Associate Actuary, Enterprise Risk Modeling

Date: May 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 Preferred : Preferred employee will work 3 days a week in a Lincoln office

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 74562

 

The Role at a Glance

The Actuarial Development 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. 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, Reinsurance, Inforce Management, Valuation, Financial Projections, Risk Management, Financial Planning & Analysis, Financial Strategy & Management, Appointed Actuary, Experience Studies, Modeling and Data Analytics & Actuarial Transformation. 

 

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 

 

The Role at a Glance 

 

The Enterprise Risk Modeling role will offer an Associate Actuary the opportunity to showcase their skill set in data visualization, financial reporting, and actuarial modeling. The objective is to use their actuarial knowledge and analysis toolkit to provide insight and support regarding Life and Annuities initiatives, while also developing an alternative modeling solution. The candidate will have the opportunity to leverage their communication and collaborative skills to maximize engagement across the enterprise. This role will also involve transforming complex data gatherings into reporting and analysis tools for management.  

What you'll be doing

  • Reconstruct actuarial output from pricing, valuation, and capital models, to incorporate innovative ways to assess risk. 
  • Valid model inputs and output for accuracy, reliability, and best practices 
  • Enhance modeling techniques using industry best practices, and modeling innovations.  
  • Creating proxy models to identify output tendencies. 
  • Construct, Model, and Analyze realistic synthetic actuarial scenarios to develop stressed events and unforeseen occurrences. 
  • Project Account Values, Cash Flows, and Reserves using proxy models, to compare with actual actuarial results. 
  • Communication modeling results using data visualization for peer usage and management reporting. 
  • Document methodologies used to develop proxy models and synthetic scenarios. 
  • Collaborate with actuarial business units including Group, RPS, Life and Annuities to assist on special projects, and ad-hoc requests from management.

What we’re looking for

  • 3-6+ years of experience in actuarial science that directly aligns with the specific responsibilities for this position. 
  • At least 7 actuarial exams passed; typically has ASA designation, progressing towards FSA designation 
  • Undergraduate degree or 4+ years of comparable work experience. Education concentration in mathematics, actuarial science, business or science is preferred. 


Actuarial Modeling Toolkit: 

  • Knowledge of an actuarial software programs: MG-ALFA, Axis 
  • Knowledge of data integration tools: SQL, Power BI, Alteryx, Dataiku etc. 
  • Knowledge of Programming language: Python, C#, C++, Visual Basic 
  • Data Visualization: Python, Tableau, Dataiku  


Actuarial Knowledge Toolkit: 

  • Intermediate Product Knowledge with Life and Annuities Businesses 
  • Beginner/Intermediate Product Knowledge with Group and Workplace Solution Business 
  • Beginner/Intermediate Knowledge of Reinsurance Transactions 
  • Intermediate Knowledge of Financial Statements  

Application Deadline

Applications for this position will be accepted through July 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 $79,601 - $145,100 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 a diverse and 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. 

 

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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 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, Veteran 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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