Associate Actuary, Life Qualified Actuary Team

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Date: Dec 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: will be considered/provided for this opportunity within our company guidelines.

Requisition #: 75525

The Role at a Glance

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, Triton, 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 an Associate Actuary, Life Qualified Actuary Team, you will serve as a subject matter expert driving insights and delivering thoughtful analysis on Life quarterly valuation results, annual assumption updates, and new product and implementations for both GAAP and Statutory reporting. You will also be critical in supporting transformational efforts, helping to produce the annual VM-31 report, and representing finance and valuation as a supporting member of new product pricing working groups.

The ideal candidate will have a Life Valuation background and love applying it to solve real world business problems.

What you'll be doing

Valuation Transformation Support
•Provide specifications and design requirements for new model and data processes related to valuation
•Support review and validation efforts of new reporting processes
•Embrace a continuous improvement mindset to assess and improve analysis tools, processes, and modeling methods and assumptions.

Valuation Results Review
•Provide review and analysis of quarterly Life valuation results for both GAAP and Statutory reporting.
•Improve analysis efficiency and provide insight to meet the elevated focus statutory financial results.
•Communicate and influence across the organization by sharing insights and analysis of valuation GAAP and Statutory results with multiple levels of management.

Assumptions:
•Serve as an assumption subgroup member during the annual unlocking process, actively contributing to the setting of assumptions and compiling of documentation
•Develop expertise in regulatory requirements for assumptions to support efforts to define assumption parameters appropriate for both GAAP and VM-20 statutory reporting.

Emerging Regulatory Requirements
•Support preparation of the Life portion of the annual VM-31 report by analyzing and summarizing results and updating report language to reflect current business structure, assumptions, methods, modeling, etc.
•Support implementation of new regulatory requirements, including cash-flow testing for certain blocks of business and/or reinsurance and expanded requirements for the annual Actuarial Opinion and Memorandum.
•Provide analysis and documentation in support of the new Generator of Economic Scenarios for statutory reporting
•Monitor ongoing changes in regulations pertaining to the valuation of Life inforce and new business

New Product Implementation and New Product Pricing Review:
•Support new product pricing working groups and provide guidance on appropriate assumption and modeling methodologies from a valuation perspective throughout the pricing process
•Provide guidance on appropriate assumptions and modeling methodologies to the new product implementation team
•Assist in developing and executing model review controls and governance structures.

Collaborate across the organization to support strong relationships with Life Valuation and Modeling, Life Pricing, Life Model Governance, Corporate Finance, and others.

What we’re looking for

Must-haves:

•Strong analytical and problem-solving skills
•Effective verbal and written communication
•Life product knowledge and general insurance business knowledge
•5+ years of actuarial experience, including valuation experience
•ASA required, progressing to FSA

Nice-to-haves:

•VM-20 experience for ULSG and/or Term products
•GAAP LDTI experience, specifically with Trad LFPB and/or ULSG SOP 03-1 reserves
•Prior experience with actuarial modeling software, preferably MG-ALFA

Application Deadline

Applications for this position will be accepted through February 15th, 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 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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