Associate Actuary Group Protection Monitoring

Date: Jul 17, 2019

Location: Boston, MA, US

Company: Lincoln Financial

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Charlotte, NC (North Carolina); Dover, NH (New Hampshire); Omaha, NE (Nebraska); Phoenix, AZ (Arizona)

Relocation assistance is not available for this opportunity.

Requisition #59893

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

This position will provide subject matter expertise and direction on experience analysis, assumption setting, and monitoring for the Group Protection business. S/he will direct, develop and perform complex actuarial analysis and provide recommendations for his/her assigned area(s) of responsibility.

 

DUTIES AND RESPONSIBILITIES

  • Conducts experience analysis, including determining and implementing methodology changes, reviewing internal experience and identifying material trends/changes, and delivering information to key stakeholders for use in their processes
  • Uses internal experience as basis and considering industry experience develop key baseline assumptions for LTD, Life, STD and other Group Protection businesses (e.g., termination rates, reopen rates, SSDI offsets, incidence, etc.)
  • Inventory, review, analyze, document, and clearly communicate all Group Protection assumption bases through a rigorous and cross-functional Assumption Governance process
  • Reviews emerging experience on a regular basis, identifies and assesses drivers of any significant variances, and assesses impacts of anticipated internal and external trends
  • Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future solutions.
  • Champions and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
  • Serves as a resource to team members and applicable internal/external stakeholders on more complex assignments/projects for his/her assigned area(s) of responsibility.
  • Identifies and recommends process improvements that significantly reduce workloads or improve quality for his/her assigned area(s) of responsibility.
  • Consults/Analyze on more complex assignments and/or projects for his/her assigned area(s) of responsibility.
  • Coordinates, prepares, and performs more complex actuarial analyses for his/her assigned area(s) of responsibility.
  • Communicates results of actuarial research to business unit management.
  • Provides consultation on actuarial models and risk issues.
  • Finds and implements ways to enhance more complex models and processes to generate greater accuracy and efficiency.
  • Identifies more complex risk issues and uses effective model control and documentation processes.

 
EDUCATION AND EXPERIENCE

  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major (Minimum Required)
  • 3 - 5+ Years’ experience in actuarial science that directly aligns with the specific responsibilities for this position (Required)
  • Demonstrated SAS or SQL skills (Strongly Preferred)


CERTIFICATIONS

  • Upon Hire Certifications/Licensures: (5-8 Actuarial Exams passed; typically has ASA designation, progressing toward FSA designation.)

 
TRAVEL REQUIREMENTS

  • Travel Type: National Domestic
  • Travel Amount: up to 10%
     

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.

#P3 


Nearest Major Market: Boston

Job Segment: Developer, Risk Management, Actuarial, Accounting, Database, Technology, Finance, Insurance