A

Aflac

Supplemental health and life insurance provider

Actuary 3

Full-TimeUpdated on 10/23/2026Deadline 10/31/26
$100k - $130k
Mid
Bachelor's
Columbus, GA, USA+1 moreMore locations: Columbia, SC, USA
Hybrid
InsuranceActuarial & Risk Modelling

About the job

Requirements
  • Proficiency coding models in applications such as Excel, mainframe systems, SQL, MG-Alfa, or similar actuarial software.
  • Strong verbal and written communication skills.
  • Advanced technical knowledge and skill in data analysis, synthesizing findings, developing presentations, understanding data limitations and business-process influences, setting and defending actuarial and financial assumptions, and developing actuarial and financial risk models.
  • Advanced project management ability, including leading cross-functional projects, responding to changing business needs, initiating projects based on business needs or strategies, and reprioritizing work or seeking resources.
  • Advanced communication ability to explain business issues and potential solutions for informed decisions, proactively provide practice-area results to business partners, and communicate business concepts to diverse audiences.
  • Intermediate business knowledge and acumen to align actuarial analysis with organizational goals, understand company products and functions, and connect technical actuarial analysis to business outcomes.
  • Advanced ability to develop projects, plans, and priorities consistent with business initiatives and achieve results that contribute business value.
  • Intermediate ability to develop broader business acumen beyond actuarial competencies and build business partnerships through consulting advice.
  • Intermediate influencing ability to interpret business and technical information, drive discussions with external partners, and build agreement and commitment for recommendations.
  • Advanced decision-making ability to make timely recommendations with incomplete data, include others as warranted, and evaluate options and consequences.
  • Professional conduct and ability to interact with others in a way that gives confidence in one's intentions, listening respectfully and objectively.
  • Basic ability to develop staff or others with business-leader competencies, provide cross-functional project or mentoring opportunities, and support a diverse talent and leadership pipeline.
  • Basic ability to ensure employees understand their roles in business priorities, inspire alignment with financial and corporate goals, and involve employees in decision making, milestone setting, one-on-ones, and key business information.
  • Bachelor's degree in actuarial science, mathematics, computer science, or a related field, or an equivalent combination of education and experience.
  • Associate of the Society of Actuaries (ASA) designation and commitment to continue toward Fellow of the Society of Actuaries (FSA) designation.
  • Currently a candidate in, or qualified to become a candidate in, the Aflac Actuarial Development Program.
  • Three years of professional job-related work experience, or an equivalent combination of education and experience.
  • Travel of 10% or less.
Responsibilities
  • Apply knowledge of actuarial standards of practice and business acumen to solve challenging actuarial questions.
  • Work with other departments, including product development, finance, compliance, and Japanese colleagues, to complete assignments on schedule.
  • Review and analyze statistical data, including morbidity, mortality, and termination experience, as well as policy provisions, state regulations, and other documents.
  • Use standard concepts, practices, and procedures, applying judgment and business acumen when experience is limited to plan and accomplish goals.
  • Communicate actuarial findings to managers and executives in an appropriate manner to support business decisions.
  • Represent the department in internal and external groups for Aflac's benefit.
  • Perform other duties as required.

About the company

Aflac provides supplemental health and life insurance products to individuals and families, operating mainly in two regions: Aflac Japan and Aflac U.S. Its policies are designed to cover out-of-pocket costs from health events and income loss, including cancer, critical illness, accidents, hospital stays, and life events. These benefits are paid directly to policyholders to help manage medical expenses not fully covered by primary insurance. The products are distributed through a network of independent agents, brokers, and financial advisors, enabling a high-volume, low-premium model that supports a large, stable customer base and ongoing revenue. Japan is its largest market, and the company uses this broad distribution and scale to differentiate itself from competitors. The goal is to provide straightforward financial protection against unexpected health-related costs while expanding its presence in the U.S. and Japanese markets.

Company Size

10,001+

Company Stage

IPO

Headquarters

Columbus, Georgia

Founded

1955

Get referred to Aflac

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Japan first-half 2026 sales rose 7%; refreshed Tsumitasu and Anshin Palette drove growth.
  • U.S. group voluntary, dental, and vision products lifted sales 2.6% in Q2 2026.
  • Aflac repositioned $4.8 billion of portfolio assets, targeting $50 million annual investment income.

What critics are saying

  • A 9.3% weaker yen cut Q2 adjusted EPS by $0.05 and masks Japan profit.
  • Japan sales fell 5.6% in Q2 2026, showing Miraito comparisons and lapse pressure.
  • Japan Post now holds over 50 million shares, creating governance pressure during any 2026-2027 slowdown.

