Job Description

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 2024, 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.

Program Overview

• The summer internship is an intensive 10-week virtual program within the externally managed "investment" portfolio management team, a team responsible for a broad set of asseet classes including alternatives, infrastructure debt, loans, and other fixed income products while using large data sets to inform their investment decisions.
• The Intern will gain valuable experience in market and economic events, using and sourcing large data analysis and synthesizing ideas from data , while also learning about insurance asset management and the industry. This may include; exposure to industry, company, financial and market analysis in the context of an insurance company environment while performing aspects of daily team activities, understanding how macro-economic and market events shape decision making.
• The Intern will benefit from exposure to Aflac Global Investments investment wide platform with emphasis on fixed income, understanding quantitative analytic solutions, along with investment risk management, and the execution of investments across our US and Japan operations.
• The Intern will interact with Senior Management and will present their analytical project(s) to an audience of key stakeholders including other analysts, investment professionals, and Senior Management.

Program Benefits

• Aflac Global Investments has over $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 to gain deep industry knowledge of investments through focused interaction with existing experienced professional staff to generate real-world work product.
• An open, collaborative work environment amongst 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.
• Weekly financial/investment/economic discussions with company senior stakeholders to develop and inform investment theory to practical application.

• Information sessions with senior management , networking with other interns placed throughout other areas of Aflac, and virtual 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 and analytics. The Intern will be assigned projects in support of current business needs including research, portfolio optimization, structuring of large data sets in support of portfolio management and understanding how data informs and drives investment decision making. The Intern will be assigned projects in support of current business needs including research and analyst responsibilities within one or more sectors for the full 10-week period.

Job functional responsibilities include:

• Communicate regularly with all aspects of an insurance asset manager with emphasis on relevant news, regularity of information, interpretation of information, data analytics and the potential risks, while developing methodology for presenting ideas in a thoughtful manner.
• Learn how to research and correlate investment data and supporting analytics to develop an assessment within defined data sets, industry analysis; along with identifying key trends and movement within financial markets.
• Conduct sector/company specific financial analysis and industry analysis with an emphasis in Infrastructure Debt and Real Estate assets; compile research as needed based on business direction.
• Create and maintain financial models and large data sets, while identifying key trends and statistical information to guide stakeholders in aiding in investment decisions.
• With supervision, assist in comprehensive daily review of externally mandated portfolios, for which responsibility is assigned, aligned with the Investment Management Agreement, Investment Guidelines and service level standards codified in the external mandate.
• Prepare findings to be presented to various investment committees as requested.
• Learn to compile detailed portfolio analysis on both the individual manager portfolio, strategy and aggregate portfolio levels. This may include industry relative value analysis.
• Summarize and present data and commentary in a visual format for senior level meetings
• Participate in various company /department wide meetings.
• 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 Credit, Portfolio, External Management, Enterprise-Wide Risk Management, Accounting, Actuarial, Tax, IT, HR, etc.
• Learn to compile detailed portfolio analysis on both the individual manager portfolio, strategy and aggregate portfolio levels
• Perform data-heavy research, validation, and review market data as it relates to external portfolio management and investment discussions. Work with GI colleagues and business partners to develop investment rationale and comprehensive documentation supporting new investment opportunities. Such documentation will address various lenses applicable to Aflac (e.g., Aflac’s various constituents, internal operational requirements, internal management presentations and documentation).
• Ad hoc projects, analyses, and support to external management team.

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 pursuing their master’s degree in a business/finance or STEM degree who is eager and willing to learn and have a strong interest in investments, finance, asset management, economics, insurance, and our company.

Additional qualifications include:

• GPA of 3.0 or above preferred
• Degree Focus: Finance, Statistics, Economics, Data or Business Analytics, or similar degree programs.
• Excellent analytical, quantitative, and problem solving skills
• Strong verbal and written communication skills
• Demonstrated leadership, interpersonal, and relationship management skills
• Basic understanding of financial statements
• 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: “hybrid work schedule – minimum of 3 days per week” and excited to have in-person learning for the summer of 2025.

The range on this positions is: $43.26/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.

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