AVP, Actuarial Modeling Strategy

Date: May 9, 2019

Location: Hartford, CT, US

Company: Lincoln Financial

Alternate Locations: Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Radnor, PA (Pennsylvania)

Relocation assistance is not available for this opportunity.

Requisition #59481

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

This position will provide leadership and direction on strategic actuarial projects/initiatives for his/her assigned area(s). S/he will provide functional expertise to workstreams & leaders on developing and refining plans to support actuarial business goals & objectives. S/he will also lead the development of a governance framework to facilitate effective implementation of initiatives and continuous monitoring on progress and opportunities for improvement.

Responsibilities

Strategy

  • Collaborate with business unit and corporate stakeholders to develop vision for future of actuarial modeling organization
  • Evaluates actuarial systems / platforms and their use in day-to-day processes; provides recommendations to senior leadership and drives long-term vision for use of a single or preferred set of platforms.
  • Identifies and evaluates potential strategic improvement opportunities, conducts cost-benefit analysis, and develops roadmap for execution.
  • Provides strategic direction to a project team and stakeholders; organizes and leads meetings to define requisite reporting and develop effective methods to collect status of identified deliverables.
  • Advises on strategic prioritization and operational change management for all aspects of initiatives, ensures leaders have the appropriate tools to successfully implement new business structures/processes.
  • Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility.
  • Provides strategic direction to build and enhance the capability for his/her assigned area(s) of responsibility.

Leadership

  • Leads the implementation of strategic actuarial projects/initiatives, including the coordination of planning, resources, change management, and communications to ensure execution supports business goals/objectives.
  • Partners with Service Management Lead to define a governance framework that assigns and reinforces roles & accountability for continuous monitoring and improvements to initiatives; collaborates with leadership to facilitate adoption.
  • Drives initiative/transition timelines, manages logistics of knowledge transfer, and holds stakeholders accountable for assigned deliverables.
  • Partners with senior management / leadership to assign accountability for project/initiative deliverables
  • Proactively identifies issues/conflicts that may impede execution; engages leadership and other stakeholders to evaluate issues, drive resolution, and enable successful outcomes
  • 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 strategies.
  • Provides subject matter expertise to project team, other stakeholders, and management on best practice standards to ensure consistent documentation / methodology throughout initiative/transition.
  • Leads reviews of achievements vs. planning; regularly reports progress to Actuarial leadership.

Change Management

  • Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility
  • Collaborate with business unit and corporate stakeholders to define long-term organization structure, incorporating various business & environmental changes related to regulatory requirements, efficiency targets, and other potential impacts to business needs. 

Requirements
Education

  • 4 Year/Bachelor's degree Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major or 4 years equivalent work experience in lieu of Bachelor’s
  • FSA Preferred

Experience

  • 10+ years of actuarial experience directly related to the specific responsibilities of this position
  • Previous project/ transformation experience with an eye for continuous improvement opportunities, is preferred
  • Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.
  • Demonstrates strong interpersonal skills with a collaborative style.
  • Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
  • Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
  • Strong understanding of actuarial activities and day-to-day processes / systems
  • Out-going communicator that builds and maintains cross-functional relationships. Comfortable with asking detailed questions and challenging accepted practices.
  • Demonstrated understanding of how deliverables / systems fit into the bigger picture. Ensure transformation opportunities fit into the end state vision
  • Able to work through obstacles & pushback from stakeholders
  • Able to work with multiple parties including internal stakeholders, IT, and external consultants #LI-CG1

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.

#P5 


Nearest Major Market: Hartford

Job Segment: Law, Risk Management, Actuarial, Computer Science, Legal, Finance, Insurance, Strategy, Technology