Intern - Global Investments

The Company: Aflac Asset Mgt. LLC

The Location:

New York City, NY, US, 10005

The Division: Global Investment

Job Id: 6283

About Our Company

Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments) is a wholly owned subsidiary of Aflac Incorporated (Aflac). Aflac Global Investments (GI) located in New York’s financial district and is the organization responsible for the overall investment activities of Aflac, Inc. and subsidiaries in Japan, Bermuda, and the U.S. With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements. GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships) which generates approximately $3.5 billion a year in net investment income. As of year-end 2023, Aflac’s total general account portfolio was approximately $100 billion.

The investment teams support GI’s overall goals and objectives by providing market insight and in-depth knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets utilizing both internal teams and external third party asset managers. In 2021, Aflac Inc. became a signatory of the Principles of Responsible Investment (PRI), the global framework for incorporating ESG considerations into investment and ownership decisions. As a PRI signatory, Aflac reinforced their continued commitment to seeking ESG friendly investments into their overall SAA.

Program Overview

• The Summer Internship is anintensive 10-week programwithin the strategic opportunities team, a team responsible for identifying, assessing, and executing Aflac GI’s equity investments in third party asset managers with a focus on a disciplined return on investment methodology.

• The Intern will gain valuable experience performingfinancial modeling and valuation, while also developing deep industry and market knowledge across insurance asset manager with a strong emphasis on U.S. and introduction to Japan capturing a variety of institutional and industry specificconcepts to help inform investment professionals.

• The Intern will benefit fromexposure to Aflac Global Investments investment wide platformwith emphasis on macro-economic data used across portfolio with an emphasis on fixed income, understanding investment risk management, economic undercurrent, and leading up to how information is assembled and presented to key stake holders.

• The Intern willinteract with Senior Managementand will present their analytical project(s) to an audience of key stakeholders including other investment professionals, analysts, traders, portfolio managers, and Senior Management.

  Program Benefits

• Aflac Global Investments has$100 billion of assets under management.

• Aflac is a Fortune 100 company with a significant overseas operations in Japan and a corporate culture that recognizes and rewards excellence in all of its employees.

• Opportunity togain deep industry knowledge of investments through focused interactionwith existing experienced professional staff to generate real-world investment knowledge.

• An open,collaborative work environmentamongst other interns in different programs, as well as employees and senior management.

• Training sessions including Introduction to Fixed Income, Life Cycle of Trading, Understanding Investments Technology Platform, The Role of Compliance in an Insurance Investment Firm, Credit/Market Risk, Derivatives, Macro Strategy, and Understanding the Buy-Side of Investments.

• Weeklyfinancial/investment/economic discussions with company sr. stakeholdersto develop and inform investment theory to practical application.

• Information sessions with senior management , networking with other interns placed throughout other areas of Aflac, and social activities.

  Professional Development

  Our summer interns participate in a series of activities that provide the opportunity to learn about all areas of the firm, as well as on-the job training in portfolio management. Additional asset class exposure may include other fixed income assets, infrastructure debt, middle market loans, foreign exchange, derivatives, structured private credits and alternatives. The Intern will be assigned projects in support of current business needs while learning how to navigate the credit bond market (investment grade and high yield) and genesis of the investment decision and portfolio construction.

  Job functional responsibilities include:

• Contribute to the development and refinement of the investment valuation/ monitoring tools, utilizing a combination of a public market comparables, M&A comparables, and discounted cash flow analysis to review the performance and ongoing expectations for each investment and compare it to the initial deal underwriting

• Update/create presentation materials used to communicate strategy to senior management, the corporate development committee, and internal stakeholders

• Participate in screening and researching potential new partners from internal and external sources

• Manage special projects involving potential and existing strategic partners or other facets in support of GI strategic opportunities’ objectives

• Learn how to research and correlate investment ideas and supporting analytics to develop an assessment within defined data sets, industry analysis; along with identifying key trends and movement within financial markets, while developing methodology for presenting ideas in a thoughtful manner.

• Compile and maintain company and industry relative value analysis.

• Written and verbal presentations to assorted stakeholders

• Create and maintain large data sets, while identifying key trends and statistical information to guide stakeholders in aiding in investment decisions.

• Opportunity to significantly contribute to and influence the development of the company’s next-generation investment platform.

• Interact collegially and professionally with other members of the trading and quantitative, strategy, and research groups as well as well as other departments such as External Management, Enterprise-Wide Risk Management, Accounting, Actuarial, Tax, IT, HR, etc.

• Participate company /department wide meetings throughout the summer.

  The program offers various learning opportunities including presentations by senior management, business leaders, plus networking events with mentors, business sponsors, senior management and full time employees.

  Before Applying,consider the following

  We seek highly motivated student with MBA degree with a focus in finance, economics, statistics, or similar degree programs and has an ability to demonstrate a willingness to learn, intellectual curiosity, and have a strong interest working in investments, finance, data or business analytics within an insurance asset management and/or our company.

  Additional qualifications include:

• GPA of 3.0 or above preferred and in good standing with the school

• Working on Masters Business Administration (MBA) with a concentration in Finance, Statistics, Economics or similar degree programs

• Progress towards CFA charter a plus

• Financial modeling skills and familiarity with valuation methods preferred

• Excellent analytical, quantitative, and problem solving skills

• Strong verbal and written communication skills

• Demonstrated leadership, interpersonal, and relationship management skills

• Intermediate to advanced proficiency with MS Office, with an emphasis on Excel and PowerPoint

• All candidates must have eligibility to work permanently in the U.S. and must be physically located in the continental U.S. for the duration of internship.

• Working time zone is Eastern Standard Time in New York City.

• Worker Designation: requires a hybrid work schedule with a minimum of 3 days in the office

  The range on this positions is: $38.46/hr and is a non-exempt position. The position requires the individual to work 40 hours per week for 10 weeks based on the companies hybrid work schedule noted above.

  This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting. Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

  We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.

Nearest Major Market:Manhattan

Nearest Secondary Market:New York City