Sr Invest Acct, Derivatives

The Aflac Way: we develop and empower our people, cultivate relationships, give back to our community, and celebrate every success. Aflac is a Fortune 500 company and an industry leader in voluntary insurance products that pay cash directly to policyholders. Recognized as one of Fortune’s 50 Best Workplaces for Diversity and one of World’s Most Ethical Companies by Ethisphere.com, Aflac is about being there for people in need.

About the role

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 in Columbus, GA or Columbia, SC, you will work in the office at least 60% of the work week and remotely for the remainder. If you live more than 50 miles from those offices, the role is fully remote, though occasional in-office visits may be requested based on business need.

Success factors

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

Responsibilities

• Performs SOX testing and ensures SOX documentation is maintained and updated timely for the department to ensure compliance with Sarbanes Oxley.
• Analyzes and researches how to account for new derivatives and limited partnership investments.
• Documents and enhances operating and SOX control procedures and policies.
• Performs and reviews data entry of derivatives and limited partnership transactions.
• Prepares and reviews analytical data and reports for derivatives and other complex assets for all accounting bases, including USGAAP, STAT, and USTAX, and application of hedge accounting (if applicable).
• Prepares and reviews required quarterly and annual disclosures to be included in the SEC form 10-Q and 10-K.
• Prepares various reports to support management reporting, including but not limited to, hedge cost matrix.
• Runs accounting processes and ensures that the derivatives and complex assets general accounting activities are completed entirely, accurately, and in a timely manner.
• Interprets, analyzes, and implements new FASB and SSAP regulations concerning their relevance to Investments and derivatives, collaborating with the Accounting Policy team to determine appropriate treatment.
• Acts in a senior capacity, delegating assignments to, reviewing and approving the work of, and providing advice and direction to junior team members.
• Proactively identifies improvements and makes recommendations which may have an important bearing on management’s decisions and performance of the team.
• Assists the team and analyzes complex investment data and information; completes quantitative and qualitative reviews and prepares required internal and external records, reports, statistics, SEC and stockholders’ reports; develops and presents conclusions and recommendations to management.
• Leads or participates on project teams or committees assisting with the development, planning, and implementation of strategic long-range and short-range goals and objectives and continuous improvement.
• Identifies and resolves reconciliation discrepancies and provides detailed explanations for variances between the general ledger and sub ledgers; maintains complete and accurate regulatory filings.
• Develops, analyzes, and implements accounting procedures in a systems environment in conformance with applicable accounting requirements in collaboration with Japan Investment Accounting, Investment Tax, and system support IT teams to ensure processes and system set up are optimized and accurate for all bases of accounting needed.
• Establishes and maintains strong working relationships with business partners as their key point of contact in certain areas.
• Works with Investment and Derivatives Accounting leadership in tracking the progress made on departmental goals.
• Maintains and ensures a continuous improvement culture by developing and tracking KPIs with the team, and driving the effectiveness of daily huddle meetings.
• Maintains a continuous improvement culture by identifying ways to eliminate manual processes or enhance processes/controls, and execute recommended changes as necessary.
• Develops and maintains reports to enhance reporting requirements.
• Performs other duties as required, such as assisting other areas of investment accounting as a result of turnover or other project needs.

Requirements

• Advanced proficiency using Microsoft Word, Excel, PowerPoint, and Access software applications; VBA/macro experience preferred.
• Knowledge and experience with SAP, BW, Workiva, and/or similar accounting/financial software.
• Comprehensive knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB), with an emphasis on insurance accounting and/or derivatives and equity method accounting.
• Comprehensive knowledge of principles and practices of accounting and financial systems user applications (SAP preferred), including input/output processing and complex system concepts, and ability to understand and use computer systems and application tools for analysis.
• Strong knowledge and demonstrated experience performing financial analysis, reporting, and/or process improvement.
• Demonstrated competencies in consulting, change management, quality, and project management.

Qualifications

• Bachelor’s degree in Accounting or a related field.
• Six years of professional job-related work experience in investments or related accounting/reporting.
• Experience managing projects or implementation of continuous improvement initiatives.
• Or an equivalent combination of education and experience.
• CFA, CPA, CMA, or equivalent training and certification (preferred).
• Travel less than or equal to 10%.

Pay

The salary range for this job is $95,000 - $130,000. This range is specific to the job, and offers consider factors such as education, experience, licensure, certifications, geographic location, and peer compensation. The range does not include potential incentive pay or benefits.

Benefits

• Medical, dental, and vision coverage.
• Prescription drug coverage.
• Health care and dependent care flexible spending accounts.
• Aflac supplemental policies (Accident, Cancer, Critical Illness, and Hospital Indemnity offered at no cost to employee).
• 401(k) plans and opportunity to purchase company stock.
• Annual bonuses.
• 11 paid holidays.
• Up to 20 days PTO to be used for any reason.
• State-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked).
• Other leaves of absence, if eligible, when needed to support physical, financial, and emotional well-being.