VP, Portfolio Manager - SPC

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.

 

Summary of Role

We are seeking an experienced investor in structured private credit to help drive growth of the Aflac SPC portfolio.  The position will require market insight, an in-depth knowledge of the asset class, and understanding of its role within insurance company balance sheets.  This individual will be a member of GI’s multi-asset class Private Assets team and will have the opportunity to collaborate with other Portfolio Managers and investing teams. In addition, the position has responsibility to collaborate with investment leaders and their teams in GI and with business leaders and staff in Aflac Inc., Aflac US and Aflac’s Japan insurance asset management subsidiary (AAMJ), which has investment and asset management responsibility for Aflac’s Japan insurance company. 

 

Candidate Profile 

The candidate will have demonstrated experience as an investor/portfolio manager in structured credit and/or private debt asset classes as well as previous banking or institutional asset management experience.  The candidate will also have familiarity with major regulatory and leading industry frameworks influencing structured credit gained through experience in structuring, underwriting and/or investing in this asset class.  Technical knowledge of securitization structuring, modeling, legal documentation, etc. required.

 

Key Relationships

Reports to:  Managing Director, Head of Structured Private Credit

Primary Internal Relationships:  Structured Private Credit team, GI business leaders and staff across front, middle and back office, GI Risk, Finance, FP&A, COO/Operations, Investment Accounting, Tax, Compliance and other key Aflac business partners

Primary External Relationships:  Existing and new investment banking relationships, PE sponsors and other structured borrowers, peer and industry networks.

 

Principal Duties & Responsibilities

Key responsibilities include:

• Source deal flow, negotiate legal documentation and perform credit underwriting and relative value analysis on all new SPC deals
• Manage and monitor existing portfolio through regular portfolio management activities including routine credit reviews of existing holdings, industry research to identify trends affecting specific holdings, and regular reporting to business partners regarding overall portfolio performance.  
• Provide quantitative and qualitative analysis essential to creating and maintaining robust knowledge of structured credit market and the various esoteric asset types represented in the market.