Associate Actuary, Long Term Care

Date: Mar 11, 2019

Location: Hartford, CT, US

Company: Lincoln Financial

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

Relocation assistance is not available for this opportunity.

Requisition #57588

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 $253 billion in assets under management as of December 31, 2017.

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 


The primary purpose of this role is product and actuarial support for the Long-Term Care products within the company. The ADP participant will contribute to the design, modeling, assumption setting, analysis, and state filing for new riders and contracts for MoneyGuard, the Life LTC Riders, and the Annuity LTC Riders.  The participant will have the opportunity to present analysis on projects to various stakeholders, including product management, pricing review, and risk management.   As an Associate Actuary in the Actuarial Development Program (ADP), you will be a more experienced participant in the program.  You will interact and support many functional units within and outside Insurance Solutions as you apply prior experience as well as continue to develop into a technical leader in the organization.

Pricing Analysis

  • Perform pricing analysis using vendor or internally developed software, and analyze the pricing results for new/redesigned annuity contract and rider benefits
  • Performs the ongoing rate setting and profit reporting for the LTC products
  • Determine appropriate assumptions, and how to model new product features. 
  • Assist in developing pricing strategies and provide consultation/clarification on actuarial models and risk issues. 
  • Collaborate with product development team on product design to meet or exceed profitability and sales objectives.
  • Directs, develops, and/or runs complex pricing models and analysis for LTC contracts and rider benefits. 
  • Present results of analysis to team members, key business partners, and management
  • Begins to lead actuarial pricing projects and proactively identifies challenges and resolutions.
  • Maintains awareness of developments in the LTC industry

Risk Analysis

  • Analyze risk management strategies, and various product and process requirements. 
  • Identify/evaluate potential changes in product design on assumptions and pricing expectations
  • Analyze and review product trends, sales trends and develop models to identify and monitor key trends..


Actuarial/ Technical Support

  • Maintain existing actuarial models and tools, and proactively identify and implement improvements. Develop tools and support product according to business needs.
  • Provide actuarial support for state filing or compliance, as needed

The Program

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial’ s commitment to creating highly qualified business leaders.  As an ADP participant, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed.
Program participants receive up to 175 hours of company time to study per exam sitting. Lincoln Financial Group purchases required exam materials and pays exam fees in advance for each program participant.



  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.
  • At least 5 SOA exams passed.


  • 3-5+ 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.


Nearest Major Market: Hartford

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