Senior Associate Actuary - Reinsurance, Group Protection

Date: Feb 10, 2021

Location: Atlanta, GA, US

Company: Lincoln Financial

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Dover, NH (New Hampshire); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Work from Home (Excluding Colorado)

Relocation assistance will be considered/provided for this opportunity within our company guidelines.

 

Level: P4 

Requisition #65201

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $238 billion in assets under management as of December 31, 2018.

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

 

General Purpose of Job

The Reinsurance Actuary is responsible for assisting in the optimization of the Group Life and Health reinsurance programs for the Group Protection block of business. This position is within of the Risk and Capital Management area which is responsible for supporting Enterprise Risk Management (ERM) activities within the Group Protection division. He/She will need to operate independently in a fast-paced environment while handling multiple high priority projects. This role has a remote job option that can be performed anywhere in the United States except in Colorado.

Duties and Responsibilities

Reinsurance
• Analyze and provide direction on Lincoln Financial Group’s Group Protection Group Life and
Health reinsurance arrangements to ensure that reinsurance arrangements offer competitive,
industry leading solutions and are implemented appropriately.
• Support the development of Requests for Proposals (RFP) and/or treaty changes, as needed
• Evaluate, analyze and respond to reinsurer proposals including, but not limited to:
◦ Analyze financial impacts of all options on a GAAP and Statutory basis
◦ Ability to evaluate creative solutions
◦ Present all viable options and recommend best options for Lincoln Financial Group
• Lead and implement changes to reinsurance arrangements.
• Monitor the experience of various reinsurance programs.
• Provides subject matter expertise and ability to challenge the current reinsurance model.

 

Leadership
• Ensures area(s) of responsibility is meeting all objectives pertaining to quality, compliance,
regulations, productivity and customer service
• Keeps current in industry trends, issues and technology
• Plans strategies, anticipating what is ahead; prioritizes team and individual objectives based on
the enterprise’s vision, mission, values and goals
• Consistently generates innovative solutions and drives change initiatives that impact business
performance beyond one’s own area


Relationship Management
• Maintains a network of internal and external strategic relationships to help achieve business
objectives
• Utilizes informal and formal channels to drive outcomes
• Develops creative and collaborative approaches to driving customer-focused solutions which also
benefit the company’s top and bottom lines
• Partners with leaders and peers within product development, pricing, valuation, finance,
underwriting and reinsurance administration within the group protection business and corporate
enterprise risk management.
• Articulates information in a way that can be interpreted and understood at all levels
Process Improvement
• Directs and enhances organizational initiatives by positively influencing and supporting change
management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
• Identifies and directs the implementation of process improvements that significantly improve
quality across the team, department and/or business unit for his/her assigned area(s) of
responsibility.


Project Management
• Leads projects or programs with moderate resource requirements, risk and/or complexity.
• Provides subject matter expertise to team members and applicable internal/external stakeholders
on complex assignments/projects for his/her assigned area(s) of responsibility.
• Ensure group's processes and procedures are compliant.

Requirements

Education
• Undergraduate Degree or 4+ years of comparable work experience; educational concentration in
Actuarial Science is preferred.
• ASA designation is required.
• FSA designation strongly preferred.


Experience
• 5-7+ years of experience in Actuarial positions that directly aligns with the specific responsibilities
of the position.
• Educational experience and/or proficiency in reinsurance is preferred.
• A demonstrated track record of consistently meeting and/or exceeding performance expectations.
• Possesses a bias for action and avoids workplace distractions.
• Drives performance targets to completion.

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

 

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

 

 

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

 

 

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