Sr. Associate Actuary, Modeling, Annuities

Date: Jun 15, 2019

Location: Greensboro, NC, US

Company: Lincoln Financial

Alternate Locations: Greensboro, NC (North Carolina)

Relocation assistance is not available for this opportunity.

Requisition #59129

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 the In-force modeling Actuary, you will be responsible for creating/maintaining the modeling for in-force optimization work and developing a long-term framework for assessing emerging product profitability and the profitability of our in-force blocks.  In this work, you will engage complex factors such as regulation, legal considerations, actuarial and financial implications, external messaging implications, and operational capabilities.

 

Responsibilities

 

Actuarial

  • Actuarial modeling of in-force products, including model validation and enhancement
  • Understand and Explain assumptions used in product development and incorporation of pricing assumptions into modeling work
  • Commitment to accuracy, model review, and disciplined and responsible approach to profitability evaluation and product rate setting
  • Collaboration with other actuarial areas (ALM, Valuation, Pricing) to compile models and assess potential impact
  • Engagement with legal, communications, distribution, and other key concerned parties
  • Identification of ways to streamline process and assist in developing a long-term framework to measure in-force product profitability
  • Strong project management skills, showing the ability to coordinate and balance multiple projects in a time-sensitive environment

 

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.

 

Requirements

 

Education

  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.

 

Experience

  • Fellow of the Society of Actuaries
  • 5-7+  years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position.
  • Strong work experience
  • Demonstrated leadership experience
  • Strong communication and problem solving skills
  • Ability to quickly learn and apply new skills and information
  • Strong curiosity and the ability to generate new ideas

 

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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Nearest Major Market: Greensboro

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