Senior Associate Actuary, Life Modeling

Date: Aug 25, 2021

Location: Greensboro, NC, US

Company: Lincoln Financial

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


Work Arrangement: Hybrid/Home


Relocation assistance is not available for this opportunity.


Level: P4 


Requisition #: 66358


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.


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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 if you encounter a recruiter or see a job opportunity that seems suspicious.




The Role at a Glance

The Senior Associate Actuary will support Life Valuation and Modeling initiatives with a focus on Life principles-based reserving (PBR) implementation.

What you'll be doing

•    ALFA Modeling and Process Development: Develop ALFA logic and tools to improve PBR modeling and reporting efficiency and gain insight into results analysis. Maintain and expand knowledge of inforce Life ALFA model to identify and execute on model improvement opportunities. Embrace a continuous improvement mindset to constantly innovate methodologies and assumptions embedded in the model.
•    Assumption Setting: Develop expertise in the Valuation Manual requirements for assumptions to support efforts to define assumption parameters appropriate for PBR reporting.
•    PBR Reporting: Analyze, document, and communicate results of model, assumption, product, and economic updates as they interact with the reserve calculation.
•    Model Validation and Governance: Develop, expand, and maintain validation tools such as external spreadsheets used to verify model results. Create and maintain proper documentation of model changes. Assist in developing and executing model reporting controls and governance structures. Critically monitor modeling methods and assumptions, identifying areas to improve.
•    Team Environment: Work with a team of professionals on critical model enhancement initiatives in support of PBR reporting, collaborating across the organization to support strong relationships with Life Pricing, Life Model Governance, Corporate Actuarial, and others. Support the efforts of other teams to overcome challenges with projecting PBR reserves and using MG-ALFA.

What we're looking for:

Must have experience: 
•    5-7+ years of experience in actuarial science that directly aligns with the specific responsibilities for this position
•    Programming/modeling skills: proficiency in MG-ALFA is preferred but not required
•    Life product knowledge and general insurance/business knowledge
•    Knowledge of PBR, VM-20 and LDTI is preferred but not required
•    Undergraduate degree and 4+ years of comparable work experience required


Other: - Minimum Required in Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major


FSA designation or ASA designation with additional years actuarial experience -Upon Hire


Work Arrangement:

Hybrid/Home : Employees will work from home generally three days each week and come into a Lincoln office on a schedule their manager will help set, following any applicable in-office training period determined by their manager. 



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.




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