Reinsurance Accountant II

$48,000 - $110,000/Yr

Aflac - Atlanta, GA

Full-time - Mid Level

Remote - Atlanta, GA

251-500 employees

Insurance Carriers and Related Activities

About the position

The position involves performing treaty and accounting requirements for reinsurance activities at Aflac, a leading voluntary insurance company. The role requires a strong understanding of accounting principles, particularly U.S. GAAP, and involves meticulous documentation and collaboration with various teams to ensure compliance and accuracy in financial reporting. The successful candidate will be detail-oriented, possess excellent analytical skills, and be able to communicate effectively with both internal and external stakeholders.

Responsibilities

• Performs treaty and accounting requirements for reinsurance activities.
• Works with Financial Shared Services and other subject matter experts to learn and document the Company's reinsurance activities.
• Develops 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.
• Maintains documentation to meet business and operational needs, and to maintain compliance with Sarbanes-Oxley (SOX) 404 and Model Audit Rule (MAR).
• Administers existing reinsurance treaty agreements to ensure adherence to treaty provisions and facilitate periodic cash settlement.
• Completes all monthly, quarterly and annual accounting requirements including journal entries and reinsurance accruals.
• Assists with external and internal audit requests.
• Performs other related duties as required.

Requirements

• Bachelor's Degree in Accounting, Finance, or a related field.
• Four years of professional job-related work experience or an equivalent combination of education and experience.
• Understanding of accounting principles for U.S. GAAP.
• Proficient in Microsoft Office including Excel.
• Excellent analytical, research, and problem-solving skills.
• Ability to exhibit and maintain professionalism in accordance with corporate standards.
• Excellent written and oral communication skills.

Nice-to-haves

• Working toward Certified Public Accountant (CPA) designation.
• Reinsurance experience.
• Knowledge and experience with SAP preferred.

Benefits

• Medical, dental, and vision coverage.
• Prescription drug coverage.
• Health care flexible spending account.
• Dependent care flexible spending account.
• Aflac supplemental policies offered at no cost to employee.
• 401(k) plans.
• Annual bonuses.
• Opportunity to purchase company stock.
• 11 paid holidays annually.
• Up to 20 days PTO to be used for any reason.