Director, Accounting Policy

Aflac   •  

Columbus, GA

Industry: Accounting, Finance & Insurance

  •  

11 - 15 years

Posted 127 days ago

This job is no longer available.

Director, Accounting Policy

Job Summary

This is a lead role in technical accounting policy focused on researching and analyzing complex accounting issues and transactions, applying relevant technical guidance, and interpreting appropriately. The key responsibilities are to ensure up-to-date company-wide accounting policies are in compliance with relevant authoritative accounting literature, leading company-wide implementations of new accounting policies and close collaboration with key business partners across the enterprise to provide timely and accurate accounting advice.

 

Principal Duties & Responsibilities

Collaborates with senior management and others across business units to interpret new, existing, proposed, and finalized accounting standards to determine the potential impact to the organization; provides summary of accounting impacts to management and business partners

 

Provides thorough expertise on new regulations and translates new pronouncements so that business partners with different levels of expertise can understand relevant implications

 

Formulates new policy; works with other members of Accounting Policy & Advisory Team to draft, or facilitate drafting, policies; reviews policies with management and finalizes accounting policies in accordance with company operational policies and procedures

 

Directs and performs technical accounting research and provides interpretation of ambiguous and complex accounting literature to address technical accounting questions

 

Directly manages Accounting Policy Team in Columbus and partners withAccounting Policy and Advisory team members in Japan and New York

 

Monitors accounting standard and regulatory developments and anticipates impact on accounting; participates in discussions and conferences with standard setters, regulators, and other industry participants; drafts formal comment letters to various standard-setting groups, including the International Accounting Standards Board (IASB), Financial Accounting Standards Board (FASB), National Association of Insurance Commissioners (NAIC); the Securities and Exchange Commission (SEC); and through resources in Japan, the Accounting Standards Board of Japan (ASBJ)

 

Collaborates and works closely with Financial Services personnel in the review and analysis of significant, and highly complex business transactions, including, but not limited to: business combinations, reinsurance transactions, new debt and equity issues, and new insurance products

 

Plays a key partnership role in the monitoring of the adoption of International Financial Reporting Standards (IFRS) in Japan, as needed, and, if necessary, develops system requirements under IFRS, including accounting policy elections, monitoring IASB developments and convergence with U.S. Generally Accepted Accounting Principles (GAAP)

 

Communicates accounting policies and positions both verbally and in writing with business partners, management, external and internal auditors

 

Coordinates updates to the Global Accounting Policy Library and accounting checklists; continually evaluates departmental processes and recommends process improvements; provides expertise in recommending enhancements and/or additions to the Manual

 

Represents the company externally on issues relating to accounting policy through participation in industry-wide associations and related organizational meetings

 

Identifies relevant accounting considerations and provides interpretation on US GAAP, JGAAP, Statutory, FSR, US Tax, and J Tax, as relevant

 

Provides key advice on significant business/product decisions, providing technical expertise as needed

Qualifications

 

Education & Experience

Bachelor’s degree in accounting and 10+ years of experience in Finance or an equivalent combination of education and experience

 

Public accounting experience a plus

 

Certified Public Accountant (CPA) designation is required

 

Job Knowledge & Skills

Strong knowledge of Treasury and Tax

 

Insurance industry experience

 

Experience with or exposure to Japan and JGAAP

 

Self-motivated and able to work in a fluid environment

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