Actuarial Analyst II - Appointed Actuary

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Date: Sep 9, 2025

Primary Location: Radnor, PA, US

Company: Lincoln Financial

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

Work Arrangement:

Hybrid : Employee will work 3 days a week in a Lincoln office

Relocation assistance: is not available for this opportunity.

Requisition #: 75151

The Role at a Glance

The ADP Program Overview

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. The Actuarial Development Program includes a series of rotations, typically every 18-24 months. For each rotation, roles are available in different business areas including Life and Annuities, Retirement and Group Protection. Experience gained will enable participants to become well-rounded actuaries with knowledge that may include Product Development, Pricing, Valuation, Modeling, Risk Management, Asset Liability Management, Investments, Data Analytics, and Internal Audit.

ADP participants are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader.

Additional Program Highlights:
Highly competitive compensation package with salary increases and bonuses upon successful exam completion
Social and training opportunities to enhance skills, network with ADP participants and build long-lasting industry relationships
Dedicated leaders and mentors to assist with career development
Work with actuarial and data science software and technologies including MG-ALFA, Axis, Prophet, Dataiku, R, and Tableau
Generous study time allowances for each exam session
Payment and/or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

As a part of Corporate Finance, the Appointed Actuary team focuses on key regulatory exercises such as Asset Adequacy Testing, C-3 Phase I, X-Factor reports, Preferred Mortality reports, ALM, PBR, Annual Statement preparations, regulatory compliance, and special projects for all lines of business. The position is responsible for maintaining and updating the annual documentation required by regulators and ensuring compliance with actuarial standards. This role offers a broad, enterprise-wide perspective, with exposure to all product lines across the company. It provides a unique opportunity to analyze the financial dynamics of the entire business portfolio. Strong communication skills are essential, as the role involves frequent interaction with teams across the organization. The ideal candidate will be proactive, detail-oriented, and comfortable working in a cross-functional environment. A willingness to increase understanding of the Bermuda regulatory framework is desired, as Lincoln has recently entered the market. The team will be on the front line of emerging issues as it supports regulatory requests, risk management analytics, potential deal activities (M&A, reinsurance, etc.), and additional ad-hoc initiatives.

The team has the goal of building collaborative relationships across the organization as it aids in regulatory compliance and risk management oversight. The team has the pleasure of working with all business units across all actuarial functions, as well as additional departments such as Investments, Legal, Stat Reporting, ERM and MRM. This position offers an exciting opportunity to learn about the company from a different perspective while expanding business knowledge and growing as an actuary in the organization.

What you'll be doing

•Maintain annual Asset Adequacy Testing, X-Factor, Preferred Mortality, and C 3 Phase I Memorandums, including updates to results and refinements to product descriptions and emerging regulatory changes
•Prepare state-specific regulatory reports, such as ad-hoc reporting requirements provided to California and New York
•Coordinate model projection results and assumption updates from various cross-functional teams to support financial reporting metrics
•Develop tools to improve cash flow analysis used for financial reporting, emerging issues, potential block deals, asset transactions, and market movements
•Perform annual development and validation of asset reinvestment assumptions and discount factors used in Asset Adequacy Analysis
•Generate asset cash flow files and assumption tables used in actuarial models
•Support Appointed Actuary team in key initiatives and projects, including analysis of emerging regulations, potential strategic transactions, and asset and capital allocation
•Develop familiarity with the Bermuda regulatory framework and requirements
•Collaborate with team members and peers across department functions to assist with problem solving and sharing ideas
•Potential to manage a summer intern by providing guidance on projects and fostering professional development

What we’re looking for

•Minimum of 4 actuarial exams passed
•1 to 4+ years of actuarial experience
•1 prior actuarial rotation
•Confident, comfortable communicator with strong written and verbal communication skills
•Utilizes project management techniques to effectively organize tasks
•Builds effective relationships and can collaborate across team functions
•Initiates process improvements utilizing technology platforms
•Adapts to shifting priorities and meets firm deadlines
•Evaluates data trends and investigates inconsistencies as needed
•Basic understanding of statutory and GAAP reporting
•Experience with actuarial modeling software (i.e. ALFA, AXIS) a plus
•Dataiku, Tableau, and Teamwork experience desired but not required
•Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

Application Deadline

Applications for this position will be accepted through November 1st, 2025 subject to earlier closure due to applicant volume.

What’s it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What’s in it for you:

Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
Leadership development and virtual training opportunities
PTO/parental leave
Competitive 401K and employee benefits
Free financial counseling, health coaching and employee assistance program
Tuition assistance program
Work arrangements that work for you
Effective productivity/technology tools and training

The pay range for this position is $61,501 - $112,000 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.

About The Company

Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services.

With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach.

Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.

Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.

Additional Information

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 or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial are considered property of Lincoln Financial and are not subject to payment of agency fees.

Lincoln Financial ("Lincoln" or "the Company") 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, age, national origin or disability. Opportunities throughout Lincoln are available to employees and 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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