Senior Associate, Investment Valuation
Spread Your Wings
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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 by Fortune magazine as one of the 100 Best Companies to Work For in America for 20 consecutive years, one of the Best Workplaces for Millennials in 2015 (the inaugural year of the award) and one of America's Most Admired Companies for 18 years.
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.
Senior Associate, Investment Valuation
As part of Aflac’s Global Investment Accounting team, responsible for valuation model development, related governance, and execution of valuations to support investment accounting and reporting including proactively driving the realization of excellence in the investment and derivative valuation practice for financial reporting purposes through valuation modernization initiatives. Directly contributes to the determination of balance sheet fair value of the Company’s global invested assets and derivative portfolios as well as attribution analysis for changes in valuations.
Principal Duties & Responsibilities
Designs, builds, delivers and/or maintains quantitative valuation models utilizing various standard methods (including, but not limited to, discounted cash flow, option pricing, Monte Carlo simulation, market multiple, market transaction, etc.) to drive independent valuation, validation, and/or attribution for conventional and/or alternative investments
Develops, directs, and contributes to technology resources to build out, improve, enhance, or otherwise streamline existing derivative and asset pricing models and automated pricing processes to execute complete and accurate valuations of Aflac’s global investment and derivative portfolios
Coaches, teaches, mentors and otherwise disseminates industry knowledge, practices, experience and guidance regarding fixed income, equity, derivative and/or hard-to-value assets in order to build global institutional capabilities in alignment with best practices
Oversees and performs independent price verification and valuation analysis on a wide range of liquid and illiquid investments and derivatives broadly distributed across asset classes and external investment management firms; validates pricing models and analyses provided by third party valuation vendors
Reviews, interprets and/or processes investment and derivative documentation, data, and reports for a variety of fixed income and equity securities, derivatives, and alternative assets to determine appropriate fair value methodologies and alignment of practices with current market standards and best practices
Develops and leverages internal partnerships with Global Investments, Treasury, Accounting Policy, etc. and external partnerships with information providers, pricing vendors, investment banks, accounting firms, and networks to maximize the achievement of team and corporate goals
Documents modeling procedures and ensures auditability for model priced positions; directs, prepares, and maintains on-going documentation efforts with regard to valuation policies, internal controls, processes and results
Supports management with review and analysis of results, practices, policies, procedures, and technology solutions for portfolio valuation; prepares documentation for and presents to an executive-level Valuation and Pricing Committee focusing on results, key pricing and valuation initiatives and decisions
Assists with, determines and/or prepares the reporting of fair value accounting (i.e. Topic 820, formerly FAS 157, etc.) for conventional and hard-to-value assets
Performs other duties as required
Education & Experience
Bachelor's degree in computational finance, financial engineering, applied mathematics, statistics, accounting, finance, economics, mathematics, computer science, engineering or a related field, and ten years of professional job-related work experience in quantitatively oriented field, or an equivalent combination of education and experience.
Five or more years of professional job-related work experience in valuation and modeling of fixed income securities, equities, derivatives and/or alternative assets required
Experience with databases and programming languages (C/C++, Perl, Java, R, Python, VBA, etc.) required
Master's degree in computational finance, mathematical finance, financial engineering, applied mathematics, mathematics, economics, finance, physics, or other quantitatively intensive field preferred
Experience with Bloomberg, Reuters Eikon, BlackRock Aladdin/AnSer or other financial and investment market data and analytics providers and their associated application programming interface (API) functions preferred
Experience with Numerix, FinCAD, or other investment analytical software packages preferred
Job Knowledge & Skills
Clear, logical thinker with excellent analytical / quantitative abilities
Strong leadership and team-building skills
Team player with positive attitude and work ethic with ability to work independently
Successfully works with others and builds solid relationships
High proficiency in Microsoft Excel and high aptitude for learning new technologies
Detail oriented, with a highly disciplined approach to process and quality control
Ability to communicate results, complex topics and issues to management in an effective manner
Detailed knowledge of capital markets, financial instrument valuation, derivative valuation and risks measurement in a complex product area
Demonstrated ability to utilize quantitative, statistical and mathematical financial techniques for independent fair valuations of securities including prior experience in model development, risk, valuation, and model validation development and implementation
Ability to collect and analyze large amounts of market information, extract and effectively communicate findings, and incorporate results into valuation models and processes
Action Oriented, Customer Focus, Adaptability, Listening, Ethics and Values, Integrity and Trust
Business and Financial Acumen, Comfort Around Higher Management, Decision Quality, Functional/Technical Skills, Intellectual Horsepower, Problem Solving, Strategic Agility, Technical Learning, Time Management, Timely Decision Making
Aflac is known for treating our employees exceptionally well. As one of the leaders in the insurance industry, we’re able to offer one of the most comprehensive health benefits packages available in corporate America, including free coverage from one of our pioneering insurance products, the Aflac Cancer policy. Our employees also enjoy a host of other benefits, including advancement opportunities, opportunities for continued education and professional development, merit increases and performance bonuses, profit-sharing 401(k), stock purchase plans, and many more.