Dir, Corp Actuarial Governance

Salary Range : $115,000 - $260,000

Job Posting End Date : September 30, 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 as a Champion for Change
• Acting with Integrity
• Communicating Effectively
• Developing Talent
• Managing Performance
• Navigating Organizations
• Pursuing Self-Development
• Serving Customers
• Setting Objectives
• Supporting Change
• Supporting Organizational Goals
• Working with Diverse Populations

What does it take to be successful in this role?

• Strong knowledge and understanding of actuarial governance
• Extensive knowledge of insurance products, operations and existing regulations
• Strong teamwork and interpersonal skills, including the ability to communicate effectively with all levels of the organization and the ability to collaborate with the actuarial team and management to reach a common agreement
• Strong analytical and diagnostic skills
• Excellent project management skills
• Excellent presentation, oral, and written communications skills

Education & Experience Required

• Bachelor's Degree In actuarial science, mathematics, statistics or a related field
• Fellow of the Society of Actuaries (FSA) designation
• 10 years of professional job related work experience, 5 years management experience
• Experience in corporate actuarial governance

Or an equivalent combination of education and experience

Education & Experience Preferred

Master’s degree in a related field

Travel

Less than or equal to 10%

Principal Duties & Responsibilities

• Leads a team in Corporate Actuarial responsible for enterprise actuarial governance
• Leads the creation of a global pricing policy
• Oversees standardization of pricing reports and reporting cadence across the enterprise to ensure compliance with pricing policy
• Leads the creation of an actuarial assumption and model governance policy
• Oversees a quarterly governance committee, reporting results to management and coordinates the preparation of materials to support current and future assumption and model changes;

documents the impact of each change prior to approval, to include the impact to financial statements and / or pricing results

• Establishes a framework to track when assumptions were last changed, the cadence to review each assumption, and the documentation associated with any changes.
• Develops Actuarial governance and model validation skills on the team
• Supports the LDTI unlocking assumption changes
• 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 $115,000 to $260,000.

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.