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Actuary IV

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Aflac

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Location:
United States , Columbus

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Category:

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Contract Type:
Not provided

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Salary:

110000.00 - 140000.00 USD / Year

Job Description:

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.

Job Responsibility:

  • 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
  • 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

Requirements:

  • 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)
  • 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
  • Experience with economic capital modeling, stress testing, and cash flow testing as part of solvency and financial condition assessments
  • 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 skills
What we offer:
  • 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
  • an opportunity to purchase company stock
  • 11 paid holidays
  • up to 20 days PTO
  • state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked)
  • other leaves of absence

Additional Information:

Job Posted:
March 25, 2026

Expiration:
April 25, 2026

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:

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