Sr. Actuarial Associate, Actuarial Valuation

Date: Apr 18, 2019

Location: Greensboro, NC, US

Company: Lincoln Financial

Alternate Locations: Greensboro, NC (North Carolina); Hartford, CT (Connecticut)

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

Requisition #58563

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.


The Role


As a Senior Associate Actuary, you will assist with the valuation of life policyholder assets and liabilities.  You will be responsible for modeling the business on both a statutory and a GAAP basis.  You role will serve as a subject matter expert on the topics of GAAP intangible assets and liabilities (DAC/DSI/VOBA/UREV/SOP 03-1), statutory valuation (XXX, AG-36, AG-37, AG-38) and be critical in the calculation, reporting, and analysis of these items.




Valuation and Financial Reporting


  • Perform quarterly valuation production duties for GAAP financial reporting
  • Maintain SOX controls to ensure quality and integrity of reported financial results
  • Assist with internal and external auditor requests, as well as ad-hoc reporting requests
  • Explain model results and deviations from expectations
  • Analysis
  • Perform analysis of GAAP intangible results and statutory reserves
  • Understand and explain GAAP/Stat earnings for assigned block of business
  • Perform other ad-hoc analysis
  • ALFA / Triton Modeling
  • Conduct liability projections in ALFA used in DAC/VOBA/DFEL amortization calculations and SOP 03-1 reserve development
  • Research, update, document, and explain model assumptions and results
  • Identify and oversee implementation of model improvements to enhance accuracy
  • Leverage projection models for additional purposes including analyzing reinsurance treaty cash flows and projecting GAAP income over a long time horizon


    Operational Excellence


  • Lead projects and process improvement initiatives to advance the team goals of efficient and accurate reporting
  • Collaborate with other actuarial areas including Pricing and ALM to keep models up-to-date with new product coding and incorporating modeling best-practices
  • Provides direction on complex assignments, projects, and/or initiatives to build and enhance the capability of his/her assigned area(s) of responsibility.
  • 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.
  • Provides subject matter expertise to team members and applicable internal/external stakeholders on complex assignments/projects for his/her assigned area(s) of responsibility.
  • Maintains knowledge on current and emerging developments/trends for assigned area(s) or responsibility, assess the impact, and collaborates with senior management to incorporate new trends and developments in current and future solutions.  Especially in regards to regulatory guidelines and proposed changes to accounting.



  • Lead analysis of GAAP intangible results and statutory reserves and clearly communicate results to management for assigned block of business
  • Understand and explain GAAP/Stat earnings for assigned block of business
  • Perform other ad-hoc analysis
  • Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.
  • Leads actuarial projects and proactively identifies challenges and resolutions.
  • Analyzes and synthesizes information from multiple sources in varying degrees of completeness and clarity to develop and present actuarial recommendations to different levels of management and other stakeholders




  • Undergraduate degree or 4+years of comparable work experience; educational concentration in Actuarial Science, Math, Statistics, or Computer Science is preferred
  • FSA designation or ASA designation with additional years actuarial experience



  • 5 – 7+ years of experience years in actuarial science that directly aligns with the specific responsibilities for this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience
  • Technical, programming, and modeling skills in Triton and MG-ALFA is preferred
  • In depth understanding of DAC and familiarity with SOP 03-1 calculations 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#LI-AE!

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.


Nearest Major Market: Greensboro

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