Actuary IV

Overview

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Salary Range: $110,000 to $140,000
Job Posting End Date:
June 1, 2026

Located in the U.S., 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.
Reports to the Aflac Re Chief Actuary.

• Conduct analysis, pricing and risk assessment to estimate financial outcomes in complex actuarial situations; apply knowledge of mathematics, probability, statistics, principles of finance and business to calculations.
• Work extensively with other departments (e.g., product development, financial, compliance, and Japanese colleagues) to complete assignments on schedule.
• Focus on automation, streamlining and process enhancement to increase efficiency and adhere to best practices and internal controls.
• Use expertise with standard concepts, practices, and procedures and rely on judgment and business acumen where limited experience exists to plan and accomplish goals.
• Communicate 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).
• Develop, enhance, and maintain an interactive asset and liability model.
• Perform ALM stress testing and scenario analysis.
• Lead model validation and audit‑ready documentation efforts, ensuring compliance with local and internal regulatory requirements that include, but are not limited to, model documentation, model change management and process documentation.
• Act proactively, be a self‑starter, and work with people remotely in different time zones and regions.
• Provide support to Aflac Inc. or its affiliates (other than Aflac Re Bermuda) as requested from time to time.
• This is not an exhaustive list, and the Actuary shall be expected to perform other duties as required.

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

• 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
• Actuarial Competencies
• Technical Knowledge & Skill – Comprehensive:
  Performs data analysis, synthesizes it into something meaningful, and develops materials and presentation of findings; understands data limitations and considers influence of business processes, market segmentation strategies, and industry factors on analysis; identifies, sets, and defends actuarial and financial assumptions; develops, enhances, and delivers actuarial and financial models that effectively evaluate risk.
• Project Management – Comprehensive:
  Can effectively lead projects, including those with cross‑functional accountabilities; highly responsive to dynamic business needs while partnering with other functional or operational areas; identifies and initiates projects suggested by business needs or strategies and reprioritizes work or…