What makes Aflac unique

  • Aflac dominates Japan supplemental cancer insurance, anchored by Miraito, Tsumitasu, and Anshin Palette.
  • Its independent-agent distribution and iconic duck brand create cheap, persistent customer acquisition.
  • Forty-three consecutive dividend raises signal disciplined underwriting and shareholder-first capital allocation.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Unlimited Paid Time Off
  • Paid Holidays
  • Hybrid Work Options
  • Remote Work Options

Growth & Insights and Company News

6 month growth

-2%

1 year growth

-1%

2 year growth

-1%
PR Newswire
Oct 6th, 2026
bswift launches AI-powered carrier configuration tools with Aflac to simplify benefit plan setup and updates

bswift, a benefits technology and administration company, has launched AI-powered carrier configuration tools in partnership with Aflac. The tools help Channel Partners and clients add, switch, and update benefit plans more quickly and accurately. The technology uses bswift's Emma Intelligence to automatically configure plans, rates, and rules from uploaded carrier-specific plan documents, reducing manual work and errors. The system is tailored to each carrier's unique plan structures and documentation. The announcement builds on AI-native capabilities bswift introduced in July for setting up new small and midsize groups. The new tools address changes within existing sites on the bswift platform, particularly for complex products like voluntary benefits. bswift plans to expand the technology to additional carriers over time.

Yahoo Finance
Sep 19th, 2026
Aflac's net earnings jump 37.7% to $825M, but adjusted earnings fall 7.7% on yen weakness

Aflac reported divergent second-quarter results on 6 August. Net earnings rose 37.7% to $825 million, aided by reduced investment losses. However, adjusted earnings fell 7.7% to $883 million. Currency fluctuations masked underlying performance. The yen weakened 9.3% against the dollar, costing $0.05 per share. Excluding currency effects, first-half adjusted earnings per share rose 4.1% to $3.57. Japan's pretax adjusted margin widened to 34.3% from 32.0% as claims declined, though net earned premiums fell 3.7%. US net earned premiums increased 2.3% to $1.5 billion, but the pretax adjusted margin narrowed to 20.9% from 22.5%. Aflac returned $1.3 billion to shareholders during the quarter, including $983 million in buybacks. The company declared a $0.61 third-quarter dividend payable 1 September.

Yahoo Finance
Sep 17th, 2026
Jim Cramer calls Aflac 'not great, not bad' as insurer posts $825M earnings amid FX headwinds

On September 11, during Mad Money's lightning round, Jim Cramer described Aflac Incorporated as "not great, not bad," noting the stock isn't expensive but lacks significant growth potential. He said the company has limited downside risk at current levels. Aflac reported second-quarter net earnings of $825 million, up from $599 million the previous year. The company returned $1.3 billion to shareholders through $983 million in share repurchases and $309 million in dividends. However, total revenues declined to $4.1 billion, pressured by foreign exchange headwinds. Aflac Japan's adjusted revenues dropped 12.6% in dollar terms to $2.2 billion due to a weaker yen. According to Insider Monkey's database, 39 hedge funds held stakes in Aflac during the second quarter.

AktienSensor
Sep 16th, 2026
Japan Post Holdings acquires 63% stake in AFLAC for $5.8B

Japan Post Holdings has acquired approximately 63% of AFLAC Inc., purchasing around 50.6 million shares in a transaction valued at an estimated $5.8 billion. The Japanese entity is acting as trustee of a trust holding the stake. The acquisition gives Japan Post Holdings significant influence over AFLAC's corporate governance, including board appointments and strategic direction. AFLAC's share price rose modestly by 0.8% following the disclosure, closing at $117.50. The transaction was disclosed via Form 4 filing as of 10 September 2026. With AFLAC's market capitalisation standing at approximately $9.3 billion, the stake positions Japan Post Holdings amongst the insurer's largest shareholders. The cross-border ownership structure may attract regulatory scrutiny from both US and Japanese authorities. Institutional investors are advised to monitor the trust's proxy voting behaviour and governance decisions.

Yahoo Finance
Sep 8th, 2026
Aflac shares lag insurance sector ETF despite $61.7B market cap and Japan cancer insurance leadership

Aflac shares have underperformed the broader insurance sector, rising just 1.7% over the past three months compared to a 12.4% gain for the iShares U.S. Insurance ETF. The Columbus, Georgia-based supplemental insurance provider, valued at $61.7 billion, trades 10% below its July 52-week high of $130.22. The company's recent second-quarter results disappointed investors, with adjusted earnings of $1.75 missing expectations and revenue falling 1% year-over-year to $4.1 billion. Higher benefits and claims pressured profitability at Aflac U.S., whilst operations in Japan showed signs of slowing. Analysts have grown cautious about Aflac's growth prospects, questioning whether its core businesses can deliver sufficient expansion beyond share buybacks. The stock has dipped below its 50-day moving average, suggesting weakened near-term momentum despite holding above its 200-day average for most of the past year.