73,000 - $172,000.

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.