Note: The job is a remote job and is open to candidates in USA. Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products. The Reinsurance Accountant II role involves performing accounting and treaty requirements for reinsurance activities, collaborating with various teams to ensure compliance and accurate reporting, and maintaining documentation for regulatory standards.
Responsibilities
- Performs treaty and accounting requirements for reinsurance activities
- Works with Financial Shared Services and other subject matter experts (both internal and external) to learn and document the Company’s reinsurance activities
- Works with the Reinsurance Accounting team to develop a centralized inventory of active reinsurance treaties and related provisions for timely and accurate adherence to treaty provisions
- Documents how reinsurance activities are reflected in the Company’s accounting and reporting systems on both a US GAAP and Statutory basis from a process and control perspective; documentation is maintained to meet business and operational needs, and to maintain compliance with Sarbanes-Oxley (SOX) 404 and Model Audit Rule (MAR)
- Performs the documentation and administration of existing reinsurance treaty agreements to ensure adherence to treaty provisions and requirements and to facilitate periodic cash settlement
- Works with the Financial Reporting team to complete all monthly, quarterly and annual accounting requirements including journal entries, performance of reinsurance-related activity, reinsurance accruals, and Schedule S filings
- Assists with external and internal audit requests
- Performs other related duties as required
Skills
- Understanding of accounting principles for U.S. GAAP
- Focus on detail and meticulous documentation of transaction support for accruals, settlements and other reinsurance deliverables
- Intellectual curiosity to learn and understand the U.S. GAAP, statutory and international accounting implications of the reinsurance program
- Proficient in Microsoft Office including Excel
- Proficient in process improvement techniques including diagnostic and problem-solving skills, and facilitation and negotiation skills
- Aptitude for learning accounting and data analysis systems/applications
- Excellent analytical, research and problem-solving skills
- Ability to exhibit and maintain professionalism in accordance with corporate standards
- Excellent written and oral communication skills, with ability to effectively collaborate with team and management
- Bachelor's Degree in Accounting, Finance, or a related field
- 4 years of professional job-related work experience
- Or an equivalent combination of education and experience
- Working toward Certified Public Accountant (CPA) designation
- Reinsurance experience
Benefits
- 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 to be used for any reason
- If eligible, 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 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
Company Overview