Senior Associate Actuary, Product and Pricing Executive Benefits

Date: May 19, 2019

Location: Hartford, CT, 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 #59184

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 Senior Associate Actuary, Executive Benefits Product Pricing, you will be responsible for the product development process, pricing, and in-force management. The person in this position will price new products and Private Placement cases; provide actuarial support for the filing of new products and riders; support product management.


 Pricing and Product Development

  • Design and develop model modifications as needed to enable analysis of complex actuarial issues.
  • Perform pricing analysis using vendor or internally developed software, analyze results for new/redesigned annuity contract and rider benefits, and provide consultation on actuarial models and risk issues.
  • Determine appropriate methodology and assumptions to model new product features. 
  • Build, update and maintain the logic, functionality, and assumptions of multiple pricing models including ALFA, Ad Hoc and Stochastic Pricing models used in pricing of experience rated cases, reducing model risk through effective communication and organization.
  • Administration/Illustration Support – Tests third-party vendor’s administration and illustration of new products and features.
  • Provide actuarial support to internal and external wholesalers and brokers.
  • Reviews expense, mortality, lapse, and investment experience information.  Utilizes information to develop assumptions used in pricing and inforce models. 
  • Evaluates crediting rates on inforce products.  Makes recommendations to Interest Crediting Committee for changes to inforce crediting rates.  Provides information and analysis to support recommendations.
  • Compile information for financial review of existing and potential initiatives.  Participates in the collection of information and model outputs for use in the financial plan. 
  • Coordinates initiatives aimed at retaining inforce business.  Able to facilitate the generation of ideas for how to improve retention.  Manages various retention projects.
  • Lead Special Projects and apply knowledge of insurance, regulation and administrative systems to support accurate and appropriate administration of COLI/BOLI, and high net worth private placement products.
  • Present results of analysis to team members, key business partners, and senior management.



  • Undergraduate Degree or 4+ years of comparable work experience; educational concentration in Actuarial Science or Mathematics is preferred.
  • FSA designation is required.


  • 5-7+ years of experience in Actuarial positions that aligns with responsibilities of the position.
  • Knowledge of COLI/BOLI, UL/VUL and high net worth products preferred
  • Modeling Experience 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.

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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